PKF Texas: The Entrepreneur’s Playbook® - International Taxes

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Greg Price
Episode: 346
January 21, 2012

Summary:

Are you expanding overseas? Greg Price visits with Rafael Carsalade to discuss international tax.

Video and Full Interview Text

Greg: This is PKF Texas, and another edition of the Entrepreneur's Playbook. I'm Greg Price, director of Consulting Solutions, and I'm here with Rafael Carsalade, a tax director at PKF Texas. Rafael, welcome to the Playbook.

Rafael: Thank you for having me here, Greg.

Greg: So, Rafael, you specialize in international tax. So if someone's getting ready to business overseas, are there any issues or pitfalls one needs to be aware of?

Rafael: One common is to make sure not creating a taxable presence for yourself in the foreign country which you're doing business with.

Greg: Wow. How does that happen?

Rafael: It can happen fairly easily if you spend too much time in the country, or maybe even if you just have some goods store in there for a temporary amount of time, for example.

Greg: So, Rafael, if you accidentally have this happen to you, what are kind of your options to deal with this?

Rafael: Well, there are two different categories of issue. One is whether the country you're dealing with has a tax treaty with the US, and the other is countries that don't have a tax treaty with the US.

Greg: Well, I can see, Rafael, this is a very important topic. Would you come back next week, and we'll talk about this some more?

Rafael: Absolutely.

Greg: Fantastic. So we're gonna have Rafael back for another segment on international tax. This has been a Thought Leader production, brought to you by PKF Texas, the Entrepreneur's Playbook. Tune in next week for another chapter. And remember, if you're doing business internationally, give PKF Texas a call.