In his introduction to this publication, Steve Edge contends that many of the issues that he mentioned in his introduction last year (Brexit, State Aid, US tax reform and the general structure of the tax system in a digital age) are still, of course, very current. The political scene in many countries (not least the UK) continues to be uncertain with multinationals thinking about relocating or restructuring based on what their crystal ball says about possible future legislative changes. There is no sign of an end to turbulence in the tax arena, it would seem. The wheels of tax reform and/or tax change (extending the scope of tax either to increase yield for its own sake or, as in the digital area, to respond to an actual or perceived need) seem destined to continue to turn for some considerable time. Steve hopes this Guide will continue to be helpful to all those facing the challenge of deciding what best to do in planning a restructuring or relocation.
This introduction was first published in the Chambers Global Practice Guide 2020: Corporate Tax.