With an unprecedented amount of global indirect tax reform, broadening of global tax bases, and increases in standard tax rates occurring around the world, US multinationals are required to devote greater attention to indirect taxes--including value added taxes (VAT) and sales and use taxes. More than 140 countries have adopted a value added tax (VAT) type regime, also referred to as goods and services taxes (GST) or consumption taxes. With an average rate approaching 20 percent, these taxes represent a significant amount of working capital for US multinationals. Combined with state and local sales and use taxes and federal excise taxes, these indirect taxes can pose significant risk and cash management challenges.
PwC can help. PwC’s Indirect Tax Services team comprises a network of professionals from around the world who specialize in VAT, GST, sales and use taxes, federal excise taxes, telecommunications taxes, and other transaction taxes. Supported by more than 1,900 professionals in local countries as well as members of PwC’s International Tax Services and Transfer Pricing practices, the team provides US-based companies with the global experience required to address our client’s global needs.
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