Are you planning to expand your business to the United States? Are you finding yourself thinking about some current topic in the complicated world of United States taxation? Perhaps you are just excited about GILTI and BEAT? Or maybe you are thinking, what does “effectively connected income” mean?

Welcome to the US Tax Day which will be held at the KPMG building on Tuesday 12 December 2023. During the day you will hear presentations on the following topic areas from our US tax specialists:

Entering and starting business in the US.
What should be considered when beginning operations in the US? Are there differences between entity types from an income tax perspective?  Does the US have an indirect tax system similar to VAT that should be considered? Should intellectual property also be brought to the US if long-term expansion to the US is inevitable? How to plan the business already in the entry stage in a manner that intra group transactions are at arm’s length and acceptable by the US and Finnish tax authorities?

Operating business in the US.
How is taxable income calculated generally, and when are income tax returns submitted? Is filing tax returns in the US burdensome for taxpayers? What are the key US tax provisions that non-US headquartered companies should be aware of when operating in the US? How can business activity be expanded in a tax efficient way? What types of tax-free restructuring options are available to reorganize or acquire US businesses? How does the US consolidation system work?

Profit repatriation and exiting the US.
How are accumulated earnings returned to Finland taxed, both in the US and Finland? What options are available to cease the business and what are the tax consequences?

Investing in the US.
This part is designed especially to our FS clients from the perspective of investing in the US. How are Finnish investors taxed on inbound US investments? What are the special domestic law exemptions that may be available, and how can access to the US-Finland double tax treaty mitigate the tax leakage? What are the special rules applicable to investments in US real property interests, including special statuses that may be granted to qualifying pension funds? We will cover from the institutional investment perspective tax questions relating to US real estate and private equity funds and debt funds, including potential reporting obligations. We will also cover Finnish case law related to US sourced income, elimination of double taxation and fiscally transparent entities.

Please, register by 4 December.