There are many reasons to consider a carve-out transaction, from obtaining a cash infusion to introducing a new business line. But no matter what your motivation — or the size and age of your company — proper tax planning will allow you to better realize the full value of the business unit in question. Such transactions, which involve international elements and establishments in a number of jurisdictions, are particularly complex.
In this week's Global Glance we look at a Spanish case that may force a company to bottle Coke against its will, cracking down on illicit financial flows from Africa, and a travel jacket company that received $9 million in Kickstarter Funding.
In my last post, I described a typical scenario involving a US company sending a US national to Germany on an assignment lasting between one and two years. I also gave an overview of German tax-residency laws under the US-Germany double tax treaty. In part two of this two-part series, I’ll discuss drafting an expat assignment letter and how to ensure that your company fulfills both its US and German tax obligations during your expat’s stay in Germany.
In this week's Global Glance we look at how the US-Ireland income tax treaty may save an Irish gambler millions, an international photo essay from a small-motor manufacturer, and the surprising results of a global tree census.
On September 1, 2015, important amendments to the Russian data protection and information legislation were brought into legal force. Multinationals operating in and outside Russia must be aware of the new legislation, as it applies to any business that collects data from Russian nationals, even a business selling goods online that has absolutely no on-the-ground presence in Russia.