On June 7, the Indian government announced that it would relax rules on Foreign Direct Investment in a number of sectors to encourage increased investment in the country.
Historically, dividends in Australia could only be paid out of profits and not from subscribed capital. In 2010, the provisions of the Corporations Act 2001 were amended to omit any mention of a requirement for dividends to be paid only from profits.
During the last six months, China have made a number of changes to its immigration policy, however the changes are for now only relevant to Shanghai and Beijing.
For non-EU/EEA workers, access to the Danish job market has been possible through two separate routes – the green card scheme and the pay limit scheme. Effective June 10, Denmark has repealed the green card scheme, citing issues with the quality of workers that have entered under the scheme. The change has an impact on Danish employers, making it more difficult to hire non-EU/EEA workers.
India has introduced a new tax levy this month that aims to tackle the revenue lost to non-resident service providers such as Google and Facebook. The "equalization levy" will be withheld from Indian residents that have engaged with a non-resident entity for digital services.