Financial management in international business: tax optimization and financial planning strategies

This book presents a comprehensive study of the changes in the global financial system driven by digitalization and the development of electronic payment systems. It explores the key factors that determine the spread of these technologies across different countries, including economic, social, and technological aspects. Special attention is given to the differences in the application of electronic payments in developed and developing countries, as well as the role of digital literacy and public trust in adopting innovative financial solutions. The first chapter addresses the theoretical foundations of financial management in international business, analyzing the main models of financial structures of transnational corporations (TNCs) and the role of globalization in their evolution. The regulatory environment and the influence of international financial institutions on the development of financial regulation standards and mechanisms are also highlighted. The second chapter focuses on tax optimization strategies in TNCs. It examines international tax regimes and their impact on corporate finance, as well as specific tax mechanisms such as transfer pricing, the use of offshore structures, and new global initiatives. The third chapter examines the management of financial risks in international business. It explores currency risks and hedging mechanisms, as well as the importance of effective liquidity and cash flow management in the context of globalization. The fourth chapter is dedicated to the future of financial management in the era of digitalization and globalization. It discusses changes in the financial models of TNCs under the influence of new technologies such as artificial intelligence, blockchain, and decentralized finance (DeFi). The impact of global tax reforms on strategic financial planning for transnational companies is also analyzed. This book holds practical value for professionals in international finance, tax planning, and risk management, as well as researchers studying the impact of digital technologies on economic development.