Helen Cox and Gemma Grunewald (Fladgate) explain how businesses can expand overseas in a tax-efficient manner.
As the success and profitability of a UK based business grows business owners might consider expanding overseas to grow their customer base and sales. Other businesses may look to establish an international business from the outset. Although international growth can open the doors for further expansion it carries significant tax implications. Importantly a UK company will want to avoid sacrificing increased profits from offshore trading to double taxation.
This article considers some of the key tax issues a UK company should consider when seeking to expand its operations overseas.
Where should the business set up operations?
Non-tax factors are often the driving force behind choosing the jurisdiction in which to operate. Such factors include: the location of customers and suppliers of the business; the existence of competitors;...
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Helen Cox and Gemma Grunewald (Fladgate) explain how businesses can expand overseas in a tax-efficient manner.
As the success and profitability of a UK based business grows business owners might consider expanding overseas to grow their customer base and sales. Other businesses may look to establish an international business from the outset. Although international growth can open the doors for further expansion it carries significant tax implications. Importantly a UK company will want to avoid sacrificing increased profits from offshore trading to double taxation.
This article considers some of the key tax issues a UK company should consider when seeking to expand its operations overseas.
Where should the business set up operations?
Non-tax factors are often the driving force behind choosing the jurisdiction in which to operate. Such factors include: the location of customers and suppliers of the business; the existence of competitors;...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
