uk-us tax desk investing into the us practical advice and guidance tailored to your needs

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uk-us tax desk investing into the us practical advice and guidance tailored to your needs september 2015

investing into the us september 2015 01 BDO UK-US TAX DESK The UK-US Tax Desk consists of professionals from BDO UK and BDO US who possess insight and practical experience in both countries. Our aim is to deliver exceptional client service by facilitating knowledge sharing and seamless collaboration. The Desk members have extensive technical and practical expertise in assisting clients in structuring and establishing businesses in the US and in the UK. Our goal is to combine our understanding and experience of issues relevant to both countries and providing a one-stop shop service to all clients in need of both professional and practical support for all UK- US tax matters. how we can help The Desk members possess significant experience and technical expertise when engaging in cross-border business between the UK and US. This is further enhanced by our UK-US Desk operating as a cohesive unit. The UK-US Tax Desk achieves this high level of cooperation and coordination through several different initiatives: Coordinating cross-border support for clients, from the planning phase through to full implementation Joint webinars and events for international clients, as well as for BDO international firms on UK-US cross-border issues Cross-training of BDO US and BDO UK corporate tax and expatriate tax groups on important, timely and relevant issues for cross-border trade between the US and the UK Assisting you on specific UK-US issues and challenges, and helping to address them in an ever changing global environment. Our aim: Provide practical advice, guidance and assistance, tailored to your specific circumstances and requirements Apply our experience and local knowledge to a given situation and pre-empt issues or problems and find appropriate solutions Offer a platform for you to access our vast international network whilst still maintaining key relationships throughout the process Coordinate and manage projects cohesively and efficiently.

02 september 2015 investing into the us INVESTING INTO THE US us expansion At BDO we understand that expanding into the US will mean your financial operations pose a dual challenge. On the one hand, you want to streamline and centralise the finance function while on the other hand you must ensure that all your international subsidiaries comply with the diverse national accounting regulations. How can you streamline and centralise when you also need specialised local knowledge? A central finance function will struggle to meet all requirements, with potentially severe consequences, yet having a fully in-house function in each country is costly and impractical. what can bdo do? BDO assists clients in navigating the increasingly complex US tax system when setting up operations in the US. Whether establishing a standalone entity or managing a large multinational group, we have the tools to assist you throughout the process, from initial advice regarding the right entity that will suit your needs, through to full implementation and ongoing compliance. The BDO UK-US Tax Desk can help large multinational clients, or those considering expanding into the US for the first time, steer them through the complex international tax rules and identify risks and opportunities. typical areas of assistance include: Choice of entity Holding structure Tax efficient financing Practical supply chain planning Advice on structure implementation Maximising tax claims Minimising withholding taxes Tax compliance Financial statement reporting Coordination with state and local tax authorities. bdo us office locations bdo us $1.05 billion 52 446 % Accounting & Auditing % Tax % Consulting/ Advisory 4,059 63 Professional Personnel Partners 450+ 32 5,383 Total Personnel Revenues 16 Offices Independent Alliance firm locations nationwide

investing into the us september 2015 03 As your business develops The team can provide assistance with: Structuring for mergers, acquisitions and joint ventures Structuring for expansions and financing of operation Analysis relating to sale or liquidation of a business Use of foreign holding companies including finance, service/procurement and IP companies Analysis relating to sale and distribution of goods and services Transfer pricing analysis and reporting Use of treaty networks, withholding tax and foreign tax credit planning BDO is able to tailor its services to provide the assistance your business requires. Nothing matters more to us than our clients. All our energy is centred on providing our award winning exceptional client service. dedicated industry focus Construction Financial Institutions & Speciality Finance Financial Services Gaming, Hospitality & Leisure Government Contracting Healthcare Insurance Manufacturing & Distribution Natural Resources Non-profit & Education Private Equity Public Sector Real Estate Retail & Consumer Products Technology & Life Sciences. consulting Forensic and Litigation Advisory Global Risk and Investigations Forensic Technology Services Investigative Due Diligence Insurance Claim Services Valuation Services Restructuring and Turnaround Services Corporate Real Estate. tax Compliance Services Navigating Complex Rules Related to International Tax Disclosures Tax Audit Support Private Client Services R&D Credits and Incentives Account and Interest Recovery Services Fixed Asset Advisory Services and Cost Segregation Sales Effectiveness Global Employer Services State and Local Tax International Tax Accounting for Income Tax Tax Controversy Tax Accounting Methods. business and financial advisory Risk Advisory Transaction Advisory Executive and HR Services Outsourced Financial Services. assurance Financial Reporting Employee Benefit Plan Audits Finance and Risk Operations Accounting Advisory Services Public Company Services.

