International Tax: What companies need to know when going global

U.S companies expanding abroad face a number of international tax planning and compliance reporting challenges. Many businesses that do expand into foreign markets may not be aware of what issues need to be addressed either before or after expansion. Combined with the fact that all taxing jurisdictions, including the IRS, are focusing on international transactions and aggressively prosecuting offshore tax evasion, it can be a difficult and costly task for any organization to expand into a foreign market without careful tax planning and consideration of U.S. tax rules. While the international tax and reporting regulations imposed on U.S. entities can be daunting, they can also be managed if careful planning consideration is undertaken.