Sending employees abroad may help businesses compete but it might also come with some unexpected tax consequences.
One of the most important building blocks for any business is selecting the correct legal and tax entity type. The choice of entity classification can make all the difference when it comes to liability protection and optimizing tax outcomes, so it’s no surprise that this decision takes on a new form when thrown into the arena of international tax.
A “border adjustment” tax proposal that is intended to boost exports over imports has several major U.S. corporations up in arms, and that has put members of Congress under intense pressure from key corporate constituencies. What’s all the fuss about?
With nearly 17 percent of the U.S. workforce made up of non-U.S. citizens (i.e, aliens), it’s safe to say that many companies face the struggle of correctly reporting the wages paid to foreign employees.
The final regulations, which go into effect for taxable years ending on after Jan. 19, 2017, eliminate the inclusion for many types of entities and provide definitions for many terms used throughout the regulations. Here is a synopsis of the exceptions and definitions:
Are you considering an international business acquisition? Read some tips to help you engineer the process from start to completion.
India presents a complex economic, regulatory, and legal landscape for doing business. Consequently, the success of a business venture in India is dependent on a company’s ability to traverse the Indian business landscape.
The Minister of Finance, Bill Morneau, tabled on March 22, 2016, the new Government of Canada’s first federal budget, Growing the Middle Class, a plan that, according to the Government, takes important steps to revitalize the Canadian economy, and delivers real change for the middle class and those working hard to join it. Here are the highlights of the 2016 budget.
This is the time of year to make sure you are taking advantage of every potential tax savings opportunities. If you own a profitable business that exports items that are 50 percent or more manufactured in the U.S., you may have the opportunity to realize as much as 15% to 20% in tax savings.
When a business transaction occurs between businesses that are controlled by the same entity, the price is not determined by market forces, but by the entity controlling the two businesses.