Our editor summarizes five things you should know about international expansion and operations, all from Vistra blog posts published last year.
The OECD recently issued information on its Pillar Two, which is part of a larger plan to prevent multinationals from shifting profits to reduce or eliminate taxes. We provide a summary of the new OECD document and explain why it’s key to understanding the changing world of corporate taxation.
The EU adopted a VAT Action Plan in 2016, and four so-called “VAT quick fixes” from the plan are going into effect in January. The quick fixes apply to all businesses — both EU- and non-EU-based — that trade in the bloc. We summarize the fixes and tell you how they apply in three common cross-border supply situations.
The U.S. Treasury and IRS released guidance this month on the base erosion and anti-abuse tax and the foreign tax credit. We summarize the BEAT and FTC regulations so you’ll understand how they’ll affect your multinational organization.
If you operate in Singapore, you need to know that 2019 is the first year of mandatory transfer pricing documentation in that country. This post addresses the new requirements and provides an overview of transfer pricing concepts.
Countries all over the world are embracing the economic employer concept and abandoning the traditional model for granting income-tax exemptions to temporary foreign workers. We explain the economic employer concept and tell you how to protect your organization when sending expats on short-term assignments.
Venture capital is undergoing profound global shifts, including a dramatic rise in investments into Asia. With various alternative-investment leadership roles over the past decade, Vistra’s Caroline Baker has been well-positioned to witness these changes. In this interview, she discusses how Chinese investors are influencing the VC landscape, why Southeast Asia is such a popular investment target, and more.
The California Consumer Privacy Act (CCPA) goes into effect 1 January 2020. The Act will affect many if not most U.S. businesses and many companies worldwide. It takes a strict view of what constitutes private data and provides for a variety of penalties, some of them severe.
Banks and certain other financial institutions located outside the United States that have U.S. account holders must achieve full compliance with the U.S.'s Foreign Account Tax Compliance Act (FATCA) by 1 January 2020. As a result, U.S. taxpayers with assets in foreign accounts may see those accounts closed or frozen in the new year.
The UK has introduced rules to eliminate the advantages of owning UK property through an offshore investment vehicle such as a company or trust. The process is known as "enveloping," and as a result of the new rules, many shareholders of UK companies are considering "de-enveloping" their properties by transferring them to personal ownership.
Recent, long-anticipated changes to Canada’s Labour Code came as a result of increased global competition and rapid technological advancements that have altered the way businesses operate. Here's a summary of the most important changes.
This month, the OECD proposed rules to ensure multinational companies pay tax in countries where they have significant consumer activities and generate profits. The rules could effect a radical shift in how businesses are taxed.