Corporate Tax Departments Face New Era of Global Fragmentation

The sudden reversal of the trend toward globalization has tax departments mulling how to adapt to a more fractured and decentralized world.

The wars in Iran and Ukraine, US tariffs, and the erosion of the global minimum tax are leading to a structural shift in global relations, requiring tax departments to adapt to the new world order as they nail down their tax and transfer pricing positions, practitioners said.

It’s increasingly unlikely that the world will be going back to the pre-2025 days of growing multilateralism, and companies will have to get more comfortable with a fragmented landscape, Eide Bailly ...