VAT Concerns for U.S. Multinationals

VAT Concerns for U.S. Multinationals

Value-added tax (VAT) is imposed in over 140 countries worldwide, making it the world’s most commonly used tax. Although VAT is currently not imposed in the United States, any U.S. multinational corporation should be aware of VAT as it can impact almost every transaction that takes place while doing business overseas.

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Significant VAT issues—and real cash costs including penalties and interest for VAT non-compliance and irrecoverable VAT— can arise in areas such as:

• Global contracting

• Global supply chain

• Mergers, acquisitions, and divestitures

• Expansions into new countries

• Technology and compliance

• Cash flow enhancement

• Financial services and insurance

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