B2B e-services providers that sell to customers in Russia need to be aware of changes to Russia’s VAT rules, which take effect January 1. We tell you what businesses need to register, how to register and how to account for VAT in Russia.
This post explores five train rides from different parts of the world, ranging from a bare-bones trip in Vietnam to a luxury land cruise in India featuring a presidential suite with marble floors and two showers.
After years of negotiation, the Trans-Pacific Partnership (TPP), a massive new trade agreement, was signed in February this year by 12 nations. If it is ratified — a big “if” — it will bring important economic benefits to member nations, which include the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru — but not China. At first glance, it may seem surprising that the world’s second-largest economy isn’t participating. But if you take a deeper look at the pact and its requirements, the reasons become clear. They also shed light on China’s ambitions and the other initiatives it is pursuing to support them, even as the future of the TPP itself becomes increasingly cloudy.
In this week's Global Glance we look at how Uber’s $3.5 billion injection may be a setback for women in Saudi Arabia; OPEC and global oil prices; and the mystery of King Tut's dagger solved.
Last month Uber announced that it will pay up to $100 million to settle class action claims from US drivers claiming to be employees rather than self-employed contractors. The global ride-hailing service is fighting similar battles on a number of fronts, including a lawsuit in the UK from drivers seeking worker rights and compensation for lost earnings.This new world of contingent labour does not come without costs, and is in many ways seriously testing old labour codes that demarcate the self-employed from the employed. The distinction is an important one.
This week's Global Glance looks at why financial institutions are scrambling to protect themselves against SWIFT malware; China's new restrictions on nonprofits; and China's transition to VAT.