20211102 US Tax System and Commonly Encountered US Tax Issues and Traps for the Unwary
With the US being such a large market for consumers and business to business transactions, many non-US companies and businesses continue to enter the US to pursue these opportunities. Navigating the US tax system for any non-US company or business can be challenge. The US tax system is notoriously complicated, and it can be especially harsh to those who are unwary as there are many “traps” that could subject them to US tax and/or tax filing obligations. However, having a good understanding of the US tax system and being aware of the potential US tax issues that may arise from doing the intended business will help avoid those “traps” and mitigate the risk of adverse US tax consequences.
In this session, join us as we talk about the US tax system and some of those common US tax issues and “traps” encountered by non-US companies doing businesses in connection with the US market. We will touch upon the overview of the US tax system including US federal, state and local income tax and non-income tax that would be relevant to the non-US businesses. Some of the US tax issues that we will discuss in the session include remote sales to US customers, unexpected US trade or business where employees work from home in the US, and typical M&A and restructuring related situations.