Many U.S. manufacturers are taking advantage of the strength of the U.S. dollar and are looking outside of the country to extend their client reach as well as to source materials and commodities in new and existing markets. But the challenges of international taxation, business culture assimilation and regulatory issues can be significant.
Despite higher perceived risks, non-U.S. manufacturers plan to embrace an increasingly global mindset. U.S. companies should be bracing themselves.
A multinational effort will lead to the biggest changes in international tax in decades.
The passage of the Foreign Account Tax Compliance Act will affect virtually every U.S. company that transacts business with non-U.S. customers.
Considering that 95 percent of the world’s population resides outside the United States, exporting is a common-sense idea.
Expectations are not quite as high as they were a year ago. Yet industry executives remain positive and anticipate healthy profits to come.
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