International Business

The US corporate minimum tax, enacted as part of the Inflation Reduction Act in 2022, took effect this year and imposes a 15% minimum tax on the adjusted financial statement income of large corporations, with average annual financial statement income over $1 billion. The President has proposed further changes to bring the US more in line with 15 actions the Organization for Economic Cooperation and Development (OECD) has identified in its global initiative to limit international tax avoidance. Read More

Please enjoy this CPE recording from Dave Kim, FD National Practice Leader for International Tax Services, on Biden's proposed budget for 2024 and the implications to US International Tax Regime! Read More

A recent decision by the Supreme Court has greatly reduced the penalty exposure for U.S. taxpayers holding foreign bank accounts. Read More

The IRS now is providing a K-2 and K-3 filing exception for the tax year 2021. Read more to see the qualifications. Read More

Foreign companies operating in the United States may be surprised to learn they have a taxable presence for state income tax or sales tax purposes even though they may not pay any federal income tax. No PE, No Problem If... Read More

Lee, Wrangler, Nautica, Vans, and North Face are iconic apparel brands, all owned by VF Holdings through its numerous acquisitions. The company also acquired Timberland Co. in 2011, doubling its global footwear business. That merger, however, has resulted in a... Read More

Learn about a pragmatic and cost-effective approach for Transfer Pricing planning, benchmarking and documentation for U.S.-based Multinational Companies (MNCs) from Frazier & Deeter’s Global Transfer Pricing team. Read More

Understanding the tax implications of inter-company transactions is critically important for businesses. Mike Whitacre interviews Malcolm Joy, Frazier & Deeter’s Global Transfer Pricing Practice Leader, to get a better understanding of one of the most complex aspects of tax planning... Read More

Did you know you may have cash hidden in unclaimed R&D tax credits? Mike Whitacre interviews Thomas Wells, leader in our UK R&D Tax Credit practice. Thomas Wells explains the benefits of R&D tax credits and which companies may qualify.... Read More