The UK has introduced rules to eliminate the advantages of owning UK property through an offshore investment vehicle such as a company or trust. The process is known as "enveloping," and as a result of the new rules, many shareholders of UK companies are considering "de-enveloping" their properties by transferring them to personal ownership.
As a multinational business expands it becomes more complex and difficult to manage. Whether your organization has grown organically and/or through acquisition, just keeping track of your legal entities can become challenging, to say nothing of understanding why they were established and if you still need them. Just as important is understanding and fulfilling your compliance obligations in all your countries of operation. Each entity will have its own set of local corporate filing deadlines, director requirements, bank account considerations and more. Even if you eventually get control over these obligations, one or more of your countries of operation will change an existing regulation or add a new one, leaving you scrambling to comply.
Recent, long-anticipated changes to Canada’s Labour Code came as a result of increased global competition and rapid technological advancements that have altered the way businesses operate. Here's a summary of the most important changes.
This month, the OECD proposed rules to ensure multinational companies pay tax in countries where they have significant consumer activities and generate profits. The rules could effect a radical shift in how businesses are taxed.
In this second post of a two-part series, we look at how coming EU VAT changes will affect e-commerce businesses based outside the European Union. We also look at the role of online marketplaces under the changes.
The European Union Council has adopted new regulations that provide greater protection for whistle-blowers.
Australia's Fair Work Commission has made important changes to the way employers must calculate and record annualised salaries.
Amendments to Ireland's Parental Leave Act will increase parental leave entitlements over the course of a two year period.
The EU's Work-life Balance Directive has taken effect. The new law aims to improve access to family leave and flexible work arrangements in all EU Member States.
New Zealand has approved the Employment Relations (Triangular Employment) Amendment Act.
The Organisation for Economic Co-operation and Development published a proposal to ensure large multinational enterprises, including digital companies, pay tax where they have significant consumer-facing activities and generate profits. The OECD is seeking public comments on the proposal until 12 November 2019.
If your business sells or plans to sell goods online to EU-based customers, there are important VAT changes coming. In this first post of a two-part series, we explain what these changes mean for businesses that have an EU presence.