International Services

The Latin American Tech Scene and Its Relationship with the U.S.

With the digital economy, investors no longer have to move talent to the U.S. They’re on the hunt for the best talent and most innovative technology, regardless of where they are. Of course, a key factor to keep in mind is when obtaining funding and initiating operations in a new market that requires an analysis of the tax obligations that will result.

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The Latin American Tech Scene and Its Relationship with the U.S.2022-04-27T16:25:06-04:00

Metaverso e Impuestos

El metaverso se refiere a un mundo virtual altamente inmersivo donde las personas puedrán reunirse para socializar, jugar, trabajar y comerciar con bienes y servicios virtuales (y no virtuales). Algunos lo llaman un universo paralelo, poblado por avatares y toda forma de elementos digitales (en forma de NFTs) que se encuentran en nuestro mundo diario.

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Metaverso e Impuestos2022-04-27T16:26:45-04:00

Metaverse & Taxation

The metaverse refers to an immersive virtual world where individuals can socialize, play, work, and trade in virtual (and non-virtual) goods and services. Many questions come to mind as we all begin to navigate this virtual space. Will global tax authorities be able to assert tax authority over transactions occurring in a virtual arena that lacks the type of provincial, state, and national boundaries that provide the framework for real-world tax administration?

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Metaverse & Taxation2022-04-04T01:07:44-04:00

Oportunidad y Complejidad del Mercado Estadounidense para Inversionistas Latinoamericanos

Existen múltiples razones por las cuales los inversionistas latinoamericanos, tanto familias como empresas, buscan invertir en los EE. UU. Estados Unidos ofrece el mercado de consumo más grande y el gasto doméstico más alto del mundo, lo que representa más de una cuarta parte del consumo doméstico mundial.

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Oportunidad y Complejidad del Mercado Estadounidense para Inversionistas Latinoamericanos2022-04-03T15:12:25-04:00

Understanding Opportunity and Complexity of the US Market for Latin American Investors

There are plenty of reasons why Latin American investors, both families, and companies, seek to invest in the US. The US offers the largest consumer market and the highest household spending in the world, accounting for more than one-quarter of global household consumption.

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Understanding Opportunity and Complexity of the US Market for Latin American Investors2022-04-03T15:16:51-04:00

How Latin America Can Help U.S. Companies Compete in the Digital Economy Written By: Ricardo Aramburo Williams Latin America Global Services Leader

There is a decades-long misconception in many U.S. entrepreneurial spaces about Latin American markets: “There is not enough wealth in Latin America for people in the region to buy products and services.” In other words, if you are part of a U.S. company trying to compete globally, Latin American markets are not economically relevant, so you should focus your expansion efforts on a different region. I’ve heard this many times over the years.

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How Latin America Can Help U.S. Companies Compete in the Digital Economy Written By: Ricardo Aramburo Williams Latin America Global Services Leader2022-04-27T16:27:42-04:00

Planificación Fiscal Internacional para la Industria de Medios de Comunicación y Entretenimiento

Planificación Fiscal Internacional para la Industria de Medios de Comunicación y Entretenimiento La digitalización de la industria de medios de comunicación y entretenimiento ha transformado la mayoría de los aspectos de su cadena de suministro global, desde la creación y adquisición de contenido, hasta el procesamiento, edición y distribución global. Además de modificar drásticamente las limitaciones de distancia, tiempo y costos de transacción, la cadena de suministro digitalizada brinda la oportunidad de aumentar la eficiencia fiscal. Sin embargo, esta eficiencia fiscal no se obtiene automáticamente; se requiere una planificación proactiva.

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Planificación Fiscal Internacional para la Industria de Medios de Comunicación y Entretenimiento2022-04-27T16:28:27-04:00

Personal Tax

Featured UK
| Mar 04, 2021

The personal allowance is currently £12,500. Budget 2018 announced that the allowance would remain at the same level until 2020/21 and the statutory provision to increase the allowance annually by CPI was to be overridden.

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Personal Tax2021-04-05T13:13:07-04:00

GGI International Tax Practice Group Presentation

Own one or more foreign subsidiaries? Learn more about cross-border tax planning options from our team of experts. Last week, Fernando R. Lopez presented to fellow GGI Members where he provided an update on 2020 Regulatory Developments

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GGI International Tax Practice Group Presentation2021-01-07T17:38:24-05:00

International Tax Planning for Accessing Cash and Reducing US Tax in 2020

Accessing Cash from CFC or non-CFC Foreign Subsidiary. If you have liquidity needs and own one or more foreign subsidiaries, it may be possible to access cash held by the CFC in a tax-efficient manner.

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International Tax Planning for Accessing Cash and Reducing US Tax in 20202021-08-20T14:45:47-04:00
What UK Residents Need to Know When Selling US Property

The Indian Tax Rate Cuts

India has recently cut its corporate tax rates in a bid to revive its stagnant economy. The move has widely been seen as a positive and much needed one and sees the rates cut as follows: Companies that don’t seek exemptions will see their tax rate cut from 30% to 22% before surcharge and cess.

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The Indian Tax Rate Cuts2020-03-06T10:00:09-05:00

US State-to-State Business Travel Compliance and Risks

While organisations often overlook tax-compliance requirements related to business travel, the days of simply traveling to and working in a different state or country for business without a thought to tax liabilities are coming to an end. Looking for additional tax revenue, US state taxing authorities are becoming stricter and more vigilant in monitoring business travel. Extensive time spent on business travel in a country outside the US, or even a different state within the US, could create a PE exposure for the employing entity.

