Warsaw, Poland

Another Side to Collective Redundancies

By Jeremiasz Kuśmierz, Penteris

The legal framework for collective redundancies was unified across the EU 23 years ago. However, there remain substantial differences between states and as a result, collective redundancies are still rife with challenges and costs.

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Leiden, The Netherlands

What Constitutes Express Agreement for Valid Jurisdiction?

By Michiel Teekens, TeekensKarstens advocaten notarissen

The Netherlands Commercial Court (NCC) is a specific branch of the Amsterdam Court and Amsterdam Court of Appeal, and focuses on international commercial disputes. These include summary proceedings and main proceedings. Proceedings and judgments are in the English language. Like arbitration institutes, the jurisdiction of the NCC is dependent on an express agreement by parties.

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Coffs Harbour, New South Wales, Australia

Changes to NSW Property Tax

By Tony Nunes and Lishi Huang, Kelly + Partners Chartered Accountants

The New South Wales (NSW) Government is considering a once in a generation change to the way it levies stamp duty and land tax on new property purchases. If implemented, buyers will be able to choose to pay either stamp duty and land tax or a new, lower, property tax.

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Moscow, Russia

The OECD’s Multilateral Instrument (MLI): An Update from Russia

By Valeria Khmelevskaya, KBK Accounting

Beginning from 2021, Russia has started actual application of MLI in relation to 27 nations: among them Austria, Belgium, Denmark, and some other European countries. At the same time, Russia shall not apply MLI to Germany or Switzerland and it is likely that the relevant double taxation treaties (DTT) with these countries shall be extended and revised at the bilateral level. In the case of Switzerland, the benefits might be reduced in a similar way as with Malta, Luxembourg, Cyprus, etc. (non-application of participation exemption regarding dividends and withholding tax on interest). Unlike Switzerland, Germany shall not suffer such limitation of benefits as one of Russia’s significant trade partners.

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Kassel, Germany

Germany: Implementation of Multilateral Instrument (MLI)

By Bernhard Schwechel, FACT GmbH Wirtschaftsprüfungsgesellschaft

In 2016, the OECD presented the Multilateral Instrument (MLI), which is intended to implement measures against Base Erosion and Profit-Shifting (BEPS) in a majority of double-taxation agreements simultaneously. The aim is to create international minimum standards to prevent the abuse of double taxation agreements (DTAs).

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