State and local governments across the country face massive deficits, and many are looking for additional taxes to improve their budgets. Most are aggressively trying to collect more taxes from existing taxpayers, identify new taxpayers and impose new business taxes as well.
Paying excessive taxes reduces profitability and puts a business at a serious competitive disadvantage, especially when it already is squeezed by price pressures and growing competition. Multistate businesses must also cope with multiple tax systems – often arcane, complex and inconsistent that create serious compliance challenges as well as adverse financial consequences. However, by working effectively with those tax laws, a business can achieve substantial tax savings that flow to the bottom line and boost its financial position.
The Prae Legal’s tax group network allows our clients to receive multi-jurisdictional advice on how to take advantage of the major tax benefits available to their businesses and cross-border transactions. The network permits a continuous interchange of experiences, advice on changes to tax legislation, case law and areas of opportunity.
We provide a full range of services, including:
Moreover, when your organization’s legal needs move beyond tax issues, attorneys in the tax group are able to connect you to the advice, expertise and support you might need from Prae Legal.