On September 30, 2017, a new law came into effect making it easier for UK regulatory authorities to directly prosecute companies for failing to prevent tax evasion.
In just three days, a new UK law will go into effect that makes it easier for regulatory authorities to directly prosecute companies that fail to prevent tax evasion.
Earlier this month, UK Chancellor George Osborne announced his Summer Budget to Parliament. The Budget made news in the UK and beyond primarily for its plan to raise the UK’s National Living Wage at the same time that it cuts welfare benefits. While the new minimum wage requirement is noteworthy for multinationals operating in the UK, there are other aspects of the Budget that will more seriously affect those businesses, for better and worse.