04 september 2015 investing into the us INTERNATIONAL With a network spanning more than 150 countries worldwide, BDO is the fifth largest global network of public accounting firms. Our seamless global approach allows us to serve clients through a central point of contact, granting access to relevant experience across borders where and when our clients need us. BDO s strength is derived from our structure as a global network and dedication to internal integration. In each country, BDO Member Firms are composed of people who are knowledgeable about national laws and business customs, and familiar with local and international business methods. As our clients expand globally, access to our international network can help them do business with a depth of experience in international matters, significant resources and international client service capabilities. our people At BDO, we understand that exceptional client service to our clients begins and ends with exceptional regard for our people. Partners and staff are accessible Our people managers encourage collaboration in an atmosphere of trust and cooperation, mentoring, consulting, and exchanging ideas The BDO culture encompasses career aspiration and development We feature office locations in both large and small centres around the globe. We strive for exceptional client service delivered by exceptional people. bdo international 60,000 total personnel 5th largest accountancy network in the world 1,350 offices 5,000 partners in 152 countries professional 2 46,000 personnel US$7 1 billion 2014 revenue accounting 58% and auditing 21% tax 21% advisory 1. Total combined fee income as of and for the year ended 09.30.14 (including BDO s exclusive alliance firms) 2. Location statistics as of 01.01.15

For more information contact the UK-US Tax Desk BDO UK robert aziz Tax Partner, London t: +44(0)207 893 3434 e: robert.aziz@bdo.co.uk malcolm joy Tax Partner, London t: +44(0)207 893 3718 e: malcolm.joy@bdo.co.uk cory blackmore Tax Director, London t: +44(0)207 893 2311 e: cory.blackmore@bdo.co.uk howard veares Tax Director, London t: +44(0)207 893 3224 e: howard.veares@bdo.co.uk vivienne luo Tax Assistant Manager, London t: +44(0)207 034 5809 e: vivienne.luo@bdo.co.uk BDO US ingrid gardner UK-US Tax Desk Managing Director, New York t: +1 212 885 8268 e: igardner@bdo.com scott hendon Tax Partner, Dallas t: +1 214 665 0750 e: shendon@bdo.com robert pedersen Tax Partner, New York t: +1 212 885 8398 e: rpedersen@bdo.com michelle murphy Tax Senior Manager, New York t: +1 212 885 7232 e: mmurphy@bdo.com ben vesely Tax Senior Manager, Dallas t: +1 214 665 0763 e: bvesely@bdo.com This publication has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The publication cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact BDO LLP to discuss these matters in the context of your particular circumstances. BDO LLP, its partners, employees and agents do not accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it. BDO LLP, a UK limited liability partnership registered in England and Wales under number OC305127, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. A list of members names is open to inspection at our registered office, 55 Baker Street, London W1U 7EU. BDO LLP is authorised and regulated by the Financial Conduct Authority to conduct investment business. BDO is the brand name of the BDO network and for each of the BDO Member Firms. BDO Northern Ireland, a partnership formed in and under the laws of Northern Ireland, is licensed to operate within the international BDO network of independent member firms. 2015 BDO LLP. All rights reserved. bdo.co.uk HB007779