Privately held businesses (PHBs) need to pay more attention to local tax regulations when deciding where to invest overseas, suggests the latest research from the annual Grant Thornton International Business Report.
17% of PHB owners globally do not consider the local tax regimes when investing in another county. Amongst PHBs who did consider tax in their overseas decision making, the most popular tax incentives were a tax free period of five years (41%), low tax rates on business profits (39%) and a stable tax regime (38%).
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