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As a natural outgrowth of our work with foreign transportation and other companies operating in the United States or expanding their business in this country, Flott & Co. has developed specialized expertise in advising foreign clients on their cross border activities. We provide comprehensive services to foreign companies operating in the U.S., including assisting in matters involving corporate structuring, taxation and regulatory compliance. We offer similar expertise and services to U.S. companies expanding their activities overseas.
Our combination of business, international tax, and regulatory expertise offers clients a comprehensive resource to structure their operations or business in a way that optimizes not only their management but also their profitability.
For example, over the last five years we have:
- Advised a Canadian based motor carrier on the creation of a U.S. base of operations that enabled the company to dominate its market by increasing the flexibility of its Canadian, U.S. and international operations. By taking a strong position on the application of U.S. immigration rules to the scope of work that a Canadian citizen driver can undertake in the U.S., we have helped this company fully integrate its cross border business and take advantage of local and international operations in both countries.
- Assisted a European based freight forwarder in segregating U.S. operations from the international business in order to integrate U.S. export financing of the significant transportation costs of the overall project, without exposing the non-U.S. income to U.S. taxation.
- Assisted foreign property owners with the management of their U.S.-based assets and reducing their exposure to U.S. taxation. In several cases we eliminated a significant tax liability arising from past activity.
- Helped one U.S. company explore its options for opening an office in France by evaluating tax, employment, and business issues and coordinating them with French counsel. We set up a tax-free distribution arrangement whereby a U.S. company was able to source goods in an Eastern European country without subjecting the profits on its sales activity to taxation in that country. We also helped a U.S. company convert potentially taxable profits into non-taxable income by reorganizing the business relationship between itself and its European counterpart.
- Assisted a couple of U.S. nationals with the structuring of their start up operation in South Africa to minimize taxation in both countries.
Fees for this work are done on an hourly basis. A description of our standard hourly rates and billing policies can be found in How We Charge.
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