U.S. International and European Union Tax Update

Tuesday 5 February, 2008

I attended this event on 24 January, sponsored by True Partners Consulting The presentation is attached below. Here are a few notes:

Transfer pricing is of strategic importance to the IRS & will be an emphasis in the future.

We need limitations on benefits articles of tax treaties to prevent people from “treaty shopping.”

Despite our reduction in the corporate tax rate from 35% down to 30.5%, we still now have the 2nd highest tax rate only after Japan.

A visitor from France, Herve Bidaud of Artem Tax International, made a presentation on recent changes in French taxation, whose presentation is included as well. Notably, SarBox costs allocated to French subsidiaries it not deductible until the income is distributed, & R&D tax credits of 30% are available up to 100M.

I’m not an international tax expert, but True Partners can help you where I can’t.



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