A framework for international tax planning for managers

The purpose of this article is to summarize and illustrate the vast array of international taxation issues confronting managers of U. S.-based multinational firms. It is important for managers of multinational firms to consider these factors collectively to evaluate the most competitive choices for a firm in terms of tax policy. International tax planning is indeed a critical component of business strategy which requires attention from managers of all functional areas in the firm. This article provides an overview of the tax planning strategy process, a description of the various components of international taxation, and establishes a framework for managers to analyze emerging issues in international tax planning.