By Francesco Milano, COMMA 10
From 1 July 2017 the Italian Split Payment Mechanism, whereby VAT charged on VAT invoices issued to a public administration is paid directly to the tax offce by the public adminis- tration receiving the invoice, has been extended to other transactions.
By Jonathan R. Sigel, Mirick, O’Connell, DeMallie & Lougee, LLP
Businesses use staffng agencies to supplement their workforce with temporary workers, which saves money when meeting fluctuating production and staffng needs. However, companies can be held liable for the agencies’ violations of law (e.g. wage & hour laws) if the entities are found to be ‘joint employers’ – even when unaware of the violations!
By Robert S. Jacobson, Kutchins, Robbins & Diamond, Ltd.
Research and Development (R&D) is often associated with sophisticated laboratory experimentation where cuttingedge technological product is created. However, the Internal Revenue Code offers a more flexible definition of research and development.