Organizations deemed by the U.S. to be foreign financial institutions must be fully compliant with FATCA by January 1. As a result, some U.S. taxpayers with assets in these institutions may see their accounts frozen.
Significant changes to Canada’s Labour Code recently took effect. They're meant to modernize Canada’s employment standards, including helping workers achieve better work-life balance.
New Zealand has published new guidance to the Protected Disclosures Act.
The U.S. Department of Labor has announced the final decision on a rule that will make 1.3 million American workers eligible for overtime pay.
The Work Injury Compensation Bill 2019 aims to enhance protections for both employers and employees in the workplace.
The European Union Council has adopted new regulations that provide greater protection for whistle-blowers.
Australia's Fair Work Commission has made important changes to the way employers must calculate and record annualised salaries.
Amendments to Ireland's Parental Leave Act will increase parental leave entitlements over the course of a two year period.
The EU's Work-life Balance Directive has taken effect. The new law aims to improve access to family leave and flexible work arrangements in all EU Member States.
New Zealand has approved the Employment Relations (Triangular Employment) Amendment Act.
The Organisation for Economic Co-operation and Development published a proposal to ensure large multinational enterprises, including digital companies, pay tax where they have significant consumer-facing activities and generate profits. The OECD is seeking public comments on the proposal until 12 November 2019.
The IRS published proposed regulations related to Sections 451(b) and 451(c), providing guidance for taxpayers that use an accrual accounting method and have an applicable financial statement and/or receive advance payments.