Cross Border Taxation

If you are a multinational company, or a company considering expansion overseas, it is essential that you have a tax strategy that puts your business in the most advantageous position for growth.

At Lumsden McCormick, we understand that international trade changes at lightning speed, making it a challenge for any business owner to keep up with compliance requirements. From assisting Canadian corporations conduct business in the U.S. to helping U.S. companies with foreign subsidiaries, our tax team works to navigate international tax laws and regulations.

As the U.S. moves from a worldwide tax system to a territorial tax system, it will be even more critical to understand the impact of cross-border transactions as part of your overall tax strategy. Our international tax experts have experience with operations throughout Canada, Europe, Asia, the Middle East, and South America.

Working to Reduce Your Tax Burden. Keeping You in Compliance.

Our International Tax Team will work with you to reduce your tax burden, manage risk, and keep you in compliance with the requirements of cross-border transactions. We will also work proactively to help you avoid penalties associated with foreign accounts and ensure that all international tax regulations are factored into your overall international tax strategy.

For more than 15 years we have used our internal resources and membership in the BDO Alliance USA to help individuals and businesses maintain compliance and work through the many issues of conducting business across multiple time zones. You can count on us for integrated global tax strategies that help you build sustainable growth while reducing your exposure to risk.

Our specialties include:

Transfer Pricing

We will work with you to identify transfer pricing risk areas and ensure compliance with complex regulations and documentation requirements.

IC-DISCs, Export Subsidies, and Incentives

The goal is to realize substantial tax savings by forming an IC-DISC, a highly effective tax strategy for companies that export from the U.S.

Multistate Taxation and Nexus

Each state in the U.S. has different regulations, and businesses are generally subject to state income and sales taxes if they maintain a presence or “nexus” in that state. We will work with you to determine where you have nexus (including economic nexus triggered by online sales) and the impact on income and sales taxes.

Residency and other treaty-based issues

We prepare tax returns for those who live and work in the U.S. as well as for U.S. citizens living and working abroad who may benefit from voluntary disclosure.

Repatriation of profits/transition tax

Our extensive knowledge of international tax agreements can assist to maximize profits through the use of royalty and cost-sharing agreements, management fee charges, and other strategies.

Entity Structure

We assist clients to determine the right structure to reduce their worldwide tax liability and provide flexibility for future needs.

Additional services

• Base Erosion and Anti-Abuse Tax (BEAT)
• Foreign Tax Credit Planning
• Global Intangible Low-Taxed Income (GILTI)
• Inpatriate/Expatriate Tax Services
• Report of Foreign Bank and Financial Accounts (FBAR) Consulting
• Tax Treaties
• The Foreign Account Tax Compliance Act (FATCA)

For more information about cross-border tax planning and consulting services from Lumsden McCormick, contact Mark Janulewicz or complete the form below.