International Tax Consultant : What Do They Do?

Bruce Markey

Visitors: 67

If you own and/or operate an international business, it is important for you to work with an international tax consultant. By doing so, you will ensure that your business runs smoothly, not only in your home country, but also within every country in which it operates. Don’t leave your taxes up to chance with individuals who do not understand the inner workings of international law and taxation.

What is International Taxation?

By choosing to work with an international tax consultant, you will ensure that your taxes are done properly, taking into account the laws and practices in place within every country that your business operates. Tax laws differ between countries, making it difficult for many companies to navigate a world that no longer contains clear and defined borders. Although technological advances are making communication and business easier, there are many issues that one may encounter as a result of running a company that spans several countries. These international taxation issues especially cannot be taken lightly; failure to exercise precaution when dealing with such problems may result in the IRS or other federal tax agencies becoming involved. It is an unnecessary risk to take. You potentially damage your business by failing to understand tax processes, not only within the country that the business originates, but also within any country in which it operates.

How International Tax Consultants Help Your Business Succeed

International tax consultants can help a wide range of businesses, multinational corporations, lawyers, and accountants decrease their global tax liabilities. By understanding exactly how income is taxed across several individual nations, these tax consultants ensure that all of your books are in order from the very beginning. They also understand how to access any available tax reductions or foreign credit aids that exist in each of the countries in question, which ultimately assists in keeping tax costs down for your international business. Your average accountant has no way of knowing the ins and outs of each country’s taxation process, which is why it is crucial that, as the owner of a multinational corporation, you seek the advice of a highly specialized individual.

International Taxation Issues to Avoid

By failing to enlist the help of these trained and skilled individuals, your business may become involved in one of the many possible taxation issues that befall those who do not work with international tax consultants. The most common issues to arise often involve double taxation or no taxation on the income of a multinational corporation. There are many differences in international law, as well as global differences in governments. These and other issues come about simply because each country has a vastly different approach to corporate taxation. Extensive and precise tax planning is required to remain compliant and maximize your tax efficiency by lowering your business’s overall tax rate.

As someone in charge of an international business, there are many other important issues that require your time and energy. Do not let the stress of international taxation take up too much of your time, when there are skilled professionals that will do the work for you. International tax consultants can put an end to your worries regarding taxation before they even arise.

Esquire Group, a boutique international tax consultancy firm specializing in tax consulting ( ), tax planning and compliance and helping corporate and individual taxpayers with Offshore Voluntary Disclosure Program, asset protection, and US expat taxes. To learn more about us, visit EsquireGroup/about.


Article Source:

Rate this Article: 
One Consultant Does Not Fit All: Hiring the Right Consultant
Rated 4 / 5
based on 5 votes

Related Articles:

Arbonne International Consultant - How to Become a 6-Figure Arbonne Consultant

by: Tony Bernard (November 24, 2008) 
(Home Based Business)

Fiscal Deity: Tax Consultant

by: Jan Verhoeff (August 18, 2005) 

Microsoft Great Plains 8.0 Brazilian Version - Overview For International ..

by: Andrew Karasev (March 24, 2005) 
(Computers and Technology/Software)

Microsoft Great Plains international implementation - USA / Mexico - overview ..

by: Andrew Karasev (May 02, 2005) 
(Computers and Technology/Software)

International Tax Attorney

by: Jeremy Walters (February 25, 2011) 

SEO Consultant - Is It Vital To Hire a Search Engine Optimization Consultant?

by: Serge Daudelin (April 15, 2007) 
(Internet and Businesses Online)

Tax Planning For Tax Payers - Mutual Funds Tax Saving Schemes Key To Tax Saving

by: Dipendra Nathawat (January 31, 2008) 

Converting Tax-Deferred Retirement Plans to Life Insurance to Save Income Tax ..

by: Alan D Campbell (February 27, 2006) 
(Finance/Estate Plan Trusts)

Tax 8 Tax Planning Strategies For Australian Taxpayers to Save Tax in 2008

by: Cathy Edwards (June 16, 2008) 

One Consultant Does Not Fit All: Hiring the Right Consultant

by: Beth Silver (December 14, 2005) 
(Business/Careers Employment)