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Faegre Drinker | U.K. Immigration 101

Feel free to also check out below Faegre Drinker's 'The U.K. Immigration Video Series': As employees, business leaders and travelers begin to adapt to the U.K.’s post-Brexit immigration system, a strong grasp of the most commonly used visa categories — including new visas established as a result of Brexit — is essential. To help you get up to speed, Faegre Drinker created a series of short videos providing basic overviews of each visa category, prepared and narrated by the...
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Loyens & Loeff | The Netherlands brings entity tax classification rules in line with international standards

The current Dutch tax classification rules for Dutch and foreign entities (such as partnerships) are quite unique and therefore deviate from international standards. In particular, this has caused ‘hybrid entity mismatches’ in an international context. For this reason, the Dutch government has (finally) proposed to overhaul these rules with certain legislative proposals. These proposals are open for consultation until 26 April 2021. The new rules, if enacted, should enter into force as per 1 January 2022. Current entity classification rules To...
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Pirelli’s Cyber Tyre: When Tyres Talk

For the first time in the world, a new car fits tyres with sensors that can talk to a car as standard. This world premiere when it comes to original equipment is thanks to Pirelli’s Cyber Tyre system, made up of a sensor in each tyre that gathers vital data for safe driving, linked to software integrated into the car’s onboard computer. The car in question is the McLaren Artura complete with sensor-equipped tyres: a hybrid supercar packed with...
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Jaguar Freight | Suez Canal Blockage Shows Extent of Shipping Struggles

Think you had a bad day at the office, well just imagine the week the Captain of The Ever Given has had! But hey, sometimes we just have to laugh otherwise we’ll cry, and this meme .gif we found on Reddit.com definitely does the trick! We promise it’s worth a watch. Watch on Reddit here But, back to the real news… With the backlog of vessels in one of the world’s busiest waterways, a range of new blocktrain and LCL services between...
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Vulcan Insight | EU leaders pass decision on vaccine distribution to ambassadors

After hours of discussion on how best to redistribute an extra load of 10 million doses of the BioNTech/Pfizer vaccine, following criticism of some national leaders in past weeks, the EU Heads of State and Government agreed to pass the measure down to ambassador-level for a decision. The debate followed Austrian Chancellor Sebastian Kurz’s recent “surprise” at “discovering” that Austria had received less than its technically allocated share of vaccines. According to him, this was due to what he described...
COVID-19 News, Member News

Marks Paneth | Planning Considerations to Maximize the Benefit of Employee Retention Credits

The Employee Retention Credit (ERC), first introduced in the CARES Act, is a refundable payroll tax credit that essentially represents an elimination of the employer’s 6.2% FICA tax on at least a portion of an employees’ wages and a government subsidy for the remaining amount of the credit. It was set to expire on June 30, 2021, but the recently signed American Rescue Plan Act has extended the ERC through all four quarters of 2021, which can provide significant...
COVID-19 News, Member News

RSM | Transfer pricing in COVID times – an interim report

A year on since the catastrophic spread of COVID-19 dramatically impacted the lives and businesses of people around the world, the effects continue to be felt. Over the course of 2020, global middle market companies were required to reset supply chains, review the effectiveness of their group structures, and re-evaluate the transfer pricing implications of transactions for intra-group goods and services. This has been paired with increased reporting requirements both globally and locally, and an ongoing revenue authority focus...
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Vistra | Six important considerations for businesses with remote workers

As the pandemic recedes in many places, some employers have announced plans to extend their work-from-home policies indefinitely. Google, Microsoft, Amazon, Twitter and Facebook are among the growing list of major corporations to embrace the shift and acknowledge the benefits of remote work. Not only is there evidence that employees prefer the flexibility of working from home, but there are also significant benefits for employers. According to a Global Workplace Analytics survey, businesses can save roughly $11,000 a year for each employee who works remotely just...

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