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US State-to-State Business Travel Compliance and Risks2021-08-20T11:10:57-04:00

US Anti-Corruption Laws and Their InternationaI Reach

International Services
| Oct 15, 2019

As long as greed exists, so does corruption. To combat corruption, the US enacted the Foreign Corrupt Practices Act (FCPA). Its provisions prohibit offering, authorizing, or making payments of money or anything of value to influence the decision making of foreign government officials to obtain or retain business.

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US Anti-Corruption Laws and Their InternationaI Reach2020-01-03T13:20:09-05:00

How the Change in US Sales Tax Rules has Impacted International Sellers

On 21 June 2018, the US Supreme Court passed a landmark decision that transformed the landscape of sales tax in the US. The South Dakota vs Wayfair decision effectively permitted states to create new rules for sales ­tax collection requirements based on the dollar or transactions amount of sales - otherwise known as economic nexus. Previously, companies were only required to collect sales tax based on a physical presence test.

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How the Change in US Sales Tax Rules has Impacted International Sellers2019-10-15T14:41:12-04:00

Tax Planning Under the New US Tax Reform

The US Tax Cuts and Jobs Act, passed on 17 December 2017, has dramatically changed the analysis and available strategies for structuring cross-border operations. Meaning, to realise tax optimisation, business owners must be aware of those changes. For example, in addition to a decreased corporate rate from 35% to 21%, and the full expensing of plant and equipment acquisitions, there is a now a reduced effective rate of 13.125% for domestic companies’ income from selling products or services to foreign customers directly or through related parties.

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Tax Planning Under the New US Tax Reform2019-10-31T10:34:20-04:00

Il Fisco Americano terminera’ il programma di Voluntary Disclosure

Partner Andrea Fantozzi, a Director at the Italian Group in the International Department of Prager Metis CPAs, was published in America 24. Click here to read the full article titled: Il Fisco Americano terminera’ il programma di Voluntary Disclosure.

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Il Fisco Americano terminera’ il programma di Voluntary Disclosure2019-03-29T17:04:47-04:00

Fernando R. Lopez and Raymond J. Zomerfeld Published in Worth Magazine

Read the latest article by Partners Fernando R. Lopez and Raymond J. Zomerfeld, published in Worth Magazine.

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Fernando R. Lopez and Raymond J. Zomerfeld Published in Worth Magazine2019-03-30T10:07:45-04:00

Not Just Europe: New EU Data Protection Regulations Can Affect U.S. Businesses

International Services
| Jun 05, 2018

While the European Union (EU) just began active enforcement of a sweeping new data privacy regime, that news generated far less visibility in the United States, largely because many people assume that their business or personal interests are not affected by the change. But reliance on that assumption could result in expensive consequences. The General Data Protection Regulation (GDPR) was approved by the EU Parliament in April after four years of substantive debate and refinements.

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Not Just Europe: New EU Data Protection Regulations Can Affect U.S. Businesses2020-01-03T11:56:17-05:00

Andrea Fantozzi to Present at the Confindustria: UNITED STATES – The Benefits of Tax Reform in the US and the New Policies of American Immigration

Andrea Fantozzi, a Partner and Director at the Italian Desk in the International Department of Prager Metis CPAs, a member of Prager Metis International Group will be speaking at the 1Confindustria. He will introduce to business owners/ CFO and Controllers the opportunities that are available for foreign entities to invest in the US, especially based on the latest tax reform. Dates:

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Andrea Fantozzi to Present at the Confindustria: UNITED STATES – The Benefits of Tax Reform in the US and the New Policies of American Immigration2020-01-02T13:37:40-05:00

Andrea Fantozzi featured in America 24, March2018

Andrea Fantozzi, a Partner and Director at the Italian Desk in the International Department of Prager Metis CPAs, a member of Prager Metis International Group, was featured in Americay 24, in an article titled "La property tax americana: cosa c'è da sapere," — March 4th, 2018.

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Andrea Fantozzi featured in America 24, March20182019-03-29T17:36:55-04:00

US International Tax Reform: Overview of New US Tax Landscape and Planning Opportunities for US and Foreign Companies

Congress bestowed a tremendous holiday gift to the global corporate community in the form of a significantly reduced U. S. corporate tax rate and full expensing of plant and equipment acquisitions that effectively lays out the red carpet to foreign companies. In addition, the tax bill’s shift to a territorial tax regime results in a virtual ban on IRS corporate taxing authority beyond the U.

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US International Tax Reform: Overview of New US Tax Landscape and Planning Opportunities for US and Foreign Companies2019-03-29T17:44:25-04:00

Case Study – Anson and US LLCS Sour Grapes and Solutions

International Services
| Feb 20, 2017

The tax treatment of UK tax residents on income from US Limited Liability Companies (LLCs) continues to be a source of concern for many advisers. The short end of the stick is that providing the income always belonged to the LLC members then HMRC will allow a tax credit against UK tax for any US tax suffered. Of course it’s a bit more complicated than that, and set out below is a bit more detail of the UK Supreme Court's reasoning and judgment.

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Case Study – Anson and US LLCS Sour Grapes and Solutions2020-01-03T09:56:12-05:00