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Whether you’re a tech start-up expanding into another country for the first time, an established multinational or a private equity firm preparing to acquire part of another company, you need to know your options for employing workers across borders.
Whether you’re thinking about international expansion for the first time or are experienced at maintaining operations in multiple countries, there’s a strong chance you’ll benefit from this comprehensive review of cross-border considerations.
Hiring independent contractors when expanding internationally may seem like a simple, safe and cost-effective solution to testing a new market. But each country has its own laws related to hiring and paying workers, and falling foul of them can lead to serious penalties.
The Organisation for Economic Co-operation and Development, G20 countries and other nations have for years been attempting to reach a consensus on how to fairly tax the digital economy. Until a consensus is reached, several countries have introduced their own legislation to tax digital goods and services.
Multinationals everywhere have embraced remote work, but the practice comes with risks, particularly if you pay workers across borders. With remote work, your organisation may trigger compliance obligations related to corporate tax, social security, work permits, insurance, data transfers and more. You may also need to revise your compensation and other policies.
Four things your business needs to consider in the wake of Brexit
In 2018, the EU implemented a directive known as DAC6 in an effort to promote tax transparency.
On 24 December 2020, just days before the end of the Brexit transition period, British and European Parliaments ratified the EU-UK Trade and Cooperation Agreement.
Indonesia is one of Asia's fastest growing emerging markets which presents abundant opportunities to investors and businesses.