When doing business in China, it is important to consider how
you will be paid, and get the payment out of the country. Not only must a company manage taxes, they
must also manage exchange control.
Exchange control in China greatly favors payment for imported goods and discourages the payment for services performed outside China. It also creates administrative hurdles to...
OVDP offered taxpayers whose conduct was considered “willful” as to the nonreporting of foreign income with a path to compliance and more importantly an opportunity to diminish the threat of criminal charges they may face upon discovery by the IRS.
As we have argued in our previous articles, as the world has globalized and commerce crosses borders more frequently, the current US corporate income tax code is not only obsolete it is suicidal. The time for change is overdue. But what change will we find under President-Elect Trump?
As economies globalize and more knowledge is being shared, institutions of higher education have had to globalize their learning and research programs as well, and they are learning, sometimes the hard way, that the rules they are so very familiar with in the U.S. do not apply outside of our borders.
When doing strategic planning it is vital to “run the numbers.” We run the numbers in all our tax structuring models. This process allows us to pressure test assumptions and make sure the path we are considering is viable. This process also provides decision makers with information that trains their intuition, helping them make better decisions.
There are budgets, forecasts and predictions...