Tax by Industry: Travel, Hospitality & Leisure
Three words describe today's travel, hospitality, and leisure sector: constant, rapid change. Mergers and acquisitions (M&A) activity continues to alter the landscape as the industry continues to consolidate and private equity firms remain acquisitive. Emerging markets in China, India, and the Gulf States represent exciting potential new revenue streams. So do areas such as the internationally expanding gaming industry and the growing prevalence of mixed-use properties.
Multiple industry drivers bring with them multifaceted tax implications, key among them effective tax rate management. Now more than ever global companies need informed strategies for international tax structuring, repatriation of foreign earnings, transfer pricing, tax compliance across jurisdictions and more. Those growing through M&A activity can add to this list due diligence reviews, earnings and profits studies, and tax planning related to integration initiatives.
At the same time, tax-savings opportunities still abound. Key areas to consider include tax credits and incentives, tax methods of accounting and multistate tax.
All this growth and shifting in the landscape can generate real savings opportunities — if you have the right skills, tools and globally experienced professionals at the ready. Our tax specialists can help.
Download the PDF attachment at the bottom of this page to learn more.