Musings on Multinational Tax: What to Expect From GILTI Conscience

GILTI Conscience

Jan 10 2022 • 25 mins

The team at Skadden, Arps, Slate, Meagher & Flom LLP is always happy to debate multinational tax issues. And with the way things have been changing in the last two years, it’s never been a better time to hit "record" on those conversations, and share them with fellow self-proclaimed tax nerds and those just getting started in the field.

“Five years ago, we had a radically different international tax system from what we have today, which may change again significantly in the next year or two," says Skadden partner Nate Carden. “You have to constantly be thinking, How do the planning  I'm doing and the structures I'm creating align with my business objectives? Are they nimble enough to deal with tax rules that may evolve faster than my business?

Two major factors created this dynamic moment:

COVID-19 prompted multinationals to rethink their tax strategies. And in the nearly two years since the World Health Organization (WHO) confirmed the pandemic, governments that poured money into enormous public funding initiatives are looking for ways to make back some of those expenses through taxes.

Meanwhile, the public and lawmakers are paying more attention than ever to how multinationals are being taxed and using tax laws.

In this introductory episode of GILTI Conscience, you’ll meet your hosts: Skadden partners David Farhat and Nate Carden, associate Eman Cuyler, and clerk Stefane Victor, who is about to be admitted to the D.C. bar.

Learn their backgrounds, specific areas of focus, and why they chose tax law. And get a sneak peek of what to expect from GILTI Conscience, including interviews, debates, and of course unapologetic nerding out.

Click HERE to read the full blog post for this episode or visit https://www.skadden.com/insights/podcasts/gilti-conscience

💡 Meet Your Hosts 💡

Name: David Farhat

Title: Partner at Skadden

Specialty: Formerly with the IRS and a major global accounting firm, David is experienced in all phases of international tax planning and dispute resolution, including transfer pricing, multi-country controversy, competent authority matters, and advance pricing agreements (APAs).

Connect: LinkedIn

Name: Nate Carden

Title: Partner at Skadden

Specialty: Nate focuses on advising large multinationals on both operational planning and controversies arising in connection with transfer pricing and related international tax issues.

Connect: LinkedIn

Name: Eman Cuyler

Title: Associate at Skadden

Specialty: Eman represents large U.S. and multinational companies in a wide range of tax planning and tax controversy matters, including transfer pricing cases.

Connect: LinkedIn

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