The latest United Kingdom budget shows that the corporate tax rate in Britain will be cut by an additional one percent to 20 percent by April 2015. This is in stark contrast to the previous 28 percent rate which was in effect three years ago in 2010.
This week in international business, we look at intellectual property: the saga continues between Apple and Samsung with no signs of ending any time soon, the Senate and the House both take a crack at patent reform, and a patent office opens in the Silicon Valley.
I will be speaking in an upcoming Strafford live webinar, “Subpart F Income Taxation: Latest Compliance Developments” scheduled for Wednesday, December 18, 1:00pm-2:50pm EST.
Offshore and domestic businesses may want to maximize U.S. income tax benefits through the end of 2013 by taking advantage of one particular tax incentive which is scheduled to expire at the end of 2013: bonus depreciation.
This week in international business news, we discuss Twitter’s lack of patents and implications on its IPO, Hewlett-Packard seeking buyer for its mobile-computing patents, and Mattel suffers a loss in its trademark battle with Zynga over “Scrabble with Friends” in the U.K.
With the July 1, 2014 implementation date for Foreign Account Tax Compliance Act (FATCA) withholding on the horizon, investors and companies may be pleased to know that Congress has created a “grandfather” rule. The “grandfather” rule allows an exemption from the FATCA requirements for certain payments under preexisting instruments which, by definition, are outstanding on July 1, 2014. As such, the rule essentially provides that these grandfathered obligations are not subject to FATCA withholding. Read the rest of this entry »
This week in the REWIND of international business news, we cover the J.P. Morgan settlement for reckless trading, the decision by Supreme Court on suit against Nokia for patent royalties, and Samsung’s efforts to get import ban vetoed.