Tomoko Sasaki’s Post

Great practical discussion with Amanda Martin, Haylon Smith, and the New Zealand Trade and Enterprise US team about the key challenges New Zealand companies face when expanding into the US. A brief summary of the main points covered: Legal Setup: Understanding the appropriate legal structure for operations in the US to ensure compliance and efficiency. US Compliance and Penalties: Avoiding inadvertent errors in US regulations and the potential penalties for non-compliance. Foreign Investment Fund Tax Rules: Strategies for New Zealand founders to temporarily sidestep New Zealand Foreign Investment Fund tax rules for up to 10 years while expanding into the US. Employee Transfer and Tax Implications: Best practices for transferring employees from New Zealand to the US while managing potential tax impacts. Profit Repatriation: Efficient methods for bringing profits from the US back to New Zealand (transfer pricing strategies). If any New Zealand companies are considering this expansion, please get in touch so we can help navigate these complex issues. Looking forward to catching up with New Zealand companies in Denver as part of the Denver Startup Week and chatting with Michael Fuller and Betcy S.. New Zealand Trade and Enterprise #globaltax #NewZealand #DENStartupWeek

From promoting the private economy and foreign investment, to talent attraction and boosting innovation, here are some major reforms that are set to be carried out. #economy #business #ThirdPlenum #China

𝗪𝗲 𝗻𝗲𝗲𝗱 𝘁𝗵𝗲 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗼𝗳 𝗺𝗼𝗿𝗲 𝗘𝗨 𝘁𝗿𝗮𝗱𝗲. 𝗛𝗲𝗿𝗲 𝗶𝘀 𝗵𝗼𝘄 𝘁𝗼 𝗴𝗲𝘁 𝗶𝘁 𝗶𝗳 𝘄𝗲 𝗰𝗮𝗻'𝘁 𝗴𝗲𝘁 𝗘𝗨 𝗺𝗲𝗺𝗯𝗲𝗿𝘀𝗵𝗶𝗽. Our new PM, Keir Starmer, has said he doesn't see the UK rejoining the EU in his lifetime. He has also said he wants to improve UK public services, and that he favours growth over taxes. So where is that growth going to come from? I'd like a large part of it to come from a growing tech sector. And some will come from construction planning reform (beware the NIMBYs). However, if the government wants a further growth boost, more EU exports will go a long way. 𝗧𝗵𝗲 𝗼𝗯𝘀𝘁𝗮𝗰𝗹𝗲𝘀 How are we going to get that without rejoining? There are other ways to get similar trade benefits (see Norway and Switzerland). But would the EU let us join part of the club the way the Swiss have done? The view from Brussels (and Paris) has always been "no cherry-picking" for the UK. But then again, maybe there is a deal to be done? Let's do a simplified thought experiment. 𝗔 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻? The direct cost of our membership was in the £7-10bn/year range. That's a meaningful contribution. Maybe even Paris could be persuaded if we offered to pay a reasonable fee? Which surely would have to be less, if there is limited input to the rules. The OBR estimates that Brexit is on its way to cost 4%/year of GDP. At current numbers, that's £90bn/year. Even if we were cautious and said the impact has only reached 2% at this point, that's still £45bn. And with UK tax take ~1/3 of GDP, that would be £15bn more in government coffers. The Treasury could easily pay a contribution and still have money left over. So there you have it. Lots of goverment projects never manage to show a return on investment. I reckon this one would come pretty quickly with the right deal. 𝗘𝗹𝗲𝗺𝗲𝗻𝘁𝘀 𝗼𝗳 𝗮 𝗵𝗶𝗴𝗵-𝗹𝗲𝘃𝗲𝗹 𝗽𝗹𝗮𝗻: - a comprehensive agreement that covers both goods and services - an ambitious freedom of movement, that still gives the UK certain emergency breaks - and the UK to pay a reasonable access fee in return. Not an easy needle to thread. But Keir Starmer has a majority of 172 seats. Now is the time to be bold. Let's go! #economy #eu 𝘗𝘚: 𝘍𝘰𝘳 𝘵𝘩𝘰𝘴𝘦 𝘸𝘩𝘰 𝘭𝘪𝘬𝘦 𝘥𝘢𝘵𝘢, 𝘵𝘩𝘪𝘴 𝘖𝘉𝘙 𝘤𝘩𝘢𝘳𝘵 𝘴𝘩𝘰𝘸𝘴 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦 𝘜𝘒 𝘩𝘢𝘴 𝘩𝘢𝘥 𝘵𝘩𝘦 𝘸𝘰𝘳𝘴𝘵 𝘵𝘳𝘢𝘥𝘪𝘯𝘨 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘎7 𝘴𝘪𝘯𝘤𝘦 2019.

