It has become clear that flexibility is currency in the new working world and legal frameworks are evolving to catch up with the changing working culture. Four-day work-weeks, flexible working arrangements and the right to disconnect are all on offer to employees, giving the opportunity for better work-life balance, and giving employers a competitive edge in talent retention.
On 17 July 2023, the OECD/G20 Inclusive Framework on BEPS released a package of documents as part of its continuing effort to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalization of the Economy. On Pillar Two, this included further Administrative Guidance (including two new safe harbors) and the GLoBE Information Return, together with a report on the Subject to Tax Rule including a model treaty provision and accompanying commentary. We set out below our experts’ insights on these publications.
Amount B was introduced as a “fixed return” on “baseline marketing and distribution activities” in the October 2020 Blueprint of Pillar One, and was seen as a critical component of the Pillar One deal
Following the long-awaited release of the consultation document on 8 December 2022 and subsequent public commentary received, the OECD/G20 Inclusive Framework on BEPS published a consultation document on Amount B on 17 July 2023, creating renewed momentum and putting Amount B back into the international tax spotlight.
July sure is a busy month in the Two Pillar world, with various developments to digest, including today’s final piece of the Pillar Two Administrative Guidance. Here are the links to the relevant July documents. Please watch this space for our detailed alerts being prepared by our experts.
In this edition of Bite-size Briefings, we take a bite-size look at the latest developments concerning AI regulation as it affects financial services in Australia, the EU, Hong Kong SAR, Thailand, the UK and the US.
There is growing attention on private equity from antitrust regulators. In 2022, the US Federal Trade Commission placed a condition on JAB Consumer Partners’ acquisition and required prior approval and notice regarding future acquisitions in the same space. Sponsors are encouraged to be more active with legislative and regulatory engagement and behave more like large corporates.
Join us for a four-part webinar series as our US moderators welcome colleagues from around the globe to share the latest labor and employment law updates and trends. US-based multinational employers with business operations in Asia Pacific, Europe, the Middle East and Africa, and the Americas regions will hear directly from local practitioners on the major developments they need to know, and come away with practical tips and takeaways to implement.
In recent years, environmental, social, and governance issues have become top of mind for companies and stakeholders. In this video, Baker McKenzie partner Mo Alturk shares three considerations that are particularly important for franchise companies as they seek to maintain brand reputation and profitability while navigating ESG concerns. These include maintaining an awareness of required disclosures, carefully managing voluntary disclosures, and keeping a pulse on what supply chain partners are saying and doing.
Welcome to this edition of the Trade Finance Insight. In this edition, we lead with an in-depth interview with Dr George Elombi, Executive Vice President and Member of the Board at African Export-Import Bank (Afreximbank), on the African Continental Free Trade Agreement (AfCFTA). The interview will discuss the challenges of implementing the AfCFTA, the successes it has experienced so far, the anticipated opportunities it will bring to the region in mid to long term and the role Afreximbank is playing to contribute to its success.
Heightened sanctions and export controls targeting key technologies and the TMT sector are an important trend of recent years and reflect the current geopolitical climate. In this episode Anne Petterd, Frank Pan, and Alison Stafford Powell discuss the practical impact these sanctions have on TMT companies and what TMT companies should do in their strategic plans to de-risk their exposure.