• Operators of Internet Marketplaces are Liable for the VAT of Their Traders

    Operators of Internet Marketplaces are Liable for the VAT of Their Traders

    By Susann Roll, Benefitax GmbH

    International online trade has become a huge business sector, in which it is often easy for traders to avoid VAT payments for sales, which are in fact VAT liable. To make VAT fraud more diffcult, new German legislation came into effect on 01 January 2019, which makes electronic marketplaces like Amazon and eBay liable for the VAT liability of the traders using their platform.

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  • The Legalisation of Cannabis in Canada: A New Challenge for Employers and the Role of Artificial Intelligence

    The Legalisation of Cannabis in Canada: A New Challenge for Employers and the Role of Artificial Intelligence

    By Marty Rabinovitch, Devry Smith Frank LLP

    Emerging technologies are able to predict with a high degree of accuracy how the Canadian courts will decide issues related to the legality of drug testing of employees in the workplace.

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  • Audit and SMPs: There is a Way!

    Audit and SMPs: There is a Way!

    By Prof Dr Michel De Wolf, DGST Réviseurs d’entreprises

    As you may know, IOSCO and its worldwide “monitoring group” overseeing the world audit and ethical standard setting process, are focusing on audit standards for public-interest entities, with no interest for “SMEs”. This is, of course, of special concern for all non-Big-Four audit practices. Meanwhile, IAASB is launching a project around the question of the scalability of ISAs, which could lead to an “ISA for SME”.

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  • Simplified Procedure for Use of Public Documents from EU Countries

    Simplified Procedure for Use of Public Documents from EU Countries

    By Huub Kapel and Wytske Wijnnobel, LIMES International B.V.

    As of 16 February 2019, the Regulation on Public Documents (Regulation 2016/1191) is applicable in all EU Member States. This Regulation aims to lower formalities and costs for citizens presenting public documents in another EU country than the country where the documents were issued, such as court documents, birth certificates, marriage certificates or a certificate on the absence of a criminal record.

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Law

Arbitration

Investor-State Arbitrations in ICSID

By Akin Alcitepe, Offit Kurman

Most foreign governments require disputes with parties with which they have agreements to be litigated in their courts using their domestic law. Under certain circumstances, however, a company doing business with a foreign government may be able to bring its claim to a neutral international arbitration forum through the use of a Bilateral Investment Treaty (BIT) or a Multilateral Investment Treaty (MIT).

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Taxation

Liberty Bridge in Budapest

EU ATAD Imple­men­tation in Hungary – Corporate Income Tax 2019

By Béla Kakuk, BPiON Services Ltd.

One of the most important objectives of the international taxation regime is to allocate taxation where profit and value is generated in order to guarantee trust over truthfulness of tax regimes and effective taxation sovereignty of local governments. The European Unions Anti-Tax Avoidance (ATAD) (2016/1164/EU) directive brought new rules preventing tax evasion and aggressive tax optimisation.

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Estate Planning

Tea plantations in India

Trust Structures Catering to India-UK Family Office Investments

By CA Raghu Marwah & CA Anjali Kukreja,R.N. Marwah & Co LLP

India and United Kingdom (UK) have a strong bilateral investment relationship. Top five investors of UK include India whereas UK ranks on top of the G20 investors in India. There were rife speculations that political and economic uncertainty in UK over Brexit would deter Indian investments i.e. the Indian companies would hold back on UK expansion plans or at least defer opening new offices in UK. However, Indian investments have continued to show great confidence in UK and have grown very strongly amidst the ever changing political and economic scenario of UK.

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