By Huub Kapel, LIMES International B.V.
As of 1 July 2017, the new ‘International trade regulation’ is applicable. This regulation offers Dutch employers more possibilities to temporarily employ non-EU nationals in the Netherlands without a separate work permit. The Dutch minimum wage and holiday allowance must be applied. There is no other salary requirement. Employees falling within the scope of the Intra Corporate Transferees Directive are excluded.
By Joseph Bellinger, Offit Kurman
Case Study No. 1: An award-winning custom home builder that had been in business in Maryland for over thirty years suddenly ceased operating and filed a bankruptcy liquidation proceeding in November 2015. In the few weeks just prior to the bankruptcy filing, approximately twenty customers had signed contracts and paid deposits of up to $25,000 for the construction of their dream homes. Their deposits were not held in escrow; they were used to pay operating expenses.
By Bernhard Schwechel, FACT GmbH
On 7 June 2017, almost 70 countries including Germany signed the so-called ‘Multilateral Instrument’ (MLI) in Paris. This is a product of the OECD’s BEPS project and designed to dynamically adjust a multitude of existing bilateral double taxation treaties (BDTs) between member countries to internationally accepted standards - faster than would be possible using individual bilateral negotiating procedures.