Posts by Robert Verzi
How to Develop the Right Transfer Pricing Strategy for Your Business
At a glance Take action before you do business abroad: From startups interested in expanding internationally to established multinational enterprises, transfer pricing planning is a necessity for every business with cross-border transactions. Impact on your business: Not only can transfer pricing planning help you meet the IRS’s regulatory requirements, but it can also help you…
Read MoreDouble Edged Sword – International Taxation Proposals Under The Recent Build Back Better Act May Result in Increased Tax and Compliance Challenges
At a glance To learn more about these potential impacts, schedule a free consultation today. The full story: The Build Back Better Act (BBBA) is the centerpiece of President Biden’s domestic social policy agenda and has been the subject of lengthy negotiations among House and Senate Democrats. This tax overhaul, like almost all tax-related legislation over the…
Read MoreTransfer Pricing and COVID-19 – Time to Re-Examine Your Policy
At a Glance Multinational Companies Beware: Economic impacts from COVID-19 may require a new transfer pricing policy to avoid future penalties. Impact on Your Business: Companies using profits-based transfer pricing methods will be affected the most. Next Steps: You need to take immediate action to determine if your current transfer pricing is defensible or if you need a…
Read MoreDo You Own 10% or More in a Foreign Business? If so, Form BEA-10 is Due Soon!
What is Form BEA-10? Form BEA-10 is required by the U.S. Department of Commerce. The purpose of the form is to collect data about U.S.-owned business activities in other countries. The data is needed for statistics measuring the scale of direct investment abroad and the effects these activities have on the U.S. economy. Who must…
Read MoreThe Interplay of Tax Reform’s IC-DISC & Pass-Through Deduction: What We Know So Far
A key tax benefit for companies that do exports was at risk of getting killed from President Donald J. Trump’s Tax Cuts and Jobs Act, but was saved by aggressive lobbying from pass-through companies, Forbes, Industry Week and others have reported. Although the IC-DISC benefit is somewhat diminished because of lower overall income tax rates, the…
Read MoreTransfer Pricing Benchmark Analysis
Treasury Issues Regulations that Discourage Tax Inversions
Controversial regulations restrict earnings stripping REGULATIONS DISTINGUISH BETWEEN DEBT AND EQUITY On Oct. 13, 2016, the U.S. Department of Treasury and the Internal Revenue Service (IRS) issued controversial final regulations to address earnings stripping. This action will further reduce the benefits of corporate tax inversions, level the playing field between U.S. and non-U.S. businesses and…
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