Managing Director Philip de Homont was interviewed by Bloomberg Tax about joint audits, their pros and cons, and the best strategy for taxpayers to deal with them. Joint audits involve multiple tax administrations coordinating their approach when considering intercompany transactions in what is often seen as preemptive state-state arbitration. While joint audits can prevent lengthy international tax disputes resulting from administrations taking unilateral action, their outcome may not always be to the taxpayers’ liking. In this interview, Mr. de Homont suggests not universally conducting joint audits and gives several strategies that can be used in a unilateral audit to protect the taxpayer.