Hundred of Millions of Dollars is Owed to U.S. Companies in Unclaimed Tax Credit

Introduction to VATCAT, Inc's Foreign Tax Recovery and Duty Drawback Services. Many U.S. companies are owed tax refunds from foreign and U.S. treasuries.

(PRWEB) October 14, 2004 -- VATCAT, Inc and its founders are proud to announce the launch of a new tax recovery service for U.S companies and individuals. VATCAT, Inc will audit foreign accounts payable such as travel, telecommunication, and logistics related expenses of U.S. companies to identify and file for refund claims worldwide. VATCAT offers this service on a contingency basis. Thus the U.S. tax payer will never expend unless tax refund is issued. Every year, hundreds of millions of dollars fall off the table and into the coffers of foreign and U.S government treasuries as the statute of limitation expires. Some U.S. companies put themselves at a competitive disadvantage in today's hyper-competitive market.

VATCAT was founded in belief that to be competitive effectively in the global market place, U.S. companies can not afford to forego a single dollar, euro or yen that may be owed to them. For the limited time, VATCAT will audit logistics related expenses of its clients for free, to determine whether any tax refund is owed. VATCAT will also provide consultative services to clients in strategic VAT planning as well as efficient and effective logistics planning. VATCAT's President Tom Fitzsimmons stated that, "VAT refunds and duty drawback for many represent difficult and cumbersome process. The quantity of tax credit lost to US businesses over the years warrant an aggressive stance on foreign tax recovery in the US". Tom Fitzsimmons had worked at Bloomberg L.P. as the International Tax Coordinator, and recently passed the New York bar exam.

VATCAT, Inc was founded by Tom Fitzsimmons and Alexander D. Kim. Alexander D. Kim had until recently served as an In House Counsel for Bloomberg L.P. overseeing diverse areas of international business such as international logistics, online intellectual property protection, internal auditing, anti money laundering and OFAC regulations compliance, he is admitted to the New Jersey Bar. Alexander D. Kim left Bloomberg L.P. to create VATCAT, Inc with Tom Fitzsimmons. Alexander D. Kim stated, "Studies indicate that there are over a billion dollars of tax money unrecovered by U.S. companies and individuals annually globally. VATCAT wants to eliminate the pain and headaches of filing for vat refunds and duty drawback, and put a government check in our clients' pockets and a smile on all our faces."

If you are interested in more information, please visit http://www.vatcat.com. You can sign up for a free audit and analysis, and find out whether there is tax refund owed. Please send email to info@vatcat.com with your contact information. The audit and analysis is free. VATCAT issues a check to you and returns the original receipts upon the successful completion of the recovery process. Jo Ann Woods, VATCAT New York Office Manager often quips, at VATCAT , we issue checks, not bills".

VATCAT, Inc
            
32-14 34th Street         
Suite 2D            
Long Island City, NY 11106   
917-254-6728/9
718-726-1337

Email:    Info@vatcat.com
URL:   http://www.vatcat.com

###