China reduced taxes in 2019 to jumpstart an economy suffering from a trade war with the U.S. The government extended tax cuts into 2020 as the COVID-19 pandemic sent financial shockwaves through domestic and international markets. With China expected to the country is resuming normal tax activities. International legal professionals expect Chinese tax authorities to recover lost revenue by …
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On January 26 the International Monetary Fund IMF released its most recent World Economic Outlook report giving companies worldwide reason for cautious optimism about the coming year. The report projects the global economy to grow at a rate of 5.5 in 2021—a 0.3 percentage point increase from the previous forecast in October. Despite the improved outlook the IMF warns that challenges related to …
Type: Resource (Article)
For many HR teams managing employees in the United States paternity leave is a foreign concept—literally. The U.S. is one of the world’s few countries with no federal paternity leave requirements though several U.S. states include paternity leave in their paid family leave policies. While government-guaranteed time off for new fathers is relatively uncommon in the U.S. the practice is widespread …
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The world business landscape changed drastically in 2020. The historic COVID-19 pandemic accelerated trends that had been slowly building for years forcing companies and employees to change the way they work virtually overnight. Nearly a year since the pandemic’s start worldwide vaccine rollouts promise a return to some semblance of normalcy. Still companies across the globe are left with one …
Type: Resource (Article)
2020 was a year of historic success for special-purpose acquisition companies SPACs in the United States. Due to market volatility caused by the COVID-19 pandemic companies going public looked for faster more risk-averse alternatives to IPOs—and increasingly turned to SPACs. Now the SPAC craze is hitting Europe with Amsterdam emerging as the continent’s epicenter for deals. Read on to learn how …
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Biotech and life sciences firms experienced a banner year in 2020. The COVID-19 pandemic highlighted the value of innovative medical solutions leading to new opportunities for research product approval and funding. The FDA greenlit more medicines than it did in any year other than 1996. Biotech IPOs set records in both deals 74 and total value over 14 billion. Firms received the highest total of …
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Saudi Arabia has long been one of the world’s top oil-producing countries. To diversify its economy it introduced numerous business-friendly measures to attract foreign investment in recent years. In February the country unveiled Programme HQ its latest economic initiative aimed at luring overseas businesses. The new policy provides new incentives for foreign companies to establish their regional …
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Ireland’s favorable tax environment highly skilled labor force and connections to the European market make it an attractive location for companies looking to expand overseas.The country offers a low corporate tax rate of 12.5 has one of the world’s youngest most educated workforces and has proven its resiliency amid recessions. In fact international companies based in Ireland experienced …
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In today’s hyper-competitive hiring landscape HR teams spend months identifying recruiting and onboarding top talent. When employees leave for jobs at other organizations all of HR’s hard work goes to waste—and their company is left with the tab. Gallup estimates that U.S. businesses due to employee turnover. Replacing individual employees costs companies anywhere from half to double that …
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On May 1 2021 Singapore implemented a new rule affecting Dependant’s Pass DP holders working in the country. The regulation changes the requirements for DP holders seeking employment in Singapore. Read on to learn about the details of the new rule and what DP holders must do to work in Singapore compliantly. Can a Dependant's Pass Holder Work in Singapore? Singapore originally created the DP to …
Type: Resource (Article)
