Multinational businesses, investors, and families have special tax challenges and risks, whether based inside or outside of the United States or the United Kingdom. It is often difficult for these persons to understand the complexities of foreign tax regulations and practices that pertain to their particular situation. At Prager Metis we have expert knowledge of the regulations and issues related to multi-jurisdictional transactions.
At Prager Metis when we say we speak the language of cross-border transactions, we really mean it. In addition to having offices in the United States, Europe, and Asia, we have multilingual partners and managers who have lived and worked abroad. We travel overseas extensively and are not just another voice on the phone. Members of our International team frequently speak on US and international tax matters in the United States, Europe, Asia and the world.
Jerry Eitel, CPA, Chief Metaverse Officer of Prager Metis, was recently quoted in CBS News’ “Virtual land rush is driving up the cost of space in the metaverse.”
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?
The digitization of the media and entertainment industry has transformed most aspects of its global supply chain, from the creation and acquisition of content to processing, editing, and global distribution. In addition to dramatically eroding the constraints of distance, time, and transaction costs, the digitized supply chain provides the opportun
There are many reasons why just about any company outside the United States would want to enter the U.S. market. For example, the U.S. has a predictable and transparent legal system. In addition, the U.S. government welcomes foreign direct investment. And to attract overseas investors, many U.S. states and local governments offer incentives and support innovative and collaborative initiatives.
Client with a U.S. entertainment company needed assistance with cross-border acquisition planning of foreign entertainment group with several operating companies that owned valuable intellectual property rights and were involved in sales and licensing.
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