Emerging markets in Asia, Latin America and Central Europe are increasingly attracting small and midsize U.S. companies interested in doing business abroad. Find out how these companies can best deal with the three challenges they're most likely to encounter: taxes, fraud and talent recruitment.
Companies including Google, Amazon and Facebook collect a vast amount of data on users worldwide, much of which they use to create revenue-earning targeted advertising, but they pay little, if any, tax in France. The government is floating the idea of taxing data collection, according to a report.
The Internal Revenue Service is becoming more aggressive in monitoring and enforcement regarding foreign assets held by individuals subject to U.S. tax. One step is Form 8938, which has generated much confusion and controversy since its launch in 2010.
The end of 2012 could mean the end of the current low-income and capital-gains tax rates and the reduction of the $5 million estate and gift tax exemption to $1 million, among many other scheduled tax changes. Now is the time for clients to be planning for 2013. Here's a handy checklist of tax issues clients should be thinking about now.