Global businesses cannot afford to focus on one jurisdiction. They must take a holistic view in optimizing their global tax footprint, and aligning the company’s tax strategy to the business is critical.
Weaver’s international tax team offers a range of accounting services and support to businesses and individuals to help maximize the benefits of overseas operations and investments.
To meet the needs of global business growth, Weaver’s professionals are highly engaged in our independent affiliate networks which offer access to a coalition of knowledge and experience via extensive connections in the Americas, Europe, the Middle East, India and the Asia Pacific Regions. They provide Weaver with access to a full portfolio of services and resources for global companies and enable local service delivery where our clients do business.
Our foreign tax services include:
Global Tax Compliance
For multinational businesses subject to reporting obligations in a number of countries, navigating the tax laws and regulations of foreign jurisdictions can be burdensome, time consuming, and full of complexities. With Weaver, businesses can expect a one stop shop for their global tax reporting and computations. In addition to income tax, these services include indirect taxes such as VAT, GST, and sales and use taxes.
Credits and Incentives
Businesses operating in foreign jurisdictions may be eligible for numerous tax incentives and credits for doing business in a particular country or region. Weaver does the heavy lifting for your organization by identifying credits and incentives that may apply to your business.
Global Tax Planning and Supply Chain Alignment
A global tax-efficient structure requires a holistic view of all jurisdictions. Weaver assists multinational businesses with developing a global tax strategy that is aligned with your business. At Weaver, we know that having a flexible strategy is important as the supply chain may change over the life cycle of the business. In developing a tax planning strategy, Weaver relies on quantitative services which includes modeling out scenarios based on real facts and numbers.
Global Tax Controversy
Global tax authorities have increased their focus on multinational organizations. Weaver can assist businesses with resolving an identified controversy or reduce future risk through global tax controversy representation and resolution, penalty prevention and abatement and pre-filing review of tax returns to evaluate potential risk areas.
Transfer pricing analysis can help prevent multinational businesses from setting prices that result in higher global taxes and ensure that profits from transactions between a U.S. business and its foreign subsidiary/parent are fairly priced (i.e., arm’s length) and taxed reflective of the relative risks and functions of each entity. These transactions can include the purchase or sale of tangible goods, services, and the licensing of technology or intangible assets such as know-how, trademarks, copyrights, and patents. Many countries now have transfer pricing regulations. Weaver can assist businesses with selecting intercompany pricing that meets commercial needs and conforms to both U.S. and foreign transfer pricing requirements by leveraging our foreign affiliate network.
Our participation in global affiliate networks provide Weaver with access to a full portfolio of services and resources for global companies and enable local service delivery where our clients do business. Weaver’s global reach includes access to a coalition of knowledge and experience via extensive connections in the Americas, Europe, Middle East, India and the Asia Pacific Regions.
Cross Border Payments
Multinational businesses generally engage in cross border transactions. Weaver can assist these businesses with evaluating the tax treatment of these payments, including the applicability of an income tax treaty, which in some cases could exempt or reduce the amount of tax.