Tax by Industry: Automotive
An imperative for automotive executives is the need to consider taxes when devising and executing their globalization and corporate development strategies. The tax costs or opportunities from decisions related to supply chain, technology innovation and product development can mean the difference between success and failure.
Improving your ability to compete today means having a sustainable, tax-efficient structure. With the complexities of legal ownership, the supply chain and distribution networks, it is critical to consider the big picture of tax impacts, including transfer pricing, local country taxes and ultimate repatriation. In the push to reduce structural costs while enhancing product value, you need to identify every possible opportunity for tax savings, including research and development tax credits, incentive-based tax reductions and the timing of other available tax deductions. At the same time, you can’t ignore the importance of managing the regulatory impact of your decisions. Companies must address compliance issues proactively — or face potentially devastating repercussions. Understanding the intricacies of your company's tax issues and opportunities can give your company the edge it needs to get, and stay, competitive. Our integrated team of tax specialists and consultants can help.