The globalization of companies has increased over the years to the point where companies are focusing on restructuring their existing businesses to keep up with the change in the business environment. Businesses must keep pace with globalization so as to remain competitive and survive. In order to do this, companies need to address their business needs and objectives in a tax-efficient manner. However, the accelerating pace of tax, legislative and regulatory developments throughout the world is having a profound impact on multinational businesses' ability to maintain their competitive edge.
As a result of globalization, Japan continues to experience a substantial inflow of foreign investments, and this is particularly evident with most of the listed companies in Japan. However, companies are increasing by challenged by the complexities of different tax jurisdictions as they expand on a global basis. The complexities and far reaching aspects of the Japanese tax system coupled with the relatively high effective tax rate have forced multinational companies to look for opportunities to efficiently manage their Japanese businesses while still ensuring that their structure’s global tax rate remains competitive.
With such a dynamic business environment, it is critical that foreign and Japanese companies recognized the importance of proper tax planning as a key management strategy beyond the range of mere tax saving measures. PricewaterhouseCoopers (PwC) is experienced in addressing these developments as well as all aspects of international taxation. We help multinational businesses achieve their business goals in a tax efficient manner, both locally and globally.
Understanding the tax impact on business operations and transactions in multiple jurisdictions is vital to a company's survival. Our tax professionals can assist companies:
In particular, we can provide the following services: