In light of tax reform changes, tax jurisdictions in the United States and around the world are adapting to regulations with increased complexity, enforcement, and penalties.
PwC’s Private Company Services (PCS) US tax professionals in collaboration with the Washington National Tax Services team work together to provide advice on regulatory matters affecting you and your business. Together we can help you understand your tax issues, mitigate risk, and achieve your short- and long-term goals.
The decision is not clear-cut. Each pass-through will have its own tax profile, as well as related business considerations to address. The new law includes various, interrelated provisions that make this analysis fact-specific and difficult to tackle. Modeling will be required to understand the impact and should be flexible to enable adjustments as more guidance is released.
Since its inception, a cosmetics manufacturer based in the US had imported key ingredients from China to create its makeup and other cosmetic products. After about 15 years in business, the company decided to shift manufacturing overseas as well, and subsequently established, for the first time, a production facility in China.