Developed nations are taking aim at the long-standing practice by many multinational companies of parking profits overseas where they are subject to more favorable tax treatment.

Indeed, a complex web of new international tax laws and compliance obligations that the United States and countries in Europe and elsewhere are considering could make it harder for companies to pursue such a strategy.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...