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.
In January 2017, the Australian Taxation Office (ATO) published new guidance on transfer pricing. The publication is part of a trend of tax authorities in all jurisdictions cracking down on profit shifting. This post provides some important steps you can take to ensure your organization stays compliant with evolving corporate tax laws.
The Australian Government issued its 2016 Federal Budget yesterday, and there are significant implications for multinationals operating there. This post is a summary of important points covered in the announcement, with an emphasis on foreign businesses.
Taking the time to research laws and documentation requirements for foreign countries can be challenging and time-consuming. But not doing so poses serious risks for your company’s pocketbook and reputation. Penalties for neglecting to file documents, reporting information incorrectly or failing to pay taxes can be severe enough to spark civil or even criminal legal proceedings against your company’s directors. And pleading ignorance of such obligations is no defense.
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.
by Dafydd Williams, Senior Director Advisory Services APAC, High Street Partners
If you’re a nonresident doing business in India, a couple of newly issued regulatory changes are likely to affect your business. Get ready for even more paperwork.
By Bill Thomas, Executive Vice President and Chief Operating Officer
When American businesses venture abroad, they face serious challenges: ensuring compliance, managing tax implications, and aligning their goals with the local culture. According to CFOs and senior finance executives who participated in a recent survey conducted jointly by HSP and our partner CFO Magazine, those challenges only grow when a firm’s expansion takes it into emerging markets.
Last week’s webinar Employment Law in France: Avoiding Common Pitfalls encouraged a lot of discussion. There were several interesting questions from attendees for HSP's advisory services expert Dafydd Williams; here are some of the highlights, and answers...