{ "media_type": "text", "post_content": "If US changes to a territorial system. What value can we add to the client once the new system is settled ? I am in ITS and focus on OB. Should I be changing my specialty?", "post_id": "59f21a60633b180017079f79", "reply_count": 3, "vote_count": 1, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting" }

If US changes to a territorial system. What value can we add to the client once the new system is settled ? I am in ITS and focus on OB. Should I be changing my specialty?

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People mention base erosion but I’m not convinced. The corporate tax rate drops significantly, your rates/fees better drop as well.

Exactly if the global tax rate pretty much equalizes there's really not that much play. Especially with the new BEPS provisions that may make it more difficult in using hybrid structures/instruments.

It’s not a great time to build a career in ITS. Tax reform will make your job obsolete if it goes through.

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