Tax management on a global scale demands careful tax planning. Learn how to maximize deductions and sidestep international double-taxation issues.
Timing income and expenses strategically can have a dramatic effect on taxable income. Deferring invoice payments until after year-end and paying equipment purchases early reduce the current tax liability; however, excessively aggressive tax minimization risks public scrutiny and reputational damage. Corporate tax planning schemes must employ a balance of risk mitigation and mitigation of taxes.