The new GILTI tax on foreign business income explained

new GILTI tax foreign business income

The Tax Cuts and Jobs Act of 2017 made significant changes to the taxation of businesses. The new tax law brought not only an end of tax deferral for foreign companies. It also introduced a new tax on any new foreign income that international companies earn, the GILTI tax (pronounced … Read More

7 Costly mistakes to avoid when setting up a business abroad

common mistakes setting up business abroad offshore structuring

Setting up a business abroad in the right way can save you significant money, among other benefits. However, we often see entrepreneurs making the same costly mistakes when going offshore. Here we share a list of seven common mistakes, so you know what to watch out for. 1. Choosing the … Read More