Addressing an International Investment Summit in the City of London hoping to attract companies to invest billions of pounds in Britain, the Prime Minister said, “It’s time to back Britain.” Read more on this and other news in our latest #NewsinReview #BackBritain

The March issue of the Absolute Return Letter is available to read on our website. When you say farewell to free trade with 450 million people in your own backyard and enter a new regime where you at best can obtain the same terms you already had with the rest of the world, things can only go one way. It doesn’t take an Einstein to realise Brexit has been a massive economic own goal. Read the latest issue of the Absolute Return Letter for Niels Clemen Jensen's analysis of the economic impact of Brexit so far and why he believes Britain will eventually re-join the EU. #ARP #ARL #newsletter #investing #brexit #EU

Important insight about Ireland's FDI strategy in this quick read by University of Warwick's The Boar ... In short, Ireland’s experience illustrates the importance of having a diversified & long-term FDI attraction strategy that includes SME’s in the tech & innovation sector. These high growth potential companies can offer immediate economic impact and not just "phantom FDI". #phantomFDI https://lnkd.in/gtVU_gqy

Will new UK government attract more international investors? The Labour party took over the UK government last week, potentially opening the door to more international investors to boost the economy. The new prime minister, Sir Keir Starmer, has made foreign direct investment a top priority to meet the country’s growth goals. Confidence is high among bankers that the new Chancellor, Rachel Reeves, will welcome overseas investment at least as much as the Conservatives did. The party claims it is “open for business” to international investors to drive the economy forward. Key Appointments and Early Actions: - David Lammy: The new foreign secretary has already embarked on a tour of Germany, Poland, and Sweden to begin "resetting Britain’s relations with Europe." Market Reaction and Economic Stability: Labour’s landslide victory boosted the pound against the US dollar and the euro, maintaining its gain over the weekend. City investors believe the new UK government could provide stability for Britain in global markets, attracting investment. Nuwan Goonetilleke, head of shareholder assets at Phoenix Group, said:  “The UK is being seen not just as a safe haven, but the safest of havens, especially in Europe.” The Labour majority promises economic stability, growth, and wealth creation, contrasting with previous market turbulence. A Business-Friendly Labour Party: The Labour party's approach is more business-friendly than previous leaders, signalling openness to international and local private investors. Political turbulence in other countries may also position Britain as the most stable country for investors. Investment in UK Housing: The new government is setting clear targets for the UK housing sector, including reinstating minimum housebuilding levels at 1.5 million new homes over the next five years. Key initiatives include: - Planning System Reform: Prioritizing development on brownfield land and unlocking parts of the green belt that are poor quality or disused. - Stamp Duty for Overseas Investors: Labour suggested a higher rate of stamp duty for overseas property investors, though the current 2% surcharge remains unchanged for now. If you’re an international investor interested in the thriving UK property market, get in touch with We-Real Estate at +44 7859898098.

♦️ Ever wondered why international businesses choose the UK as their base of operations? Here are some key factors: 𝗥𝗼𝗯𝘂𝘀𝘁 𝗘𝗰𝗼𝗻𝗼𝗺𝘆 As of early 2024, the UK's GDP ranks 6th globally, with a nominal GDP of approximately $2.9 trillion USD according to recent World Bank data. 𝗦𝘁𝗮𝗯𝗹𝗲 𝗘𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁  With more than 25000 Law firms, the UK boasts a stable political environment with well-established legal institutions and a reliable legal framework, fostering a secure environment for businesses. 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀-𝗙𝗿𝗶𝗲𝗻𝗱𝗹𝘆 The UK offers competitive corporate tax rates, with the main rate of corporation tax at 19% as of April 2024. Its membership in the European Union and its trade agreements provide access to a vast global market. 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 The UK government offers various schemes and incentives to support innovation and entrepreneurship, such as the Innovate UK program and tax relief schemes for research and development. 🏙️ 𝗟𝗼𝗻𝗱𝗼𝗻 𝗔𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲𝘀: - Offers access to investors and venture capital. (London is one of the world's leading financial centers which attracts investors and venture capital from around the globe) - Hosts a myriad of networking events, conferences, and forums, providing ample opportunities for businesses to connect and collaborate. - The cultural diversity of London stimulates innovation and creativity and offers a fertile ground for businesses to thrive. - London boasts excellent transport infrastructure, including airports, seaports, and a well-developed public transportation network that facilitates global connectivity for businesses. The United Kingdom  is more than a destination, it's a gateway to unparalleled opportunities. ⚡ Ready to grow your business globally? Omega simplifies cross-border payments and international expansion. Gain access to global markets, financial incentives, accountants, legal advisors—all under one platform. Let's unlock opportunities together in the UK. Contact us now ➡ https://omg.one/ #CrossBorderPayments #BusinessExpansion #BusinessAccount #UKMarketEntry #UKCompanyFormation #InternationalPayments

In today's ever-evolving landscape, we have observed a growing trend within our network: an increasing number of individuals are exploring foreign residences and citizenships.   In response to this emerging trend, BBR's Michael Wolson partnered with Melvin Warshaw, Esq. and David Lesperance, J.D., of Lesperance & Associates, to explore the process for securing a foreign residence and/or citizenship; reasons why, how to do it, and various tax implications.   Reach out if you have any questions or if there are specific areas you would like to discuss! https://lnkd.in/eT_X-jfb #BBRPartners #WealthManagement #CrossBorder #CitizenshipByInvestment #International #ResidencyByInvestment #Relocation #BackUpPlan

I'm interested in exploring solutions that help US expats in Europe invest... As a US citizen living in Europe, I have a surprisingly difficult experience trying to have a normal financial life here. Due to a combination of US tax law and EU regulations, US expats are often—for all practical purposes—blocked from using many financial services and doing best practice things like investing in funds. How have other Americans in Europe dealt with the problem of investing?