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Showing posts from August, 2019

Best Ways for Americans to Make Donations to International Charities

Donating to a non-profit charitable organization is one of the best ways of helping others who are in need. In general, there are several charities that work for different causes such as providing disaster relief, healthcare facilities for the poor, protecting animals from cruelty, etc. Considering the USA, charities raise billions of dollars each year for the betterment of mankind, the animal kingdom, and the planet Earth. In fact, the annual charity generation in the USA is one of the highest in the world. Among the billions of dollars, most donations are made to the US charities while the remaining small portion goes to the international charitable organizations. No doubt, there are many Americans who are eager to donate their fortune to international charities but due to some reason they don’t. One of the foremost problems is that most international charities do not provide tax deductions to the US citizens and as a result, most people choose to make donations to US charitie

American Minimultinationals and their US Tax Obligations

Large companies that operate in several countries are known as multinationals. A company that is US-based and operates in several countries is identified as an American multinational company. However, most people are quite unaware of the existence of mini-multinationals. Indeed, an American mini-multinational is also a US-based firm working internationally but its scale of operations is smaller as compared to a multinational company. Exposure to the Taxation Evidently, the taxation rules and regulation imposed by the US are quite harsh for both the individuals and businesses. FYI, the Internal Revenue Service (IRS) of the United States has the responsibility to collect the taxes and ensure tax codes are followed properly. When it comes to mini-multinationals, these businesses also need to pay taxes on their worldwide incomes just like any other US citizen. Consequently, it becomes essential for such foreign business entities to prioritize tax planning for minimizing th

Things to Consider While Making Donations to Charitable Organizations

Making donations for good causes has been prevailing in the world for many years. However, in a few recent decades, the charity activities increased exponentially and today a huge amount of donations are made every year collectively by individuals and businesses. Among many generous countries in the world, the United States of America is a prominent name. The yearly donations raised by the Americans count in billions of dollars with a significant proportion going to the local charities. While many US donors want to donate more to international charities, there are few reasons that restrict the flow of donations outside the US. While donating to charities is definitely good work, it is important to lay emphasis on various factors associated with it. Some of the most important things that any individual who is willing to make donations should consider are as follows: • Doing a Thorough Research on the Charitable   Organization One of the most important activities that many peopl