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Recent International Business Developments Generate Cautious Optimism for Some

Several recent international business developments generate cautious optimism for some San Diego business owners.  While we await the work the US Congress intends to do on corporate taxes and transfer pricing issues, news out of Mexico today regarding a historic memorandum between the Mexican Senate and the San Diego Regional...

Hold On as Washington Turns its Focus to a US Corporate Tax Overhaul

The Wall Street Journal (WSJ) noted today that the focus in Washington will now turn to a tax overhaul.  How will the various parties in the capital focus on US corporate tax overhaul and will a border tax become reality?  How will this impact your business?  According to the WSJ...

IRS Large Business and International Division Targeting TEFRA Violations

The IRS Large Business and International Division (LB&I) will be targeting TEFRA violations in partnerships based upon recent changes in partnership related tax law.  TEFRA (The Tax Equity and Fiscal Responsibility Act of 1982) regulations applying to partnerships created a set of consolidated IRS audit (examination), processing and judicial procedures which...

IRS Focusing on Transfer Pricing and Offshore Earnings says Wall Street Journal

In a recent article the Wall Street Journal warned that the IRS had released information about 13 "campaigns" to target high-value tax returns for IRS audit.  The IRS intends to focus upon  and international businesses transfer pricing and offshore earnings and the compliance with IRS FBAR reporting and offshore account...

How will International Business Change in the Coming Months?

The question of the hour for many multi-national conglomerates and San Diego businesses with international distribution and supply channels is "How will international business change in the coming months?"  The answer is surrounded in a cloud of Washington posturing and floated proposals.  One thing seems certain: The United States Government...