International Considerations for the LLM or MT Graduate

A Master of Laws in Taxation (LLM) or Master of Taxation (MT) can help law, accounting and business experts expand their professional network and pursue international career opportunities. LLM and MT program graduates can consider the following points if they want to work for multinational U.S. or overseas firms.  

International Tax Course Provides Grounding in Global Tax Matters

grad tax image 1 Image via Flickr by litratcher An international tax course can offer a knowledge base in global tax topics for students who want to work abroad after graduation or for multinational companies with their headquarters in the United States. International tax is a required part of Villanova University’s MT-degree program and an elective course for the LLM in Taxation-degree program.   Villanova’s international tax courses cover wide-ranging topics, including advanced treaty concepts, branch profits tax, foreign tax credit and credit limitation concepts, taxation of foreign losses and taxation of foreign currency transactions. These topics offer a comprehensive understanding of the rules of U.S. international taxation for inbound and outbound multinational businesses. These principles can be useful for graduates who work with local firms with international offices or clients and organizations based abroad.  

Specializing in International Law Can Lead to Several Careers

Graduates with a comprehensive understanding of international law can gain knowledge needed for jobs in organizations in the United States and around the world. For example, Villanova University graduates of the Graduate Tax program include individuals now working as a director of tax and investor relationships in Korea and as an international tax director in London, United Kingdom.   Closer to home, Villanova University Graduate Tax program alumni also hold senior positions at multinational firms based in the United States, including DuPont, KPMG and Campbell Soup Company.  

Speaking Another Language Can Be Advantageous

While English may be considered a “universal language” commonly used in the business world, according to World Atlas, speaking another language can offer an advantage for professionals who want to work in international business.   Ryan McMunn, language expert and chief executive officer of BRIC Language Systems, told U.S. News & World Report that people who are fluent in a second language can expect to earn 10 to 15 percent more than candidates who speak only English.   “I never would have been successful in China had I not learned how to speak Mandarin,” he explains. “By learning a second language, I had an opportunity to develop relationships with Chinese executives and conduct business in ways that otherwise would not have been possible.”   According to Andrew Henderson, an entrepreneur writing for Nomad Capitalist, Arabic, Spanish, Russian and Portuguese can be valuable languages for working in an international business environment. All these languages are spoken in several countries, and in some cases, on several continents. These languages can be useful for communicating with colleagues and clients in many parts of the world.   LLM in Taxation and MT degrees can open a world of opportunities for professionals interested in taxation policies and principles. These programs can serve as useful qualifications for legal, finance, and business professionals interested in working with multinational companies or firms based overseas.

The articles, materials and information (referred to as “Content”) provided via this site are for personal, non-commercial, informational purposes only. None of the Content constitutes, or is intended to serve as, legal, financial or tax advice. The Content does not convey the official position or endorsement of Villanova University. The Content is provided “as is” and without any warranties, representations or guarantees, and any implied warranties, representations or guarantees are hereby expressly disclaimed. Any tax analysis or observations included in the Content may not contain a full description of all relevant facts or a complete analysis of all relevant tax issues or authorities. In addition, any tax analysis or observations contained in the Content is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending any transaction or matter addressed herein. Individuals should consult their legal, financial, tax advisors for a full analysis and advice related to their specific facts.