Norris McLaughlin & Marcus, P.A.

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Taxation

Aug 28, 2017

How An “F” Reorganization Can Help Your Business

An “F” reorganization is a type of tax-free reorganization under Internal Revenue Code Section 368(a)(1)(F), which includes a mere change in identity or form of one corporation.  F reorganizations are typically used to effectuate a tax-free shift of a single operating company. They are frequently used as part of a pre-sale strategy or for changing certain undesired attributes of an operating company. » Read More

Jun 16, 2017

Doing Business in the Latin American or Caribbean Regions

From October 5-6, 2017, Norris McLaughlin & Marcus, PA will participate in the Meritas® Latin American/Caribbean “LAC” Regional Meeting in Panama City, Panama. On the afternoon of October 5, 2017, the LAC members will host a Client Round Table focused on “Doing Business in Latin America and the Caribbean” featuring attorney panelists from countries throughout the entire region. NMM attorneys will attend and participate in the event.» Read More

May 09, 2017

IRS Announces Tax Treaties Resulted in Low Withholding Rates to Foreign Individuals and Entities

In the 2017 Statistics of Income Bulletin, the IRS reported that foreign recipients of U.S. source income from treaty countries had an average withholding rate of 13.9% compared to 25.6% for payments made to residents of non-treaty countries.   Absent certain exceptions and/or exemptions, a foreign person, including a foreign entity, is generally subject to tax at a flat 30% rate on U.S.» Read More

Aug 30, 2016

Battle Heats Up Over Who Can Regulate Tax on International Companies

In a decision that again pits the United States against the European Union in that ongoing battle over which entity can primarily tax international business, Margrethe Vestager, the European Union commissioner for competition, ordered Ireland on Tuesday to claw back billions from Apple over illegal tax breaks.  At issue is up to 13 billion Euros (US$14.5 billion) in back taxes, which the European Commission claims are due for a 10-year period. » Read More

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