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Ensure that your Company pays the Least International Tax Possible
Did you know that most of the Fortune 500 Companies pay a fraction of the tax paid by smaller limited liability companies? ‘Tax treaty’ shopping, tax ‘loopholes’ and tax competition/concessions allow such companies to arrange their affairs in such a manner that they end up with a very low tax burden compared to that of totally indigenous United States and United Kingdom companies. Further, it would be a mistake to think that such activities take place without the knowledge of the US Internal Revenue Service or the UK Inland Revenue. In fact, quite the opposite, as there are many instances of countries where there are high corporate taxes deliberately creating, or at least turning a ‘blind eye’, to various loopholes primarily with a view to affording their multi-national companies trading advantages on the world stage. In the case of the United States, the IRS has long turned a blind eye to its larger companies using captive insurance companies as a method of mitigating tax or favourably treating investment repatriations from countries such as the favoured Republic of Ireland. There is also a direct correlation between the sophistication of a country’s tax treaty network and its economic development witness countries such as the Netherlands, Switzerland, Luxembourg and Ireland. The objective of the SCF Group is to offer and exploit the numerous tax concessions available to those investing or trading abroad to Small to Medium sized businesses at rates a fraction of those charged by the international accountancy firms. For more information please contact us today!
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