India has instituted key reforms to ease the tax burden on start-ups and make it easier for investors to contribute to their success. These changes are part of a larger plan to create jobs and further elevate the country's rising economic stature.
The Australian Taxation Office issued a combined $2.9 billion in tax bills this month to seven multinationals, including Apple, Google and Microsoft. The ATO’s actions come three months before the effective date of Australia’s widely heralded diverted profits tax, known as the Google tax. Here’s what you need to know about this important legislation.
The Indian Tax Authority issued the new 37BC rule that relieves non-resident businesses of the requirement to obtain an Indian tax registration known as a PAN when claiming reduced tax-treaty withholding rates on certain types of payments. Here's what it means for you.
Yesterday UK voters decided to leave the European Union. The decision will have serious implications for multinationals operating in the UK. It’s important to keep in mind, however, that any changes resulting from yesterday’s referendum are months away. Now is the time to take a measured approach to how your business will likely operate in a UK that is not part of the EU, basing your strategy on the probable consequences of yesterday’s vote.
Nearly all countries charge some type of indirect tax on the local sale of goods or services. Understanding your company’s obligations and liabilities with regard to indirect taxation and devising effective tax compliance and mitigation strategies is an important ingredient in the success of an overseas endeavor.
In this week's Global Glance, you’ll read about how to eat healthy meals when dining out, why one country’s tax authorities are targeting Netflix and other digital providers, and why solar-energy panels may be better off on large farms than on your roof.
It is important to consider the kinds of obligations you’ll encounter during the planning stages of an M&A “carve out” deal. Many of the obligations you’ll have to take on after the transfer will be dictated by the laws of the target country, which can be quite different from home-country laws.
One of the wrinkles of international business that most often takes companies by surprise is Agency PE — in which the mere presence of an agent you control on the ground in a foreign country can trigger permanent establishment there.
U.S. institutions often send their U.S.-based faculty and staff to work abroad on short- and long-term assignments. Home campus administrators, often already overwhelmed by domestic compliance requirements, may be forgiven by their coworkers for making incorrect assumptions, but local authorities will not forgive an institution for failing to fulfill obligations when conducting activities in-country. Failure to comply can result in fines and reputational damage for the institution.This post lists some precautions you can take to protect your institution when sending faculty and staff abroad.