Clark Armitage Weighs in on the Global Tax Regime in POLITICO
He’s no Tom Cruise, but Pascal Saint-Amans is signed up for a Mission Impossible.
Amid a stand-off between the United States and France over how to tax companies like Google and Facebook, the Frenchman — who heads the tax policy center at the Organization for Economic Cooperation and Development (OECD) in Paris — has been given less than a year to hammer out a global deal on digital tax.
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“That was a sea change in how multinationals should be taxed,” said Clark Armitage, president of law firm Caplin & Drysdale and a former senior official at the U.S. Internal Revenue Service, in Washington. “But what they’re trying to do now is bigger than any of that. It’ll change the fundamental rules of how the global tax regime operates.”
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