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Tech should reassess international taxes

Shifting concerns and credits make this a time to re-balance

RFP
Businesswoman explaining graph to his coworker in conference room The tech industry has always been turbulent, but recent global developments have changed the workforce and tax considerations for many companies.

"I think companies need to take a fresh look at their IP supply chain, and consider what factors should you be looking for and what advantages might you already have,” said Grant Thornton International Tax Services Managing Partner David Sites.

Now is the time for tech companies to consider some key questions, including:

David Hazels“It’s very heady times for tech companies to think from a strategic standpoint, but I always say it’s better to know than not to know and everywhere you see risk there’s probably also opportunity.”

– David Sites,
Managing Partner,
Grant Thornton International Tax Services
  • The list of countries that are best for intellectual property (IP) holdings is changing, so what new factors should technology companies consider as they choose where and how to develop their IP?
  • Many companies recently learned that their supply chains were more fragile than they thought, so are there any lessons learned for tech-related supply chains, or any safeguards against the impact of a possible second wave?
  • Legislation in several jurisdictions could go beyond the Wayfair decision and also tax digital advertising, and other countries are considering more digital taxation, so what might U.S. tech companies expect on their tax horizon?
  • What is the most important new tax issue that technology companies should consider regarding their workforce?

Listen in as Grant Thornton National Tax Leader for the Technology Industry Joel Waterfield discusses these questions with David Sites. As Sites points out, “It’s very heady times for tech companies to think from a strategic standpoint, but I always say it’s better to know than not to know and everywhere you see risk there’s probably also opportunity.”


Contacts:

David SitesDavid Sites
Managing Partner,
International Tax Services
T +1 202 861 4104

Joel WaterfieldJoel Waterfield
National Tax Leader,
Technology Industry
T +1 703 847 7595