What are the criteria for deciding on which country to manufacture a product in (U.S. vs. China/India)?
Gary Milkwick from Corporate Tax Network:
There is a lot to consider: cost of production, time, import/export expenses, ease of communication, reliability, etc. This is a very broad topic, with a lot of moving parts. If you already have offers lined up from different countries/manufacturers, and don’t know which one to choose, you may need to consider sitting down with a qualified CPA and an attorney to go through the pros and cons of each one from both the accounting and legal perspectives.
Gary Milkwick from Corporate Tax Network answers your tax questions for free on our Facebook page every Thursday at 11 a.m. PT.