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International Taxation There is hardly a hotter topic today than this one. More and more companies, to stay competitive, have explored ways of expanding their market share beyond the local economy into the global marketplace. • Equipment manufacturers using contract manufacturers to achieve cost savings • Technology companies looking to expand their internet presence or engaging in international licensing of intellectual property for the first time • Wholesalers looking for new distribution outlets • Service businesses reaching out to apply their special branding to new customers All have realized that doing business internationally requires careful and thoughtful planning combined with creative structuring of transactions and business operations to minimize the worldwide tax burden. That's where DHL&S comes in. The tactical and strategic suggestions we provide our clients have helped them succeed in the international marketplace, both inbound and outbound. In this context, we have helped our clients in various areas, including: • Issues of tax jurisdiction • Source of income rules • Foreign tax credits • Anti-avoidance rules • Export incentives • Foreign currency issues • Tax treaties • Planning for foreign operations • Foreign persons and US investments • Foreign persons doing business in the USA • Estate planning for foreign nationals Countries we have advised our clients on include: • Australia • The British Virgin Islands • Canada, • The Cayman Islands • China • Denmark • France • Germany • Mexico • South Africa • Switzerland • Sweden • The United Kingdom We are represented in more than 100 countries as a member of HLB International, the 12th largest worldwide association of independently owned accounting firms. As a result, a client doing business in a foreign country for the first time can rely on a quality accounting firm in that country that will coordinate with us to ensure that the overall structure decided upon will make the client's global business as tax efficient as it can be. If your business is opening a new venture abroad or wants to enter the US marketplace, contact James G. Cosgrove, our Director of International Services at 203-929-3535 or via email at jimc@dhls.com.