Cross-border transactions: Lessons learned from the last recession

While the current upheaval due to the COVID-19 pandemic is unprecedented, lessons learned from prior economic crises can help provide structure for rapid decision-making. Business leaders who effectively coordinate changes to cross-border transactions with finance, tax, and legal teams can unlock value at this critical time. Conversely, lack of coordination can result in unanticipated tax consequences that are a drain on precious cash resources.
In this Insights, we identify 10 actions multinational companies can take now.