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Tax aspects of the LIBOR transition: What to consider for year-end
In this webcast, panelists will discuss tax considerations of the London Interbank Offered Rate (LIBOR) transition and what steps multinational companies can take before the year-end to prevent disruption.
LIBOR rates have long been referenced in external and intra-group loan agreements, current accounts, cash pool arrangements, derivatives, and other types of financial transactions. The end of most forms of LIBOR on 31 December 2021 will affect multinational companies and other taxpayers in several areas, including tax. This may require action before year-end (for example, how best to transition to alternative rates).
During the 60-minute webcast, EY panelists will discuss considerations of the LIBOR transition from tax (including transfer pricing) and operational perspectives.
The topics include:
- Recent developments in relation to the LIBOR transition and Alternative Reference Rates (ARRs)
- New market conventions and trends observed in external financing
- Tax implications of the LIBOR transition
- LIBOR fallback rates
- Pricing of intercompany financial arrangements going forward
- Steps to be taken before the year-end to prevent disruption