If you’re a business based outside the U.S. and looking to expand into that market, you’ll need to incorporate your business in a particular U.S. state. Delaware is one of the most desirable U.S. locations for both foreign and domestic businesses to incorporate. This post provides some details about the state’s advantages, and explains why your business needs to consider incorporating in Delaware without assuming it’s the best option.
After trade talks between the U.S. and China collapsed last week, prospects for a trade agreement suddenly appeared dim. Behind the scenes the two superpowers are battling over which nation will dominate as transformative technologies including AI, machine learning and 5G mobility are rolled out across the globe.
A Chinese e-commerce law went into effect January 1 and requires all online businesses to register with the government, and those that sell regulated products such as drugs must obtain a license.
The Trump administration imposed a third round of tariffs on Chinese goods, covering roughly $200 billion of imports from China. China retaliated with $60 billion of tariffs. We tell you if this is likely to be a prolonged battle and what US companies need to consider now.
In a possible about turn, President Trump recently expressed interest in reopening TPP negotiations. We look at the possible consequences of the US joining the pact.
The UK’s Autumn Budget leaves in place the UK’s low 19 percent corporate tax while vowing to tighten tax rules and crack down on online sales. This post addresses the main points of interest for corporations.
After going back and forth about international expansion for years, Lyft has decided to open its first operation abroad, in Toronto. Here’s a look at some of the challenges Lyft may face in Canada, as well as some regulatory and tax implications.
On a recent trip to Vietnam, US Trade Representative Robert Lighthizer announced that the US won't change its decision to pull out of the Trans-Pacific Partnership. Meanwhile, the remaining 11 TPP nations met to discuss the fate of the trade agreement.
Last week, Australia and China unveiled a joint statement on cybersecurity. The agreement is a reminder that, in the words of Australian prime minister Malcolm Turnbull, “the need for an open, free and secure internet goes far beyond economics.”
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.
Bloomberg reports that Apple has offered Tesla employees “$250,000 signing bonuses and 60 percent salary increases.” And it must be noted that this employee pilfering — and the attendant transfer of trade secrets and other valuable information — has in this case been a two-way street. Employee poaching between US-based blue chip rivals like Apple and Tesla grabs the headlines, but it’s a scenario that’s being played out at all levels of industry and in virtually all countries. For smaller firms, the double whammy of a loss of talent and a leak of intellectual property can be disastrous. In the face of this trend, employers of all sizes increasingly want to prevent defection through a tightly worded employment contract.
Establishing and maintaining a foreign office can be an excellent idea, and for many businesses it’s a necessity in today’s global economy. But to make foreign operations successful, you need to develop a thorough plan that accounts for a host of considerations that may not apply to your domestic operations. Not surprisingly, many of these considerations relate to local laws. This post will outline of some of the legal matters you need to consider when setting up and maintaining overseas operations.