Until recently, companies selling online to US customers in general did not have to pay sales tax in states where they had no physical presence, but that has changed. Here's what multinationals need to know.
A new US multistate tax amnesty program allows online sellers to seek relief from past-due sales and similar taxes. Sellers based outside and inside the US must act immediately to participate.
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.
In any tax system, a high level of certainty is required for both ease of tax administration and the efficient collection of tax liabilities. Likewise, for companies and their stakeholders, domestic and international tax-related certainty is a fundamental goal. The UK’s EU referendum and potential exit from the European Union represent serious threats to this desired stability. And the biggest challenge businesses will face from a potential “Brexit” will be negotiating the resulting uncertainty.
In this week's Global Glance we look at China’s workplace culture and its evolving labor movement; why more Americans are renouncing their US citizenship; and global New Year’s traditions.
There are many reasons to consider a carve-out transaction, from obtaining a cash infusion to introducing a new business line. But no matter what your motivation — or the size and age of your company — proper tax planning will allow you to better realize the full value of the business unit in question. Such transactions, which involve international elements and establishments in a number of jurisdictions, are particularly complex.
Effective January 1, 2015, France now permits an optional value-added tax (“VAT”) reverse charge procedure. The announcement follows the successful implementation of the procedure in the Netherlands and Belgium, both of which have enjoyed greater levels of trade.
We’re seeing more business travellers than ever undertake duties that look a lot like expat assignments, spending long periods in a country and performing activities that government officials might argue fall outside the limits of their business traveller status. Here are some final tips on border control navigation for business travellers.
We’re seeing more business travellers than ever undertake duties that look a lot like expat assignments, spending long periods in a country and performing activities that government officials might argue fall outside the limits of their business traveller status. Here are a few more tips on border control navigation for business travellers.
We’ve observed a growing number of enterprises leaning on business travellers as a low-cost alternative to traditional expat postings. As a result, we’re seeing more business travellers than ever undertake duties that look a lot like expat assignments, spending long periods in a country and performing activities that government officials might argue fall outside the limits of their business traveller status.
Sometimes, opening a bank account is quick and easy. In the US and UK, you can do it on your way out of a grocery store. That’s why many of our clients are surprised by their experience trying to open a business bank account abroad: It can be one of the biggest pain points of an international expansion.