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.
First, there was FBAR. Now, there is FATCA, the Foreign Account Tax Compliance Act. Through the three IRS offshore voluntary disclosure programs, I have provided and continue to provide critical insight into the FBAR issues. Now, it is only fitting that the insight continues into FATCA compliance. Check back often, as this is the first in a series of continuous guidance posts.
In this week’s REWIND of international business news, it is all about intellectual property. We cover patent protection (or not) for software in New Zealand, another lawsuit in sports centered around use of players’ names and likeness, and an attempts by Minnesota to protect businesses from patent trolls.
Signed into law on January 31 of this year, the New Jersey Angel Investor Tax Credit Act, also known as the Angel Act, provides tax credit against the New Jersey Corporation Business Tax (“CBT”) and the New Jersey Gross Income Tax (“GIT”) for taxpayers making qualified investments in New Jersey businesses incurring qualified research expenses that are involved in emerging technology. Read the rest of this entry »
Going Global: A Primer on Tax and Corporate Issues For Your Domestic and Foreign Business Operations
In today’s business world, it’s no longer a matter of if you will be conducting international business, but when. In light of this reality, Norris McLaughlin & Marcus, P.A., and Wilkin & Guttenplan, P.C., will be hosting a complimentary breakfast seminar on international business on Tuesday, September 24, 2013, from 8:00 to 10:00 am at the Bridgewater office of Norris McLaughlin and Marcus.
Designed for business owners, financial planners, accountants, human resource professionals, and others responsible for managing business operations, this program will offer practical information on the following topics:
General Corporate Planning - Robert C. Gabrielski, Esq., Norris McLaughlin & Marcus
Real life situation for corporate planning and methods of conducting business including use of branch, representative, joint venture, corporation, intellectual property planning, and Foreign Corrupt Practices Act
Tax Issues - Melinda Fellner Bramwit, Esq., Norris McLaughlin & Marcus
Basic issues, outbound transfers of intangibles, choice of entity, U.S. taxing of income and foreign tax credit, and CFCs
Compliance - Vinay Navani, CPA, Wilkin & Guttenplan, P.C.
How to avoid penalties with the IRS by understanding the required tax filings and understanding some of the practical reporting challenges faced by U.S. businesses operating abroad
International Executive Compensation - Charles A. Bruder, Esq., Norris McLaughlin & Marcus
Income tax and compliance issues involving deferred compensation, equity based compensation, and social security benefits issues for outbound executives.