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.
Startups and other early-stage companies may have world-changing ideas, but they often need help with the day-to-day aspects of running a growing business, from incorporating an entity to registering a payroll to fulfilling reporting and other compliance obligations. Many startup founders don’t know the full extent of their obligations, and may not have the time and inclination for getting and staying compliant. Those are just domestic concerns. These days, startups are expanding internationally much earlier in their lifecycles, sometimes from day one. Unfortunately, the challenges of expanding and operating abroad can be quite different domestic considerations. Failing to understand and comply with the laws of target countries can be every bit as damaging to a company’s bottom line and reputation as falling afoul of domestic legislation.
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 OECD and IMF have reported recently that global economic momentum has faltered and is likely to remain slow. Inhibiting factors include trade tensions, corporate and government debt, disruptive technologies and more. Corporate leaders are well aware of the trend. As one Harvard Business Review article puts it, “Many C-suite executives are already anticipating recession in the next few years and quietly gearing up for it.”