International Tax Services
Today's business climate and the growth on e-business send more and more companies
around the globe to deliver their products and services. Companies with
international plans and operations need tax professionals who can provide a
combination of local attention and global capabilities. HLB International,
through its global network of professional member firms, can provide you with
necessary proactive advice and support.International tax service teams provide a wide range of opportunities for both inbound and outbound businesses and corporations. They also offer service to executives whose careers take them around the world. >> |
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By Brett M. Starkman, Schwartz Levitsky Feldman LLP - Canada
Expanding globally is becoming increasingly complicated. Before embarking on an international expansion project, it is prudent for an investor to strategize in order to minimize the domestic and
foreign tax exposure. This article examines some practical income tax issues that a retail corporation should consider before making a global investment. A retail corporation may set up operations in a foreign jurisdiction in a number of ways. In general, if a foreign corporation carries on a business in a particular country, it will be taxed on its earnings from that country. If the foreign jurisdiction is a treaty country, it is necessary to consider whether the form of operations gives rise to a “permanent establishment”. >> |
Given the issue recently of a Belgian administrative circular regarding the application and the explanation of the new double tax treaty
concluded between Belgium and Hong Kong, it is time for a short overview of the most important opportunities of this new treaty for both Hong Kong and Belgian companies.
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Active VAT Management
By Arnold Chr. Stange, HLB Dr. Stückmann und Partner - Germany
Doing business in the European Union means dealing under the European VAT regime. Any operations will be affected by VAT both as a recipient and a supplier. With rates ranging from 15 to 25%,
the charges are high in number and often exceed the gross margins of the business, because the tax basis is the turnover, not the income. Hence, VAT charges are a considerable factor in liquidity
planning and its administration is given a priority in order to avoid any double charges or refund delays. In times when most companies make the attempt to focus on the core operations, thus, sourcing
out as many auxiliary tasks as possible, logistics, warehousing, direct distribution, just-in-time-delivery and consignment stocks are amongst the major issues suppliers and distributors have to tackle –
all relevant factors from a VAT perspective.
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Today's business climate and the growth on e-business send more and more companies
around the globe to deliver their products and services. Companies with
international plans and operations need tax professionals who can provide a
combination of local attention and global capabilities. HLB International,
through its global network of professional member firms, can provide you with
necessary proactive advice and support.
Expanding globally is becoming increasingly complicated. Before embarking on an international expansion project, it is prudent for an investor to strategize in order to minimize the domestic and
foreign tax exposure. This article examines some practical income tax issues that a retail corporation should consider before making a global investment.
Doing business in the European Union means dealing under the European VAT regime. Any operations will be affected by VAT both as a recipient and a supplier. With rates ranging from 15 to 25%,
the charges are high in number and often exceed the gross margins of the business, because the tax basis is the turnover, not the income. Hence, VAT charges are a considerable factor in liquidity
planning and its administration is given a priority in order to avoid any double charges or refund delays. In times when most companies make the attempt to focus on the core operations, thus, sourcing
out as many auxiliary tasks as possible, logistics, warehousing, direct distribution, just-in-time-delivery and consignment stocks are amongst the major issues suppliers and distributors have to tackle –
all relevant factors from a VAT perspective.