Globalization and digitalization have fundamentally changed the ways in which cross-border business is conducted

There are however some signs – not least the recently announced G7 deal – that the world is moving towards a new consensus for the taxation of cross-border business. Here we review the various developments that have taken place in response to these challenges, including the recently announced G7 deal, and look at what might come next. Joint newsletter issued by the following law firms: Arendt, Arthur Cox, Chiomenti, Cuatrecasas, Gide, Gleiss Lutz, Homburger and Macfarlanes.