GLOBAL TAX PROJECTS
GLOBAL TAX PROJECTS
Tax policy and tax enforcement are constantly evolving. Economic and political pressures often lead to changes in tax policy and tax administration that impact markets, businesses, and customers. Tax has become increasingly interconnected and tax changes in one jurisdiction can now trigger changes across the globe.
Conducting business around the globe can give your company incredible opportunities to grow, but it also creates a greater need for effective financial oversight. Operating a multinational business can lead to a variety of financial concerns, from maintaining global tax compliance and understanding foreign exchange controls to minimizing tax burdens and improving internal cash flow. No matter how complex the international economic landscape may seem, there’s no need for your company to navigate these matters alone.
Cross Border Transaction
Lighthouse Business & Tax Solutions provides the tax, accounting, and advisory services your organization needs for efficient international growth. Whether you manage a multinational organization with offices in several countries, a United States-based business with sales around the world, or a company with inbound sales and investment into the U.S., our advisors guide you through each step of the worldwide tax planning process. No matter your industry, our advisors strive to ensure your company achieves the lowest global effective rate to support profitable growth.
Our experienced advisors work with clients in several countries around the world and speak your language, too. Our consulting team speaks more than 25 languages, making communication accurate and effective no matter where your company does business.
Global Tax Policy and Controversy
Lighthouse Business & Tax Solutions, Global Tax policy and controversy teams can help you navigate this interconnected environment. We provide an “over the horizon” view of future tax policy developments and support engagement with tax policymakers around the world. Should disagreements arise, we provide an essential bridge between the tax authorities and the company and support implementation of a globally integrated approach to tax controversy management.
Countries are working together on the development and adoption of new policies for the taxation of cross-border businesses. Governments are collecting and sharing more taxpayer information. The result is that tax controversy is evolving from two-sided disputes in specific countries into a multidimensional, multi-country dynamic.
Companies must act so that their people, policies, and systems are keeping pace. Businesses need to understand tax policy trends and anticipate the direction of future developments to be able to integrate these considerations into tax and business planning.
Transfer Pricing Project
Intercompany transactions make up approximately 30% percent of all the world’s trade. Transfer pricing has become one of the biggest tax planning challenges multinational corporations face today. As global companies continue to search for ways to increase profitability, many look to minimize their overall tax liability by operating in countries with lower tax rates.
To mitigate the loss of tax revenue, these countries introduce transfer price adjustments. If a company restructures its worldwide operations without considering these variables, they could face significant penalties and double taxation.
Lighthouse cross border consultants assist multinational businesses to implement transfer pricing requirements using the OECD regulatory framework for judicial interpretation of their own transfer pricing statutes.
Design and structure project that is intended to understand the following key points of the controlled legal entities:
• Principal business activities and functions
• Key Corporate Assets
• Employees
• Corporate history, external structure & structural changes
• Corporate financial information, debt structure, financial outlook & performance
• Analyze competitors, trading partners and the industry trend of the legal entity
• Analyze market share of the competitors and the legal entity
TADAT Assessment Project
Assisting developing nations in an informal setting to assess the strength and weaknesses of their Tax Administration, using the framework of Tax Administrative Diagnostic Assessment Tool (TADAT) to assess the following areas. A TADAT assessment provides a baseline that informs country authorities on areas in need of improvement so that they can prioritize, plan and sequence responses/interventions.
The TADAT Assessment:
Identify the relative strengths and weaknesses in systems, processes, and institutions.
Create a shared view on the condition of the system among all stakeholders (e.g., country authorities, international organizations, donor countries, and technical assistance providers).
Set the reform agenda, including reform objectives, priorities, initiatives, and implementation sequencing.
Facilitate coordination of external support for reforms and achieving more efficient implementation.
Monitor and Evaluate reform progress by way of subsequent repeat assessments.
