How a multi-national enterprise saved

over ÂŁ3 million in tax with help from RHJ Accountants

“Company X” was founded in the UK and over the years grew to be one of the world’s leading specialty manufacturers in the plastics industry. Their ubiquitous products are used by hundreds of millions of people every day, and are seen in grocery stores worldwide, including the retail giant Walmart.

With offices and production facilities in several countries, the company’s accounting and tax situation is complex, to say the least.

RHJ Accountants international tax advisors get involved
When RHJ Accountants took on the company’s UK business, RHJ’s assessment soon revealed that the company was paying millions more in UK tax than it could have been.

The company’s directors reside in Portugal. Their Portuguese accountants’ expertise ended at the water’s edge, so their international position wasn’t considered holistically, and they were paying the price.

RHJ’s business consultancy and international tax team helped with a comprehensively global strategic tax plan. The new business structure allowed the directors to shift much of their tax burden to Portugal, where they enjoyed a lower tax rate, and get to enjoy more of their firm’s earnings, year after year.

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Some details of this story have been altered to protect our client’s confidential information and privacy.

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