China has done a good job of creating the appearance that it’s made it easier to establish a Wholly Foreign Owned Enterprise (WFOE, pronounced “woofy”) there, but for Canadian SMEs, nothing’s really changed. The process is still time-consuming and onerous.
As tax base erosion and profit shifting come under major scrutiny from the world’s biggest economies, the practice of corporate inversion has once again come under the microscope. While further restrictions on inversion are likely only a matter of time, ending the practice will amount to only a small patch on a global tax framework that’s come up for serious rethinking.
At firms heading towards a merger, acquisition, or divestment, executives tend to maintain a laser-like focus on the deal itself: What is the share price? What are the terms?
If your business must establish or maintain a presence in China, this represents a new HR challenge. You may be able to head off the challenge altogether if you have the flexibility to place employees in Shanghai or another alternative to Beijing. It’s a pivot that could lead to significant savings on benefits and leave you with happier employees.
Lexington biotech Shire plc, which turned away three previous buyout bids from AbbVie Inc., acknowledged Monday its executives were engaged in takeover talks after the drug maker sweetened its offer by $2.6 billion to $53.6 billion.