A US entity purchases material from an entity outside the US, and that material is shipped to and warehoused in a US location. The revenue from the sale of the material in the US is shared between both the US and foreign entity.
Question: while the material is warehoused in the US, who owns the material, the US entity or the foreign entity? Or, does it make any difference from a tax perspective?
Thanks.
Question: while the material is warehoused in the US, who owns the material, the US entity or the foreign entity? Or, does it make any difference from a tax perspective?
Thanks.