No Direction Home: Tax And Legal Planning For Multi National
Hit songs and the successful bands that record them are not limited to one territory. We now have band members spread over three or four territories, which requires careful coordination of legal and accounting matters. This session traced the legal and accounting issues of a fictional group, its members and corporate entities, from recording to touring, addressing along the way: tax residence, international tax structures, estate taxes without borders, contract jurisdiction shopping and impact of income streams, expansion overseas by US entities, treaty protection and domestic law in a changing environment, royalty remittances, and trademark issues (i.e., Rhianna and Ukulele Orchestra cases).
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