WTS in USA | GTM Global Tax Management (GTM)

US taxpayers are a subject to both foreign as well as local regulation on their worldwide income. To avoid a potential double taxation US provides a Foreign Tax Credit. Learn more about it and gain a thorough understanding of key tax provisions.

Read an article from GTM, U.S. alliance partner of WTS Global, on how to avoid pitfalls related to the consistency rule in the allocation and apportionment of deductions to the residual grouping in applying the GILTI high-tax exception.

The U.S. Supreme Court’s South Dakota v. Wayfair decision broke new ground in 2018 when it expanded sellers’ obligations to collect sales tax in new states. The landmark case reversed the ‘physical presence’ nexus standard for sales tax, giving states authority to impose tax obligations on remote sellers from multistate sales through ecommerce and fulfillment platforms.