As you develop your global expansion strategy, understanding local tax regulations are critical to your planning. Knowing what your business must pay to the local government is a key component of the economics of any project in a new market. How should you approach taxes as you expand?
Working with local legal and tax advisors helps you maneuver complex local regulations and may even provide you with government connections which could determine the success of your business locally.
Which markets are particularly “tax-friendly?” What’s the future of tax incentives and how do countries use them to attract foreign investment?
Guest: Daniel Witt, Co-Founder & President, International Tax and Investment Center, a Washington, DC-based nonprofit research and education foundation that works with developing countries on tax and investment reforms.
Here’s more on key tax considerations for your market expansion, changes to global FDI and government incentives, and maintaining a competitive global investment climate:
- The United Nations Conference on Trade and Development promotes the interests of developing countries in world trade. They also release an annual report on international trade reforms.
- What’s the future of foreign investment in the Central Asian energy sector and related tax issues? Read this new paper from the International Tax and Investment Center.
- US manufacturing companies are taxed on their global income. Read more in this insightful article about the 5 stages of a US manufacturer’s foreign operations & their tax considerations.