Multinational tax challenges are among the most complex and expensive issues facing companies with international operations. Each new offshore location adds to the puzzle and requires distinctive tax strategies to address new regulations and varying tax rates. Concentrate on growing your business and let Grant Thornton assist you with your planning. Read an overview of our services.
The corporate tax burden represents an increasing concern for companies deciding where to locate operations. Many countries interested in encouraging foreign direct investment have cut corporate tax rates to make themselves more attractive to businesses. Debate is growing over how the tax burden in different countries affects the competitiveness of manufacturers. This report examines the corporate taxation of a hypothetical manufacturer as if it were located and doing business entirely in 19 countries. The study goes beyond statutory tax rates to include the effect of permanent differences in the book and tax treatment of items such a manufacturer is likely to experience.
As more and more U.S. businesses are operating globally in their outlook and reach, many are falling victim to increasingly complex international tax rules. For companies in various stages of their life cycle — from start-up to mature — some of the same international tax issues occur with great regularity. This article by international tax professionals Rono Ghosh, Jack OMeara and Allan Smith describes how many common, and seemingly innocuous, business practices can lead to tax problems for the unwary. Originally published on ChiefExecutive.net.
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