9 FAQs About the USMCA
Posted by Carlos Calderon on August 3, 2020
Carlos Calderon
It has already been a month since one of the most competitive regions in the world, which together generated more than 25% of the world’s GDP in 2019, finally entered into the United States-Mexico-Canada Agreement (USMCA).
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Mexico Manufacturing During the COVID-19 Crisis
Posted by Carlos Calderon on April 13, 2020
Like most of the countries in the world, Mexico has been and will be significantly impacted by the Coronavirus outbreak. With the shutdown of non-essential activities, the peso has devaluated, the index of risk has risen and unemployment rates have soared.
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Global Expansion: Investing in a Subsidiary
Posted by Sue Tuson on January 17, 2020
Businesses are consistently evaluating how to stay competitive. Global expansion may be the answer for a business to reach new markets, meet current customer needs, reduce costs, or find talent.
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Considering Expanding to Mexico? Learn the Impacts of Taxes and Personnel Expenses
Posted by Carlos Calderon on November 26, 2019
It is true that Mexico has a highly qualified and competitive labor market, and a young population; however, it is mandatory -- and extremely important -- to factor in the personnel-related requirements below when expanding or operating in Mexico.
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Considering Expanding to Mexico? Keep an Eye on Duties and Taxes!
Posted by Carlos Calderon on September 23, 2019
Taxes are a hot topic that should be discussed and planned early in an expansion decision due to the significant impacts on a business. In fact, the ideal time to consider taxes is the moment a cash flow projection is created and when the business structure and plan are outlined
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US Reporting of Foreign Subsidiaries
Posted by Sue Tuson and Teresa Gordon on August 28, 2019
The IRS continues to increase scrutiny of the reporting requirements applicable to foreign persons and U.S. companies with foreign transactions. It is important to fully understand these U.S. obligations because failure to report...
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Thinking of Expanding your Business Overseas?
Posted by Sue Tuson on July 18, 2019
Thinking of expanding your business overseas? The first question is usually, “What’s the best way to start? Should I set up an office immediately or use an independent contractor familiar with the country?”
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The New Foreign Investment Law
Posted by Nina Wang on July 16, 2019
In response to international criticism about China’s openness to foreign businesses and an attempt to attract more foreign investors to expand their businesses to China, the National People’s Congress passed the Foreign Investment Law of the People’s Republic of China (Foreign Investment Law) on March 15 2019, which will come into force on January 1, 2020.
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Where is the NAFTA Now?
Posted by Carlos Calderon on June 17, 2019
After Mexico, Canada and the USA officially signed the United States-Mexico-Canada Agreement (USMCA) in November 2018, many of us may have expected immediate action. Clearly, that was not the case! It is expected that this new agreement will bring more investment opportunities to promote the creation of jobs, effectively positioning North America as the most competitive region worldwide.
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Mandatory Government Survey—Survey of US Persons Service and IP Transactions with Foreign Persons
Posted by Sue Tuson on May 15, 2018
The US Department of Commerce Bureau of Economic Analysis (BEA) has issued a mandatory survey of select services and intellectual property transactions with foreign persons.
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Considering Doing Business in Mexico? Six Things to Know Before You Go
Posted by Tim Finerty and Carlos Calderon on March 13, 2018
There are six key issues to consider before a business expands to Mexico. It is strongly recommended to consult a tax and accounting advisor before doing business in Mexico to avoid penalties, fees and fines.
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Permanent Establishment in China
Posted by Tim Hilligoss and Nina Wang on March 13, 2018
In many cases, the owners of such foreign entities are not aware of PE concepts and as a result, the entities are subject to Chinese CIT liability.
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International Tax Provisions
Posted by Sarah Russell on December 22, 2017
As mentioned in our last two updates recapping changes in the individual and business tax provisions, legislation passed December 20, 2017 and is expected to …
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Cross-Border Taxation Update
Posted by Sue Tuson on May 25, 2017
The IRS announced 13 audit campaigns last March. Included in the campaign is an effort to increase voluntary compliance for Form 1120-F Non-Filers. Form …
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Interest Charge Domestic International Sales Corporation (IC-DISC)
Posted by Sarah Russell on May 10, 2016
The United States has continually offered encouragement and support to domestic companies to promote export sales of domestically produced goods. One …
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India Withholding Taxes
Posted by Sue Tuson on April 26, 2016
US companies doing business with Indian entities may be subject to withholding taxes at the time the customer makes the payment. Generally, withholding occurs on …
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Is International Expansion into Cuba Right for Your Business?
Posted by Clayton & McKervey on August 14, 2015
You may be asking: What is the buzz about Cuba? And, are there international business expansion opportunities for us? Given our focus on helping clients …
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Outbound International Filings
Posted by Sarah Russell on March 18, 2014
Are you a resident of the US doing business in other countries? Or perhaps your company has expanded to other countries. While that business is …
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Mexican Tax Reform Could Have Major Impacts for U.S. Manufacturers
Posted by Tim Finerty on January 24, 2014
How will Mexico’s new tax laws impact your company? The Mexican government recently made significant changes to the tax laws that govern the country. The …
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Clients Continue to Explore Global Expansion Opportunities
Posted by Clayton & McKervey on May 6, 2013
Many of our clients are continuing to explore expansion opportunities, and often that expansion is leading them to other countries. The specific reasons vary, but …
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Brazil Issues Legal Guidance on Safe Harbor Rules
Posted by Sue Tuson on February 19, 2013
On January 18, 2013, the Brazilian tax authority issued Legal Guidance 1.321/2013 providing transfer pricing safe harbor rules applicable to transactions involving exporting of goods …
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Proving Beneficial Ownership to China Requires Right Approach
Posted by Sarah Russell on February 1, 2013
Foreign investors in China who want to obtain tax treaty benefits for withholding taxes on dividends need to understand the concept of beneficial ownership, communicate …
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Expanding to Brazil – What You Should Know
Posted by Tim Finerty on January 8, 2013
As small to mid-size enterprises shift gears to accelerate growth, they are taking a closer look at new opportunities in foreign countries. One of those …
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Rules of the Road for International Business
Posted by Tim Hilligoss on February 27, 2012
More and more companies today are venturing into the waters of international business. While the potential rewards of global trade are great, so are the …
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IC-DISC: Reducing US and Foreign Income Tax Liabilities
Posted by Tim Finerty on August 15, 2011
IC-DISC: Proper planning could reduce US and foreign tax income liabilities. By implementing an IC-DISC strategy, a US subsidiary that is manufacturing or distributing US …
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Five Keys to Globalization for the Entrepreneur
Posted by Clayton & McKervey on January 5, 2011
Never in the history of the world has the entrepreneurial spirit – the spirit of adventure – been more alive or in a more favorable …
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Going International
Posted by Clayton & McKervey on December 19, 2010
As a result of domestic and worldwide macro-economic factors, more and more mid-sized companies are venturing into international trade. As the dollar declines in value …
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Tax Considerations When Doing Business Overseas
Posted by Clayton & McKervey on December 1, 2010
One of the less-glamorous, but most important, aspects of doing business internationally is planning for the tax implications of overseas business operations. For example, many …
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Don’t Jump In Overseas Markets Without a Net
Posted by Clayton & McKervey on November 10, 2010
In his recent best-seller The World Is Flat, Thomas Friedman dissects how the lowering of trade and political barriers and the technical advances of the …
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