The White House has released an unpublished U.S. Department of Treasury report on proper` international tax planning that the Government either cannot stop or wants to keep for Big Business.
While this report was written more than a decade ago, the tax law remains unchanged. You can use these same sophisticated loopholes for your international business.
If you want to brainstorm your tax ideas, then please call me, Brian Dooley, CPA, MBT for a free one-hour brainstorming consulting, at 949-939-3414. To get your free copy of this report as a PDF file, please click on this link.
This report provides examples of sophisticated tax planning. It also provides the authorities that allow this tax planning to be legal. You may wonder why Congress does not close these loopholes. They have known about them for decades. You may ask yourself if these loopholes are going to end.
You may wonder why Government does not close these loopholes. They have known about them for decades. You may ask yourself if these loopholes are going to end.
They are legal and as President John Kennedy stated we each have a patriotic duty to pay the least in taxes so that we have more to invest. Jobs are created by a business investing capital to grow.
As I said, this report is for your tax CPA. If is full of tax jargon. For the business owner, I recommend my book, International Taxation in America for the Entrepreneur. Get the first three chapters for free on this link. Amazon has the book on sale for $9.50.