Companies are increasingly trading in international markets and seeking to develop their business in new overseas territories. International transactions and the creation of overseas entities will have tax consequences.
We provide international corporate tax advice to a wide range of private companies and their shareholders. We advise on the international tax issues relevant to today's businesses, whether it be the expansion of a company into a new overseas territory or the restructuring of an existing multinational group.
Our approach is to provide an integrated international tax service based around managing three key areas:
- Tax and attribute management - based on understanding the characteristics of your business and the tax systems of the countries in which your company or group operates
- Profit management - by identifying how profits arise in various territories and maximising tax efficiency across the entire group
- Cash management - by advising on the tax issues that arise from transferring or locating funds overseas and returning them to shareholders.
These three areas are inter-linked and, by considering the interaction of these elements, we will:
- Assess the tax implications of international transactions and reduce the exposure to international tax. We can advise on issues such as inbound investment, expansion overseas, acquisitions and disposals, financing arrangements, repatriation of profits, holding company structures, internationally mobile employees and VAT and customs issues.
- Identify and minimise UK compliance obligations arising from cross-border operations and relationships. We can assist with tax clearances, transfer pricing, double taxation, anti-avoidance legislation, corporate residence issues, permanent establishment concerns and treaty interpretation.
- Coordinate the overseas tax advice required by our clients, which will usually be effected through our international relationships established through HLB International.