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.”
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.
As a multinational business expands it becomes more complex and difficult to manage. Whether your organization has grown organically and/or through acquisition, just keeping track of your legal entities can become challenging, to say nothing of understanding why they were established and if you still need them. Just as important is understanding and fulfilling your compliance obligations in all your countries of operation. Each entity will have its own set of local corporate filing deadlines, director requirements, bank account considerations and more. Even if you eventually get control over these obligations, one or more of your countries of operation will change an existing regulation or add a new one, leaving you scrambling to comply.
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.
In this second post of a two-part series, we look at how coming EU VAT changes will affect e-commerce businesses based outside the European Union. We also look at the role of online marketplaces under the changes.