Related Posts
Any ladies want to chat with a 30/f?
How is Projects assigned to laterals in HCL?
Additional Posts in Tax Bowl
Pay your fair share!
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.






All companies will be good corporate citizens, no need to audit
You should stay at government a bit longer. Try to work on regs or wait until something juicy comes out at least.
Honestly I think P1 and P2 will shift companies’ focuses heavily towards maintaining compliance. Planning would be more of a “diligent compliance” exercise. Although planning/structuring in light of deals and transactions will gain more traction as a result.
In the original message there is a lot of complexity. With complexity will come opportunity. Given the fact that all of this will evolve, there will be opportunities in the medium term. Agree that this will add more complexity to reporting and compliance in many instances. If things settle for many years with these frameworks, planning may suffer. If you think that things will continue to evolve, planning will evolve as well. No guarantees.
What area of IRS are you in?
International
Lol, I should have added that I’m asking because I’m considering leaving govt (not because I want an inside scoop on near term planning techniques or structures).
Sure, but only if you tell us first what structures you are picking on right now 😉
Keep in mind P1 and P2 are just model rules and will likely be implemented slightly differently by each country. These differences will present planning opportunities.