World News
UK 2nd in the world for foreign direct investment according to UN report Global flows of foreign direct investment have been severely hit by the COVID-19 pandemic but the UK is amongst those nations leading the way back. In 2020 foreign direct investment (FDI) fell by one third to $1…
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Biden’s global business tax plan President Joe Biden’s plan for a 21 per cent minimum global business tax rate has been met with resistance from the UK chancellor Rishi Sunak. Though there is considerable opposition pressure on the chancellor to endorse the US plan, Sunak said he would consider a…
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Biden’s $1.9tn stimulus set to boost global economy President Biden’s Covid-19 Relief Bill has been sold as a tool to boost the US recovery, but the wider world will also welcome the stimulus package. We know that when America sneezes the world catches a cold, and America has indeed been…
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Are you really ready for Brexit? Join The Company of Entrepreneurs' sponsors as they host an online Brexit briefing at the end of this week's Global Entrepreneurship Week. Friday 20th at 11am - One Hour, Three Experts and hosted by the talented Jon Hammond. If you've got Brexit questions then…
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California’s Proposition 22: It Passed, Now What? Paul Mello and William D. Taylor* California, for better or worse, has long been on the leading edge of labor and employment law developments that have broadly impacted business in general and the transportation industry in particular. Often California’s courts are quick to…
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Setting up business in California When I was asked to write an article about the practicalities and pitfalls of setting up and doing business in California, I had an immediate negative reaction to the state I have called home for a decade. As a long-time Board Member, COO, CFO and…
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Avoiding the new plague: ‘International Zoomitis’! – make your online conversations count Do you remember the days when you could have a chat around the water cooler and exchange stories with colleagues, without having to be two metres apart? When you didn’t have to try and understand what people were…
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Key currencies at a glance Since the outbreak of COVID-19, currency market participants have paid less attention to economic data. However, in the wake of several important central bank decisions, we could see a return back to traditional fundamentals moving the market. OFXperts expect the key drivers to be: Central…
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Why manufacturing and tourism fare badly during economic crises Manufacturing and tourism are two key drivers in some of the world’s major economies. They are also sectors hit disproportionately hard during an economic crisis, when discretionary spending declines. During a crisis caused by a pandemic, both supply and demand are…
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Could your business benefit from reduced employer costs for a first employee in Belgium this year? According to Briars’ Belgium partner Pro-Pay, it is distinctly possible. For a company that has never hired an employee in Belgium before, the cost of labour is reduced due to lower employer social security…
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Plan for Recovery There are a lot of articles and resources dedicated to helping businesses think differently and adjust post Covid-19. Changing your strategy and business model is inevitable for many businesses, BUT the question as to whether you rebound and survive will all come down to how well you…
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Filing US tax returns is a well-known responsibility of American ex-pats, but the Foreign Bank Account Report (FBAR) is often forgotten. This can be costly, as failing to file the FBAR can draw the attention of the IRS, and lead to some harsh penalties. A United States person that has…
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Crises that affect world markets tend to hit with little warning and major impacts, leaving everyone from traders and investors rushing to find ways to limit their losses while the catastrophe unfolds. The various crises we have seen in the last 50 years have happened for many different reasons, but…
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Getting economies back on their feet whilst trying to control the spread of an invisible killer. Those are the general aims of responding to Covid-19 - the world’s most unwelcome recent visitor. All economies that have the resources are more or less following similar practices such as social distancing (at…
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Is there a straightforward answer? Irrespective of where in the world you want to open that next office, adherence to a tried and tested roadmap to guide you through the underlying requirements will be essential. This generic map is subsequently anchored by local laws, tailoring your solution to ensure ongoing…
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In a single year, HM Revenue & Customs’ (HMRC) crackdown on overseas tax evasion has seen a massive increase in the number of people admitting to not paying tax. According to a Freedom of Information (FOI) request, 867 British expats declared they failed to pay the amount they owed in…
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You might have heard about IR35 changes planned for April 2023. However, in October 2022, Chancellor Jeremy Hunt announced he would scrap most of the unfunded tax cuts predicted in the mini-budget, which also affects IR35. As of July 2023, there have been no changes regarding the IR35 legislation, and…
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Shining a spotlight The #MeToo movement has put sexual harassment in the spotlight, initially driven by a surge of allegations against high profile and celebrity figures and the subsequent injunctions that aim to keep allegations out of the public eye. However, the movement has grown beyond Hollywood, found widespread support…
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