Over the last few years, particularly post-Brexit, the complexities associated with UK businesses exploring expansion into new markets, particularly in the US, have cast a shadow over the ambitions of UK enterprises. Despite the opportunity to increase profitability, UK businesses have shied away from international expansion due to the tiers of tax obligations required in the US.
Even now, 250 years after the Boston Tea Party, UK businesses find themselves grappling with tax complexities not too dissimilar from those that triggered the historic tea party rebellion in 1773. Recent data commissioned by Avalara explores the weight that cross-border tax obligations place on British businesses, and the ways it hampers global scaling and innovation.
