This August, the Indian parliament passed legislation which introduced a Goods and Services Tax (GST) which will take effect on April 1st, 2017. The new GST tax regime will have an impact on all aspects of business in India.
Asia is known for its large and thriving economies. With government reforms aimed at lowering the barriers to entry, doing business in Asia is increasingly a destination for companies looking to expand their business globally.
The events of 2015 and 2016 have marked a shift in the global threat landscape with transnational terrorism returning as a key business risk and the convergence of domestic radicalization, mental health and personal grievance emerging into the risk conversation.
Any activity carried out by a business in a country that results in revenue being generated or value created is likely to be deemed by local tax authorities as a permanent establishment, or “PE.” Local tax authorities will in turn assess corporate tax on deemed revenue arising in-country. In most countries, in order to recognize a PE — or a taxable presence — the revenue-generating entity needs to be formally registered under some corporate identity, typically a branch, representative office or subsidiary.
Employment laws in foreign countries are often complex and are typically designed to protect the worker, not the employer, so extreme care should be taken when hiring independent contractors (aka “service contractors” or “self-employed contractors”). An independent contractor may later be deemed an employee by the host-country authorities during or after engagement, leading to substantial employer penalties and reputational damage which far exceed the cost of employment.
BioMed Realty needed assistance sending employees abroad and looked to Radius to provide authoritative information and advice to lower costs and risks associated with the assignment. Read the case study.
On July 12, 2016 the European Commission officially adopted the EU-US Privacy Shield. This guide will tell you why this is good news for US companies transferring data to and from the EU, and will tell you what you need to do now.
As successful companies expand internationally they develop HR operations that are flexible and can adapt to local markets and changing business needs.
A properly structured intercompany service agreement should reflect the entity structure and revenue model that serves as a reference point for the terms and conditions of cross border transactions and support a business’ transfer pricing positions.
If you’re operating overseas in multiple countries or opening an office in a new country for the first time, accurately forecasting your international budget for the coming year can be really difficult. Learn about key operations budget areas that can trip you up as you plan for 2016.