As a region with a long industrial history, Europe has a complex fabric of entrenched worker rights conveyed through trade unions, works councils, employee delegates and collective bargaining agreements. To better understand the overall situation, let’s take a look at each item in turn.
Many UK employers and employees do not realise that staff sent abroad may have to pay taxes and file personal tax returns in both the UK and the host country.
The global growth experts at U.K.-based Radius say they’ve helped a couple hundred companies grow overseas, including Tesla Motors Inc. Radius reduces the risks of expanding abroad by setting up foreign entities for clients and providing them with accounting, bookkeeping, payments, payroll and banking services.
Even for the most successful companies, international expansion can be exceedingly difficult. From world-renowned operations such as Disney to fast-growing start-ups like Groupon, the unexpected challenges—and even failures—of expanding overseas often can be attributed to people.
As businesses expand across borders, they must understand the complexities of transactions between divisions, subsidiaries and companies that are under the same ownership but operate in different tax jurisdictions.