Marc Gerson comments on the proposed international tax reforms, saying, “It definitely will increase the tax cost of operating abroad. Companies need to look at the proposals and think about practically what it means to the company.” Gerson says companies would be wise to study and consider the proposals in light of their current operations to get a sense for how they might be impacted if the proposals were to become reality. The impact will vary dramatically from company to company, he said, depending on the nature of the business and the extent to which the business is spread out into different countries.