Kolkata, Nov 28 (UNI) Investors should consider important factors like Labour Laws, Product Liability, Risk of Litigation and the Tax regime before planning a venture in the U.S., says Michael Kraus, Partner, Smith, Gambrell and Russell, LLP, USA.
Mr Kraus highlighted critical areas of taxation and other legal regulations to be considered before investing in the U.S. recently at a Seminar organised by Bharat Chamber of Commerce on ‘Expanding in the U.S. Market – Legal Considerations for Indian Companies’.
Speaking on Tax laws in the U.S., Mr. Kraus stated, “Taxation system in the U.S. is unfortunately very complex. There are 51 tax jurisdictions in the U.S. for each of the 50 States and for the District of Columbia with each of them having separate Corporate Laws, Environment Laws, Commercial Laws and Real Estate Laws.