Investing in the United States: Florida's tax advantages (Fr)
The most important incentive for foreign investment in the United States is the tax system in the United States.
There are also a large number of tax advantages in addition to the already favorable tax system in Florida: the maximum tax rate is 39.6% for individuals and 35% for companies.
In addition, the Franco-American tax convention provides for a particularly advantageous regime, thus the enterprise of a contacting state is only taxable in this contracting state and the withholding tax rates in the matter of dividends are only 15% or even 5% if the beneficiary of the dividend holds 10% of the voting rights of an American distributing company or 10% of the capital of a French distributing company.
Florida has many advantages:
- There is no double taxation at federal and federal level:
Indeed, at state level, there is no tax on the income of individuals or companies, with the exception of "corporations" and some other legal forms of society.
With regard to the latter, the levy remains particularly low, since it amounts to 5.5% of income.
– Il n’existe pas davantage d’impôt sur les stocks et l’impôt sur les sociétés est calcule sur le bénéfice net de la “corporation”
that is to say the equivalent of our limited liability companies and exceptionally, that of certain LLPs (known as SARLs in France.)
With regard to the French tax system, Florida thus presents numerous tax advantages not only with regard to the French tax system but also compared to other American states.
A certain number of taxes relate more specifically to individuals:
- This is income tax, the intangible tax
which is a Florida state tax on everything that is not material, but whose value derives from what this property represents (for example stock stocks); any business is subject to the intangible tax for for every 1000 dollars, the assets concerned are subject to a corresponding tax of 2 dollars.
Local authorities, counts, municipalities, school districts also collect the tangible tax which relates to all material goods and to the value of the property on January 1st.
- Finally, the sales tax specific to the federal state is the American equivalent of VAT
It relates to the total price of all sales; the rate is 6% on sales and rentals of goods and on the price of goods introduced and used in Florida, and 7% on sales of services in the energy and telecommunications.