India has recently cut its corporate tax rates in a bid to revive its stagnant economy. The move has widely been seen as a positive and much needed one and sees the rates cut as follows: Companies that don’t seek exemptions will see their tax rate cut from 30% to 22% before surcharge and cess.
While organisations often overlook tax-compliance requirements related to business travel, the days of simply traveling to and working in a different state or country for business without a thought to tax liabilities are coming to an end. Looking for additional tax revenue, US state taxing authorities are becoming stricter and more vigilant in monitoring business travel. Extensive time spent on business travel in a country outside the US, or even a different state within the US, could create a PE exposure for the employing entity.
As long as greed exists, so does corruption. To combat corruption, the US enacted the Foreign Corrupt Practices Act (FCPA). Its provisions prohibit offering, authorizing, or making payments of money or anything of value to influence the decision making of foreign government officials to obtain or retain business.
On 21 June 2018, the US Supreme Court passed a landmark decision that transformed the landscape of sales tax in the US. The South Dakota vs Wayfair decision effectively permitted states to create new rules for sales tax collection requirements based on the dollar or transactions amount of sales - otherwise known as economic nexus. Previously, companies were only required to collect sales tax based on a physical presence test.
La Ley de Recortes Fiscales y Empleos, aprobada el 17 de diciembre de 2017, ha cambiado de manera drástica el análisis y las estrategias disponibles para estructurar las operaciones transfronterizas. Esto significa que, para optimizar las cuestiones fiscales, los empresarios deben conocer esos cambios. Por ejemplo, además de la reducción de la tasa corporativa del 35 % al 21 % y del gasto total en adquisiciones de plantas y equipos, ahora se aplica una reducción de la tasa efectiva del 13.125 % para el ingreso de las empresas nacionales por la venta de productos o servicios a clientes extranjeros directamente o a través de partes relacionadas.
Las personas vienen a vivir a los EE. UU. y se van por diversas razones personales, pero uno de los motivos principales de reubicación es el empleo. Por lo tanto, es importante comprender los impuestos laborales cuando una persona migra a los EE. UU., o cuando emigra.
Partner Andrea Fantozzi, a Director at the Italian Group in the International Department of Prager Metis CPAs, was published in America 24. Haga clic aquí para leer el artículo completo titulado: Il Fisco Americano terminera’ il programma di Voluntary Disclosure.
Andrea Fantozzi , a Partner and Director at the Italian Desk in the International Department of Prager Metis CPAs, is presenting at the Export U. S. A seminar May 31st, 2018.
Andrea Fantozzi y Strategy Legal Tax (SLT) presentan "Gli Stati Uniti e le opportunita’ di un mercato in crescita. Consigli Utili e Soluzioni Pratiche” - July 10, 2018
Read the latest article by Partners Fernando R. Lopez and Raymond J. Zomerfeld, published in Worth Magazine.
