Tax Expert Addresses Common Issues for Businesses Setting Up Foreign Operations of Any Size

ARLINGTON, Va., Feb. 8, 2011 /PRNewswire-USNewswire/ -- As business becomes increasingly international at all levels, it is  more likely than ever that businesses will need to plan their tax strategy on an international basis. On February 16, international tax expert Douglas Stransky will outline the critical issues to be considered in U.S. Tax Issues in Structuring Foreign Operations, a new webinar from BNA Tax & Accounting.

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"Due to the complex interplay between and among U.S. tax rules, non-U.S. tax rules, and double-taxation treaties, properly integrated and cohesive tax planning is essential when businesses span international borders," says BNA Tax & Accounting senior tax analyst Harold Pskowski.

Mr. Stransky will focuses on the U.S. tax issues that those seeking to expand internationally - from the multinational to the sole proprietor - will face. Whether businesses have extensive international operations or are just beginning an international expansion, this discussion will present the common issues that must be addressed, including the common U.S. federal income tax compliance requirements.

In 60-90 minutes, Mr. Stransky will cover

• Selecting the form of foreign entity, including detailed discussion on the "check-the-box" regulations
• Dual consolidation losses
• Overall foreign losses
• Branch loss recapture
• Foreign currency transactions 

Upon completion of this program, participants will be able to:

• Describe the framework for international tax planning
• Recognize fundamental ideas and solutions available to plan for tax efficient foreign operations
• Explain how check-the-box entities are valuable in planning to avoid Subpart F and other issues
• Understand the impact on a change of entity classification on dual consolidated losses, overall foreign losses, and branch loss recapture
• Recognize the various compliance requirements in international tax planning

Douglas S. Stransky is an international tax partner in the Tax Department of the Boston office of Sullivan & Worcester LLP. Mr. Stransky concentrates his practice on international tax planning for multinational clients in the financial services, life sciences, manufacturing, private equity, technology and venture capital industries, with a particular emphasis on U.S.-based clients investing in foreign jurisdictions. He has advised a broad range of publicly-traded and privately-held multinational clients in structuring tax efficient international mergers, acquisitions, dispositions and reorganizations, and designing cross border financing strategies and foreign holding company structures. He also assists companies with foreign tax credit utilization, foreign treasury and cash flow management, recapitalization of foreign operations to enhance foreign earnings repatriation efficiency and reduce foreign tax burdens.

U.S. Tax Issues in Structuring Foreign Operations will take place February 16, 2011, from 11:30 am - 1:00 pm, ET.  To register for this webinar and obtain further information about CLE and CPE credits, go to http://www.bnatax.com/strurcturing-foreign-operations-webinar/?open&cmpid=tmtxpr2011 or call 1-800-372-1033, menu Option 6, then Option 1.  The per site fee is $249.

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About BNA Tax & Accounting Webinars

BNA Tax & Accounting is the foremost source of tax and accounting research, news, practice tools, and guidance for tax attorneys, CPAs, corporate tax managers, estate planners, and financial accountants.  Designed for today's busy practitioners, our webinars offer the same expertise and relevance that are the hallmark of all BNA Tax & Accounting resources. Conference attendees have the opportunity to ask the speakers questions, and may be eligible to earn CLE or CPE credits - all from the convenience of their own office or conference room.

SOURCE BNA Tax & Accounting