Expansion of Business to Norway
For the Tax Planning Considerations for Employees
By Alexis A. Rutherford
Introduction
A common priority for any business owner is attempting to reduce their tax liability during their peak earnings and profits during the years. The hiring, spending, savings and growing will help the business. Any United Stated company contemplating doing business abroad should select a structure which maximizes flexibility, minimizes tax and avoid the complexity. In the case of USco contemplating expanding its operations overseas would definitely increase the business and offer opportunities to overseas market that have not been taped into has of yet. Now what the CEO of USco would have to be concerned with when it comes to expansion of his business overseas would be to look at the type of expansion, the impact it would have on his current employees and the tax implications effect that would affect his employees. Now for the CEO of USco we must look at the country of Norway which seems to have all the areas of helping with the expansion of the manufacturing business.
In this paper we will reflect on the first the effects on the tax planning consideration for his employees expanding overseas. We will look at how the treaty between Norway and the United States will affect any benefits for employees that will be working there. We will also look at are there credits they may be entitled to , if the payroll of how they receive their income will be better in the currency of Norway or to obtain the United States currency.
Objective and Responsibilities of the Employee Carol Barton’s article in the Business Courier, states that companies first should clearly outline the items such as length of assignment, reporting, structure, salary allowances, home leave, fringes and bonus plan participations. Then there should