Tax Planning and Structuring

Tax Planning & Structuring International Attorneys You Can Depend On

Tax planning and restructuring should be a top priority for any individual or legal entity with financial and business interests. Tax planning and restructuring can consist of starting, merging, acquiring or reorganizing a business, buying or selling real estate, investing in, selling or trading stocks, repatriating foreign sourced income, planning for retirement or inheritance, and even just navigating local (municipal) tax laws.

Tax attorneys – like those at THEVOZ Attorneys understand why tax laws are written and how they fit in to the larger systems in which individuals and entities conduct business, manage their financial assets, share or trade financial resources, develop or invest in economic activity, and plan for their financial futures.

The knowledgeable international tax planning and structuring attorneys of THEVOZ Attorneys are capable of handling these functions both in Europe and in the United States of America. Our team of attorneys has a wide range of experiences and legal backgrounds, making us an adept law firm that can work efficiently in the international context.

Contact us today at THEVOZ Attorneys for a consultation on your tax planning and structuring project or issue. Our experienced tax attorneys are ready to assist you.

About Tax Planning & Structuring

When it comes to revenue, income, and profits — in other words, financial and business interests of any sort — tax planning and restructuring is crucial to avoid legal trouble. It is just as important, however, to ensure that tax laws benefit and work to the advantage of the individual or corporation.

To help you better understand why contacting a tax attorney regarding your tax planning and structuring project is the best choice to make, here are some of the ways that tax laws can intersect with your financial and business interests.

Starting, merging, acquiring or reorganizing a business

The vast majority of companies are small to medium-sized businesses. Often times, the owners of these entities have personal financial interests tied in with their business. It is because of this that business owners want and need to protect their finances. However, business owners rarely have time to become tax experts of their own industries or even countries, let alone in the complicated world of global business. In today’s fast-changing business environment, mergers, acquisitions and reorganization are becoming more common as business owners and managers enter new markets, seize new business opportunities, and evolve their organizational structures to stay ahead of innovations in people, processes and technologies. Tax laws can affect these decisions from the beginning until even after the decisions are carried out and can include the business being introduced to new taxes, requiring new forms of employee compensation, and meeting ongoing compliance standards.

In these cases, tax structuring and planning is not a secondary concern but a ‘first step’ that should be taken before these decisions are even contemplated. Tax laws can completely change or modify the decision to start, merge, acquire or reorganize a business — for example, incorporating in one country instead of another or breaking up the corporate entity into smaller pieces operating in separate tax jurisdictions.

Setting up a corporate structure

There is no ‘one size fits all’ solution when setting up a business structure. In a corporation, for example, different tax laws will affect a C-corp classification where the business must pay corporate income tax, versus an S-corp classification where owners only pay personal income tax on profits. Limited liability corporations (LLCs), on the other hand, are meant to shield personal assets from business liability, but may not be recognized in foreign countries (LLCs are often the preferred choice for small/local business owners).

Planning an estate or other personal or family structure

Even without being a business owner, many people have accumulated income, investments and other financial assets (such as physical or intellectual property) that may be managed by an estate or passed on to certain family members. Tax laws can change quickly and this can cause legal challenges or simply change taxation in ways that reduce the profitability or value of certain assets such as stocks and bonds. It is important for estate managers to have tax attorneys who can provide ongoing legal counsel to understand new tax laws — such as changes in exemption limits on personal or estate wealth — and how these changes will affect income, revenue or the financial security of an estate or family inheritance.

Supporting financial goals or profitability

When it comes to personal income, people have financial goals just as businesses have profitability targets. There are numerous tax laws that can strengthen personal financial objectives and keep them on track, such as tax exemptions, benefits, credits, deductions, and different filing options. The old phrase ‘work smart, not hard’ applies especially to tax planning and structuring, because individuals can often increase their yearly income without doing any extra work, but they need the help of tax attorneys who can review their options on an ongoing basis as these plans or goals change. The same is true for businesses reaching their profitability targets, as legal counsel around tax planning and structuring can often make downsizing or corporate reorganizing unnecessary if savings can be found in other areas.

Optimization of your tax position

Ultimately, this is the ‘name of the game’ for tax planning and restructuring, to create the most favorable tax position for each individual or company. Taxes are central to any business plan or investment strategy since the purpose of any financial or business interest is to get the highest return on investment – and taxes eat into those returns. At the same time, reducing corporate taxes is not always beneficial to the company if it will cause reputation damage from consumers who interpret it as tax-dodging. The optimal tax position is one that is not only legal but part of a holistic financial and business plan. The goal is not to dodge taxes but to structure the business in such a way that taxes play their role as beneficial ‘rules of the game’ for everyone. Tax attorneys should not only know the tax laws but understand how the business works and how to structure taxes most effectively for long-term benefit.

Inbound and Outbound tax structuring

In a global business environment, companies often have financial and business interests in domestic and foreign markets (or foreign-sourced income for individuals), or across multiple states each with different tax laws. Tax agencies all across the globe have gotten even more serious about cracking down on businesses that try to use foreign corporate structures to get around domestic tax laws. The internationalization of business operations means that companies — regardless of size — need ongoing legal counsel for inbound and outbound tax structuring, both to avoid litigation and to incorporate tax laws into international business plans and strategies. In special cases, such as restructuring or refinancing capital-related decisions, tax attorneys can look at judicial and administrative precedent and help businesses optimize tax position without losing their competitive edge.

Services THEVOZ Attorneys Provides

THEVOZ Attorneys focuses on the area of U.S. and international tax law. The firm assists its clients in setting up and developing their respective business in the U.S. Its affiliation with the international THEVOZ Attorneys Group provides a broad network that enables the U.S. team to provide high-quality legal services tailored to the tax law needs of international businesses.

In addition to specific legal counsel on tax laws, options and strategies, our tax attorneys provide ‘peace of mind’ as individuals and businesses go through the complicated process of developing, documenting and implementing tax solutions. This includes not only counsel on specific tax laws and options but also modeling tax implications and strategies.

Tax planning and structuring is a holistic process that takes into account all financial and business interests to plan for the most sensible results.

To learn more about how our skilled tax attorneys can provide you support with your tax planning and structuring contact us right now at +1 (512) 696 1467.

Whether you are an individual or a business group, understanding domestic and foreign tax law is important to your financial well-being. The adept tax attorneys of THEVOZ Attorneys are more than capable of handling any tax planning and structuring projects. Contact us at +1 (512) 696 1467 for your taxation consultation today.

Client Reviews

Both you and Oliver did a great job in validating the information I gave you which made me feel good knowing I was on the right path. Your write up was also good to give to my CPA to look into for what foreign tax dollars I paid were valid to convert to US taxRead MoreDoug Richardson

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