Foreign-derived intangible income is any income that your company receives from exporting products tied to intangible assets like patents, trademarks and copyrights that are held in the US. The term
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State and federal taxes are things that many business owners feel like they have a good grasp of, but foreign source income is much more complex. All countries tax the
As of this year, over 6.8 million Americans are living abroad. As U.S. citizens, each one is expected to pay international tax. Unfortunately for those millions of expats, living in
The United Nations panel on Financial Accountability, Transparency, and Integrity (FACTI) is putting together a report to be released in January 2021. This report proposes an international tax convention that
Most major corporations create separate subsidiaries for doing business in foreign countries. This tactic minimizes a parent company’s international taxes, among other financial benefits. Before looking at said benefits in
If you frequently travel to the US for business, it’s imperative to know your tax obligations. Non-compliance with international tax laws can lead to penalties and negatively affect your future
A multinational business has assets in more than one country, generating at least 25% of its revenue from operations outside the home country. There are different models of multinational corporations.
If your business carries out foreign operations or trades in foreign currencies, you understand the complications that may arise in the accounting arena. You need a consistent method to translate
Understanding the Voluntary Disclosure Program (VDP) may be an essential part of filing your taxes if you have an international business. The VDP is an Internal Revenue Service (IRS) program
The term “hedging” refers to an array of strategies used to reduce risk when conducting international business. The practice seeks to minimize the consequences of negative market movements, allowing companies