International Tax Planning and Global Tax Services

Aprio’s international tax services help your business cross new borders with confidence.

Whether you’re expanding operations outside the U.S. or seeking to establish operations in the United States, Aprio provides the tax, assurance and advisory services you need for successful international expansion. Our international tax advisors walk the walk with our clients. We know the languages, cultures and business landscapes of the countries where our clients do business. Understanding these nuances is critical to providing our international tax services clients with the best counsel and insight.

Aprio works with companies in more than 40 countries around the globe. Successful business relationships are built on good communication, so being able to conduct business and navigate international tax law in your native language is essential. Aprio’s international accounting services associates speak more than 25 languages including:

  • Russian
  • German
  • Japanese
  • Korean
  • Cantonese
  • French
  • Spanish
  • Portuguese
  • Hindi
  • Mandarin

Beyond being one of the largest international business tax, accounting and business advisory practices in the southeastern United States, Aprio further expands our global reach through our partnership with Morison KSi – a global association of leading professional services firms established to meet the cross-border accounting, audit, tax and business consulting needs of international clients. With 163 individual member firms in 85 countries, this global footprint delivers the consistency of service and expertise that international tax CPA clients need, wherever they are and wherever they want to go next.

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FDII and GILTI – Navigating tax reform in today’s global economy.

The Tax Cuts and Jobs Act has created a host of new challenges for global businesses, making it more important than ever to have an experienced international tax accountant. New provisions including Foreign Derived Intangible Income (FDII), Global Intangible Low-Taxed Income (GILTI) and deemed repatriation of income are creating new opportunities and obstacles for international companies and their shareholders.

For instance, Foreign Derived Intangible Income (FDII) rewards domestic companies taxed as C-corporations and U.S.-domiciled C-corporation subsidiaries of foreign multinational businesses with an effective tax rate of 13.125 percent. The FDII tax reform  imposes this rate on a portion of income derived abroad from the sale of goods, services property and royalties from licenses, patents and trademarks.

Conversely the GILTI tax reform provision, imposes a minimum effective tax rate of 10.5 percent on similar nonroutine portions of income and allows a foreign tax credit for only 80 percent of the foreign taxes paid to foreign jurisdictions. The combination of GILTI and FDII tax reform are intended to keep more intellectual property and profits in the U.S. The implications of these two provisions will require significant changes to financial reporting and accounting processes.

Another significant change in the Tax Cuts and Jobs Act is deemed repatriation of income. Deemed repatriation requires U.S. shareholders (including individuals) of certain foreign corporations to pay U.S. federal income tax based on the foreign corporation’s undistributed earnings and profits. This one-time cumulative deemed repatriation of earnings and profits is taxed as if it were actually repatriated by the U.S. shareholder as a dividend distribution. Although the media has associated this new rule with large multinational corporations, many individuals, trusts and businesses will need account for a one-time deemed repatriation on their 2017 tax returns.

Aprio has been on the forefront of tax reform, helping our clients understand how these new provisions will impact International tax planning to effectively safeguard both inbound and outbound international investments.  Aprio’s international tax accountants can help your business optimize your global tax strategy to reduce your effective global tax rate.

Aprio’s international tax services leverage domestic and international tax law to take full advantage of credits, deductions and incentive programs available in global markets. This additional profit can be reinvested, helping the international company maximize your opportunities to scale.

In today’s highly competitive and fast-paced international business environment, Aprio’s international tax consulting can help your company enter new markets with confidence, gain competitive advantage and maximize your investments in global expansion.

Make the world your marketplace with Aprio’s international tax planning services.

Since 1952, clients throughout the U.S. and in more than 40 countries have counted on Aprio’s international tax advisors to build value, manage risk and drive growth. Whether you are an foreign company seeking to establish or expand operations in the states or a domestic company seeking opportunities abroad, Aprio is the right partner to provide advice and international tax planning strategies to power your success.

Contact Yelena Epova to learn more about our International Accounting Services.

 

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