International Business

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

The House passed the $1.75 trillion Build Back Better Act on November 19, 2021, and the legislation is now under Senate consideration. Known as H.R. 5376, the legislation is the second prong of President Biden’s social and economic policy program.... Read More

After competing for the lowest tax rates for years, 132 countries holding 90% of the world’s GDP have agreed to a framework for a global minimum tax on corporations. The plan, described in an OECD Statement, is a two-pillar package... Read More

The UK government recently issued a white paper aimed at restoring trust in audit and corporate governance. Pete Hine, Frazier & Deeter’s Lead Audit Partner in the UK, provides a perspective on the publication. In particular on ‘UK SoX’ and... Read More

When there is a transition of power, changes can also be expected to the tax system. Frazier & Deeter international tax experts discuss these potential changes and how the different US tax structure could affect companies seeking to expand into... Read More

Increasing the corporate tax rate to 28% is the cornerstone of President Biden’s Made in America Tax Plan, unveiled as part of a proposed $2 trillion infrastructure and jobs program. Other tax provisions target international profit shifting, offshoring incentives and... Read More

Did you know the most frequently audited item for multinational tax returns is transfer pricing? This article explores the transfer pricing needs of US-based Multinational Companies (MNCs). Penalty-Protection Through Documentation An IRS audit of a MNC will typically include an... Read More