International Tax Lawyers San Diego | Tax Law Uniformity Trap
The Tax Dabble Trap sort of flows into the next trap; the Tax Law Uniformity Trap. In the same way the Business Lawyer believes he may be competent enough to advise on International Tax Law, he might think that there is no difference between US International Tax Law and US Domestic Law. For that person, that Lawyer, there’s only Tax Law and this is not correct.
This is exactly what the Tax Law Uniformity Trap is: the assumption that US Domestic Law and US International Tax Law are the same and this is false.
Let me give you sort of an analogy; think about pies. If you were to look at the US Domestic Tax Law, that’s your baked dough, that bottom part of the pie and International Tax Law is a big level of thick rich cream on top of that pie. There is a deep inter-relationship between the two. International Tax Law is obviously part of the overall US Tax Law but International Tax Law is different, it has a different structure, different texture, different taste if you wanted to continue this analogy.
It’s important to remember that Tax Consequences on the International level may not be the same as Tax Consequences on the US level.