Robert Langston outlines the tax issues faced by a UK company undertaking activities in the US
This practice guide outlines the tax issues faced by a UK company undertaking activities in the US. The US tax system is sophisticated and (rightfully) considered to be complex. Tax rates are typically higher than in the UK and withholding taxes apply to most cross-border transactions. It is often important to ensure that the UK/US double tax treaty applies. From a tax perspective investing into the US can therefore be difficult and expensive.
Overview of US tax system
The US federal tax rules are set out in legislation but this is supplemented by a significant number of regulations.
Trading profits are subject to US federal tax if they are effectively connected income (ECI) ...
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Robert Langston outlines the tax issues faced by a UK company undertaking activities in the US
This practice guide outlines the tax issues faced by a UK company undertaking activities in the US. The US tax system is sophisticated and (rightfully) considered to be complex. Tax rates are typically higher than in the UK and withholding taxes apply to most cross-border transactions. It is often important to ensure that the UK/US double tax treaty applies. From a tax perspective investing into the US can therefore be difficult and expensive.
Overview of US tax system
The US federal tax rules are set out in legislation but this is supplemented by a significant number of regulations.
Trading profits are subject to US federal tax if they are effectively connected income (ECI) ...
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:
