IHS Chemical Week

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Multimillion-Dollar Tax Savings from Reach?

9:47 AM MDT | July 27, 2007 | Chemical Week Editorial Staff

Chemical companies could make savings of “tens of millions of dollars” by introducing efficient tax strategies when implementing the European Union’s Registration, Evaluation, and Authorisation of Chemicals (Reach) legislation, Marc Temme, tax partner at KPMG (Amsterdam) says. Temme detailed a series of tax strategies for making the savings, at a webinar hosted by CW last week with an audience of more than 200. “Tax issues are so important that they could warrant portfolio changes, such as stopping the production of certain products, or...

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