The complexity of taxation exceeds all bounds when fastened to a multinational corporation (MNC). In a maze of rules that are always changing, a tax practitioner in the MNC landscape must be extremely well-informed and ready to act with sound strategic judgment. To such a practitioner, this highly informative and expert planning guide, which covers tax planning considerations in depth for U.S. companies doing business in the EU, is of immeasurable value.Starting from the proposition that holding company regimes are generally favorable in Europe'and poised to become more so as the Societas Europaea (SE) becomes established'Professor Dorfmueller analyzes the design of tax conversion and deferral structures that are advantageous to U.S. multinationals as they pursue the following crucial objectives of tax planning:satisfying goals, such as minimizing liability, maximizing credits, deducting expenses, and utilizing losses;using appropriate tools, such as routing of income and
