International Tax Planning
Each jurisdiction has its own laws regarding taxation. Each jurisdiction has politicians who strive to “close loopholes” and “catch tax evaders.” The first problem with closing loopholes is that the politicians wrote the loopholes in the first place. The second problem is that each jurisdiction adopts its own unique approach to closing them. The third problem is that this important work is left to the politicians.
The result of all this is that an International Tax Attorney can advise you as to methods that will comply with all international laws while minimizing your tax burden. This is not tax evasion, but legal tax avoidance. Remember that the politicians wrote the loopholes to encourage economic behavior.
A careful International Tax Attorney must first understand the transaction that the client wants to engage in. Following that, a review of domestic law, including international tax treaties, will be made. Next, colleagues in the relevant jurisdictions must be engaged to develop the analysis and confirm the conclusions.
Sometimes, as was the case with the development of Limited Liability Company (LLC) law, the government writes a regulation to narrowly define one type of transaction. By using the negative of that analysis, the government has now expanded the definition of its opposite. What opportunities does that expanded definition create in other jurisdictions? This is the type of analysis which an International Tax Attorney is prepared to provide.
©2014 David B. Foltz, Esq.
The result of all this is that an International Tax Attorney can advise you as to methods that will comply with all international laws while minimizing your tax burden. This is not tax evasion, but legal tax avoidance. Remember that the politicians wrote the loopholes to encourage economic behavior.
A careful International Tax Attorney must first understand the transaction that the client wants to engage in. Following that, a review of domestic law, including international tax treaties, will be made. Next, colleagues in the relevant jurisdictions must be engaged to develop the analysis and confirm the conclusions.
Sometimes, as was the case with the development of Limited Liability Company (LLC) law, the government writes a regulation to narrowly define one type of transaction. By using the negative of that analysis, the government has now expanded the definition of its opposite. What opportunities does that expanded definition create in other jurisdictions? This is the type of analysis which an International Tax Attorney is prepared to provide.
©2014 David B. Foltz, Esq.