From US tax laws to BEAT, Indian firms are preparing for global tax reforms

Experts say Indian businesses operating in the US need to go beyond the changes in the corporate tax rate structure

It is that time of the year when most chief finance officers, along with team members, go on an overdrive to make financial accounts match for the March 31st year-end deadline. Some questions that many CFOs of companies with overseas presence are asking tax experts are: How do we disclose in the impact of the recent changes in the US tax laws? Or will Brexit – the event capturing Britain’s exit from the European Union – have any tax implications on Indian businesses operating out of the UK? Do US MNCs operating out of India need to re-work their tax