The opening of markets and the insertion of Chile in this business logic have boosted the national economy dynamism. At the same time, local and international regulations have been adapting to the new business models to regularize and, of course, protect the countries’ interests. Both for the businesses that occur within and outside their borders.
It is increasingly common for Chile to receive foreign investors from Latin America, North America, and Europe, as well as for companies with residence in Chile to do business outside the national borders. This point is very important to clarify International Taxation and how to take advantage of all the existing tax benefits for a real profitable business.
Global companies require global tax planning. It is not enough for a multinational company to adapt separately to each of its local operating environments. Local, regional, and national factors must be considered to make a successful multinational company thrive and adapt to all its environments. Tax is one of the most important variables due to its determining function to select what type of corporate structure is appropriate, where intellectual property should be located, and how global supply chains should be configured to help mitigate global effective tax rates.
On the other hand, it is possible to mention some basic principles with which the State and the companies must be consistent to improve international business or transactions in markets around the world. Among the main ones are:
Finally, it is worth mentioning that International Taxation principles may change, although not constantly, and adapt to new governmental or business trends. Countries adjust their rules to help companies invest fairly and profitably, but without neglecting local development.
