Accounting for and managing the domestic disclosure obligations of a foreign wholly owned subsidiary or related entity, can be a complex and costly exercise if it is not managed correctly.
Tax authorities around the world are determined to levy more significant fines and penalties against corporate taxpayers who are not compliant with their domestic filing and disclosure obligations.
Asena Tax Advisors is regularly engaged to act for privately owned multi-jurisdictional corporate groups and has significant in country expertise in accounting for, and reporting of, foreign activity of domestically controlled corporations.
We care. Asena’s guiding philosophy is to understand and have empathy with our clients while providing specialist professional tax advice and services. If you need integrated cross border tax advice and compliance our renowned team is able to help you.
Generally, under U.S. tax law, a foreign corporation may be...Read more