Singapore (PRWEB) October 05, 2012
An increasingly large number of corporations are now considering different ways of tax mitigation in order to survive in the highly competitive market of today. Businesses are planning ahead and adopting cost effective methods of carrying out operations. Due to the presence of innumerable competitors and an increasingly conscious consumer base, a business has little flexibility to increase prices. Thus, it is often left with no other choice but to cut down costs in its attempt to maximize profits.
Singapore, unlike many other countries, enjoys flexible tax rates. In the rest of the world, however, the prevailing trend shows austere tax regulations that have increased the dissatisfaction among the members of the business community. Striving to reduce their tax burden, some companies have stepped into illegal domains while trying to find a way around corporate taxation. Several famous corporations have lost millions of dollars in fines and settlements and tarnished their market goodwill as a consequence.
International Tax Planning has now made it possible for companies to reduce their tax liabilities by using cleverly designed Planning methods that are not unlawful in any way. While tax evasions and other traditional means of tax alleviation are widely practiced, the best practices in the market are those that are completely legal. This leaves the government and regulatory authorities with no grounds to jeopardize the company, since it has not broken the law in any way.
International Tax Planning has opened a whole new horizon for businesses and private ownerships to optimize taxation. With the help of experienced professionals, who have great proficiency in tax consultancy and international tax laws, companies can draw an effective corporate structure that is ideal for purposes of tax avoidance. An example of one such company is Google Inc. that has saved up to $1 billion worth of income tax in 2007 through a legal tax strategy, all thanks to International Tax Planning!
With professional advice many innovative and efficient methods of tax diminution are being planned for companies and private individuals. A corporate structure that is tax-friendly can be carefully designed and executed for companies that wish to cut costs and improve operations. There are tailor-made solutions available for each company that understand the needs and complexities of the business and can easily be adopted. As far as private individuals are concerned, there are options such as overseas holdings and offshore structures that will not attract taxes, in some countries such as Singapore.
Businesses can enjoy tax reductions in Singapore due to the flexible tax regulations in this part of the world. Using this clever International Tax Planning technique, a Singapore-based offshore structure is advised by professionals to help businesses excel. Hundreds of companies all around the world are using these effective methods by setting up investments in Singapore. The biggest reason for this trend is that the government in Singapore has adopted a flexible tax structure that encourages foreign investments and opens the doors to numerous tax cuts and abatements.
The following solutions are available to private individuals looking for tax mitigation:
Hence, International Tax Planning is a 100% genuine method and is not considered illegal by any government. For effective planning, the firm providing the services needs to be well-versed with the international laws regarding taxation. The tax advisor is an integral part of this process, thus, he or she needs to be in touch with the constantly changing international tax legislations. Only with these expertises can any advisor successfully plan and design the corporate structure for a company that aims at maximizing its revenue. It is also salient that the process be carried out in a legitimate way and the client is associated with only the best institutions internationally, such as a reputable offshore bank that is secure.
There are many International Tax Planning firms that claim to minimize the tax liability for businesses and individuals. However, a great majority of these establishments are amateurs that have the potential to inevitably cause harm due to weak planning. For the best results only the best Planners should be used. Paul Hype Page & Co. is one such firm that is highly regarded by its clients. Visit the website http://www.paulhypepage.com/international-tax-advisory/ for more information on their services. The complete range of their services and areas of specialization can be found on the webpage http://www.paulhypepage.com/.