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Old 01-26-2007, 08:42 AM
Ryan
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Default Re: business tax on foreign operations

msus...[at]gmail.com wrote:

- quote -

> This question is partly about import duties, if anyone has a
> suggestion for a better group to post this, thanks in
> advance.
> This came up during a lunch discussion (politics) among
> friends, I hope someone here can clarify some points.
> When I buy a product in the US of which label says made in
> <foreign country> , then import tax had to be paid on it,
> correct? Someone suggested that if the US company opened a
> factory abroad and brought the product back that would be
> treated differently for tax and import purposes than if it
> simply imported said product from a foreign business entity
> producing the product abroad.


Well I can comment from a tax perspective. If you are
importing from a related company yoj might have transfer
pricing concerns.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 01-25-2007, 06:05 AM
msustik@gmail.com
Guest
 
Posts: n/a
Default business tax on foreign operations

This question is partly about import duties, if anyone has a
suggestion for a better group to post this, thanks in
advance.

This came up during a lunch discussion (politics) among
friends, I hope someone here can clarify some points.

When I buy a product in the US of which label says made in
<foreign country> , then import tax had to be paid on it,
correct? Someone suggested that if the US company opened a
factory abroad and brought the product back that would be
treated differently for tax and import purposes than if it
simply imported said product from a foreign business entity
producing the product abroad.

Thanks.
Matyas

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

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business, foreign, operations, tax
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