Cross-border business transactions, foreign investment, and international trade are the new normal in today’s global economy. Businesses have infinite opportunities to expand and diversify their customer base, supplier network, talent pool, referral relationships, and, importantly, take advantage of varying and changing tax laws in different jurisdictions.
Daszkal Bolton team members work hand in hand with clients pursuing business outside the U.S. Starting with international tax planning, they provide comprehensive consulting on other issues such as entity formation, foreign tax management, corporate restructuring, holding company strategies, acquisition and divestiture planning, financing arrangements, intellectual property planning, global supply chain strategy and withholding tax minimization.
As your business expands into international markets, it is necessary to pay close attention to global actions impacting your business such as The Organization for Economic Cooperation and Development (OECD) initiative to prevent tax minimization schemes. The Base Erosion and Profit Shifting (BEPS) program helps local tax authorities obtain greater transparency to combat base erosion that has caused countries to enact new tax laws along with additional tax compliance requirements. Failure to comply with these changes in the tax laws may result in taxpayers paying a higher than needed worldwide effective tax rate and/or substantial penalties for non-compliance.
The multi-disciplinary team of tax, audit and advisory professionals at Daszkal Bolton will help you analyze options, recommend strategies, and deploy solutions to optimize your tax position. Our international resources also include our membership in AGN International, a global association of accounting firms that give you access to local tax and financial professionals throughout the world.
Do you need an international tax consultant? If you’re a multinational company with foreign earnings, you just may. The Tax Cuts and Jobs Act of 2017 (TCJA) included several international tax provisions, including a tax on a new category of global intangible low-taxed income, also known as GILTI.
The international tax reform provisions in the Tax Cuts and Jobs Act (the “Act”) present both challenges and opportunities for many clients with investments and businesses overseas. The U.S. has moved to a hybrid territorial
For over 25 years, Foreign Taxpayers who sold their interests in US partnerships engaged in a U.S. trade or business have paid U.S. income tax on the gain on sale under IRS Revenue Ruling 91-32.
To learn more about international business accounting services at Daszkal Bolton, simply complete our contact form, or call (561) 367-1040.
