Having worked as an international tax professional for more that fifteen years, Marcela Kane understands the complexities of tax planning on a global scale. There are many things that you need to consider when creating tax plans for entities outside your country of origin, so try to keep all of the below in mind to ensure your plans are legal and relevant.
Read The Law
Many of the countries that you work in as an international tax professional will have different laws in place for taxation than your country of origin, which means it is vital that you stay up-to-date on what’s happening. Trying to create plans based on limited knowledge could result in laws being broken, which can have negative ramifications for both you and your company.
Documentation Is Key
Those who work in the financial sector should already understand the important role that proper documentation plays in terms of keeping accurate records and ensuring that they have the figures to back up their plans. Working in international tax will often result in more documentation being created, so it is important that you pay proper attention to this issue and file documents accordingly so that they can be accessed when needed.
Start Early
Marcela Kane has been creating international tax plans for a large portion of her career. It is crucial that you do not procrastinate if you are to create comprehensive plans, as leaving work until the last minute results in it getting rushed. This will often mean that your plans are incomplete, resulting in them failing to provide adequate benefits to your company.
Marcela Kane | Marcela Kane Lantrip 