International Tax Consulting
Today’s business world is much different than it was even a few decades ago. New technologies have made many traditional business models obsolete making it necessary for businesses to adapt in a world where boarders aren’t always clear. It is now almost as easy to transact business with someone on the other side of an ocean, as it is to transact business with someone across the street.
For the most part, this has been a welcome change for businesses, allowing them to more easily expand in new markets, access lower cost labor, and streamline logistical processes. While business without borders has many advantages, it creates complex tax issues that need to be dealt with using extreme precision. Failure to do so can land you in hot water with the IRS and tax authorities of other jurisdictions where you are doing business.
Businesses are experiencing heightened scrutiny by tax authorities related to their cross-border transactions. When you manage a multinational business, it is critical that accurate tax compliance policies are in place for every country in which your business operates. Extensive tax planning is needed to remain compliant and maximize tax efficiency by lowering your business’ overall effective tax rate.
Esquire Group one of the leading international tax consultants will answer your questions promptly, concisely, and in terms that are easy to understand. We will provide international tax advisory services focusing on strategies that will allow you to remain competitive both domestically and internationally. We can either adapt your existing structure or help you design and implement a structure from the ground up.
When U.S. companies invest or conduct business outside of the U.S., special tax issues arise. Not only do you have to understand the tax laws of the country you are investing or doing business in, but how U.S. tax laws impact you. The U.S. has complex tax laws governing the taxation of U.S. persons with foreign investments or operations. For example, in certain situations it is possible for the U.S. shareholders of a foreign corporation to be taxed on the foreign corporation’s income – even if they didn’t actually receive any income from the foreign corporation.
Investing in the U.S. requires special attention to how the investment will be taxed, not only by the U.S. but by the country where the business is based. This requires careful planning and flawless implementation. Tax laws and regulations change frequently in the U.S. and if you and your advisors aren’t up to speed on the latest changes, it could have a negative impact your investment.