China has announced significant changes to its individual income tax (IIT) regime. Many of the changes are intended to benefit Chinese citizens, but the new regulations also affect foreign workers based in China.
Despite opposition from business quarters and serious glitches during testing, France is moving ahead with a plan that will require employers to withhold income tax from employee paychecks starting in January 2019.
Last week, Singapore’s finance minister announced the 2017 budget. We’ve summarized its most important points for foreign entities doing business in Singapore and for those considering expanding there.
Today’s superstar athletes are powerful corporate brands, and they and their teams are looking for creative ways to reduce personal and corporate taxation. UK soccer clubs are compensating players and some coaches under a tax scheme that has some wondering if teams, players and coaches are effectively engaging in tax evasion.
There are a number of international tax issues that affect providers and purchasers of cloud computing software, including characterizing software payments. Characterization affects how software receipts are taxed and whether withholding tax should be applied. In short, software-payment classification can have a big impact on the overall profitability of a sale and the cash flows associated with it.
On March 24, Singapore’s Finance Minister Heng Swee Keat announced the Singapore budget for the 2016 financial year. An outline of Heng’s speech to parliament, with links to passages by topic, is available on the government website. Since the full text runs to over 14,000 words — or 72 pages in the downloadable Word document — we’re summarizing the budget’s important tax-related points here.
Hypothetical Taxes are part of a tax equalization policy — a way of ensuring that your expats do not incur a tax penalty or tax bonus by working in another country.
By John Bostwick,Technical Writer, Higher Education and Nonprofits
By Bob Lammey, Senior Director Higher Education and Nonprofits
By Christina Caamano, Director of Advisory Services, Americas
Last week's webinar Doing Business in Germany: Avoiding Common Pitfalls encouraged a lot of discussion. There were several interesting questions from attendees for HSP's Germany experts; here are some of the highlights, and answers:
Does hiring an employee as a NRE create a permanent establishment in Germany?
Last week’s webinar The Expat Trap: Maintaining Sanity in Expatriate Management, encouraged a lot of discussion, as oftentimes, one of the first steps in any international expansion is setting up an expatriate overseas.There were several interesting questions from attendees for HSP's expatriate expert Katie Davies; here are some of the highlights, as well as Katie’s answers: