Channing Flynn is an International Tax Partner of Ernst & Young LLP, US, as well as EY's Global Technology Sector Tax Leader. More information is available in EY’s recent report, 3D printing taxation issues and impacts.
New global digital business models are a source of acute tax uncertainty today. Simple tax questions—where did this transaction take place? Where was this software developed? Can have complicated answers in an interconnected world.
CEO confidence in future business conditions fell 6% in August from July, according to Chief Executive’s most recent polling. At 6.2 out of 10 on our 1-10 scale, confidence is at its lowest level since October 2016.