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.
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.
Vistra’s Pete Doyle has helped companies expand into the UK for nearly three decades. In this interview, he talks about evolving corporate expansion strategies, the top risks of operating in the UK, why complying with VAT requirements has an outsized importance for multinationals, and more.
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.
On September 5, the IRS published proposed regulations related to Sections 451(b) and 451(c) of the Internal Revenue Code, providing long-awaited guidance for taxpayers that use an accrual accounting method and have an applicable financial statement and/or receive advance payments.
Dubai's new employment law is part of a significant expansion plan aimed at attracting and retaining talent in the UAE. The legislation introduces several highly anticipated provisions that benefit both employees and employers.
Australia has enjoyed nearly 28 years of solid economic growth. But recent threats, including trouble in China and global currency devaluation, could turn Australia’s good fortunes around.
Leaders from the G7 countries concluded their annual three-day summit yesterday. A storyline involving France, the U.S., digital taxation and wine tariffs illuminates some of the most important economic issues of our time.
As tensions rise over the U.S.-China trade war, manufacturers have begun shifting their operations from China to Southeast Asia. For most companies, however, the strategy is to diversify rather than pull out of China entirely.
Until this year, UK employers had to acquire physical documents from their employees as proof of their right to work in the UK, a process many found needlessly cumbersome. Employers may now fulfil their obligations using an online service, which provides real-time information on migrants’ right-to-work status.
If you’re a U.S. taxpayer with a bank account outside the country, you may need file an FBAR, which is used to report foreign account information to the U.S. government. Failure to file can result in severe penalties, with fines as high as $100,000 or 50% of the account's balance.
A G7 group issued a report saying considerable work needs to be done before Facebook’s much-hyped Libra currency could gain approval and warning that cryptocurrencies could destabilise the global financial system unless they’re tightly regulated.