What Options are available for International Business Tax Planning?
We assist clients doing business in a foreign country who desire to “repatriate” or bring back to the United States the earnings of their business enterprise, by designing a flow-through system that can best utilize foreign tax credits. If the client is more inclined to leave the earnings offshore, for reasons of creditor protection, diversification or otherwise, there are a number of techniques that can also significantly reduce all taxes. Examples are insurance companies, particularly those of a “captive” nature formed in accordance with 501(c)(15). Self-directed annuities are another example. It is also possible to achieve other significant tax advantages on income earned outside the United States.
