Singapore is planning key updates to its data privacy law, bringing the country more closely in line with the EU, Australia, and other regions that have strictly regulated the use and sharing of online personal information. Multinationals doing business with the island nation should review their procedures for collecting and processing personal data to ensure they are in compliance before the changes become law.
The EU’s second-highest court overturned a 2016 ruling ordering Apple to pay Irish tax authorities 13 billion euros for receiving undue tax benefits. Multinationals should beware of taking the ruling as a sign the world of international taxation is reverting to an earlier era.
The EU’s VAT e-commerce package is simplifying VAT rules on cross-border sales to EU-based customers. This post addresses the package’s final measures, which will affect the supply of services by both EU and non-EU businesses.
Many countries have introduced digital services taxes that apply to only very large multinational groups, while other countries’ digital taxes apply to a much wider range of businesses. India’s equalisation levy has an extremely low revenue threshold and for the time being is likely to affect more multinational businesses than any other digital services tax.
In an effort to funnel more jobs to Americans, the U.S. has implemented new visa restrictions that will make it harder both for U.S. companies to hire foreign workers and for multinationals to transfer their workers to the U.S.
As we shift to a post-pandemic economy, many employers have announced plans to extend their work-from-home policies indefinitely. But there are several important decisions that need to be made before making the transition. This post describes some of the most important things multinationals need to consider before shifting to a long-term remote-work model.