Latest news for PFIC and Corporate Tax -itanitax.com
Complaint 346706 Details

  • Date Occurred: 02/11/2016
  • Reported Damages: $0.00
  • Location: US
  • !

The complaint is against an online dating profile

The complaint is a listing fraud posted on public forums or sites against an anonymous entity

The complaint is mobile text spam or smishing related against an anonymous entity

The company or person contact no longer exists

International boundaries

One of the major concerns of expatriates who work outside the country or those who have earnings from other countries is regarding taxation. If you are one among them, you may worry about being subjected to double taxation. The country where the income originates will always have a share of the income. However, if the income is again taxed where it is received, it leads to double taxation and a loss to the recipient. It is always advisable to hire services of experts in Tax preparation to plan and minimize the international tax liabilities, whether for an individual or corporate.
Common PFIC techniques
Most taxation systems across the world are based on the residency status of a person. Only a resident needs to pay their taxes for the whole year. Else they have to have spent a minimum of days in a country to be liable to pay tax. However, with expert managing things, it is possible to re-characterize and shift your income is such a way that it reduces the taxation implications you have. PFIC systems and their management need a lot of analysis and intricate knowledge of the legalese in different countries to become successful.
Common Corporate Tax terms
The tax systems based on residency attempt to defer the recognition of your income through the use of related parties. Some jurisdictions impose anti-deferral systems that help to limit this kind of deferral. Deferral is found to be also authorized specifically by some governments for special socialpurposes and the agreement between governments, known as treaties, determine who is liable to pay tax and who is exempt. There are always disputes and a mechanism of sorts is always instituted to help negotiate the settlement of such disputes. In the Corporate Tax scene, it pays to be vigilant and well-versed in the different norms prevalent across the world, else hire an expert to take care of things for you.
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Company Statistics

  • Complaint Against Latest news for PFIC and Corporate Tax -itanitax.com
  • Complaints Filed: 1
  • Reported Damages: $0.00
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