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.
The impact of a strengthening dollar on U.S. manufacturers is uncertain, but waiting to see what happens will likely create challenges.
Mexico issues provisions protecting US companies with shelter maquiladora contracts from permanent establishment taxation.
Half of U.S. manufacturers surveyed plan to increase their volume of international business or launch new global initiatives.
Manufacturers must understand how changes in markets, countries and regulations may create new opportunities or risks.
A multinational effort will lead to the biggest changes in international tax in decades.
Considering that 95 percent of the world’s population resides outside the United States, exporting is a common-sense idea.
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