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International Tidbit


Introduction to International Tidbits

Starting with our January issue, this monthly feature called "International Tidbits" will be authored by UHY Advisors’ Tax Professionals, whose focus includes international tax planning and compliance.

This first tidbit focuses on the worldwide network of more than 200 offices in over 75 countries known collectively as UHY. Click here to visit their website. Each country has published a guide on doing business, including the basic information on the taxes in the country and how they impact foreign investors.  These guides are available online as pdf documents that can also be downloaded here and saved to your computer.  In addition, each member firm has a profile on the site with a list of contact information and link to its own website detailing the services it offers.
 
UHY International publishes "International Business" online and focuses on developments around the globe of interest to businesses with cross-border investments.  Recent features have included an update on African trade blocs, investment in emerging markets, combatting fraud in an economic downturn, transfer pricing, and tax treaties.  Click here to access this publication online.
 
The Tax Special Interest Group of UHY International publishes the Global Transfer Pricing Guide which summarizes the rules for each country, including permissible methodologies for determining arm's length pricing, key differences from OECD transfer pricing guidelines, and the documentation that taxpayers are required to maintain.
 
UHY Advisors takes an active role in UHY at the international level, including providing the Chair for the Tax Special Interest Group and encouraging the sharing of tax information and updates throughout the worldwide network.

 
Click the links below to view past articles:

Jun15 6/15/2010 10:43:00 AM by Meril Markley

June 30 is just around the corner, so it's a good time to consider the FBAR (Treasury Department form TD F 90-22.1 Report of Foreign Bank and Financial Accounts) and review some of the changes made for the 2009 Report.
 

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Jun1 6/1/2010 10:52:00 AM by Meril Markley

On May 20-22, UHY held its Europe/Middle East/Africa Regional meeting hosted by UHY HB Ekonom (Split) and UHY Rudan (Zagreb) at a conference center near Split, Croatia.  The meeting was the opportunity for close to 60% of the member firms in UHY's network of 76 countries to convene and share ideas, including tax planning opportunities.
 

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May9 5/9/2010 11:18:00 AM by Meril Markley

One of the Tier One issues for IRS examinations of U.S. companies is whether those companies are reporting properly their transactions with foreign companies and individuals.

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May4 5/4/2010 10:57:00 AM by Meril Markley

In the 14th century on the outskirts of the southern French city of Toulouse, investors joined together and created the first companies offering limited liability to shareholders interested in pooling their capital and sharing the risks of undertaking large infrastructure projects. 

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Aug25 8/25/2009 11:24:00 AM by Meril Markley

What is the FBAR and why is it getting so much attention? U.S. persons (including individuals and legal entities) have long been required to file Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts, commonly known as "FBAR," by June 30 each year to report a financial interest in foreign bank and financial accounts whose aggregate value exceeded $10,000 in the prior calendar year, even if the person had no income from the accounts.
 

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