Landmark German ruling points up challenges of international tax law
Starting this year, some important changes to the health insurance system took force, and thus those serving as management board members and working on the basis of contracts under the law of obligations (authorisation agreements, contracts for services etc) should pay attention to the issues relating to activation and suspension of health insurance coverage.
Management board member agreements and employment contracts
Reminder: important day arrived for creditors and credit intermediaries!
Are clients moving to the web, lock, stock and barrel?
A growing trend – outsourcing payroll accounting
Compared to agreements on competition restrictions, the obligation to keep business secrets has not been dealt with as widely, yet it needs significantly more coverage. In this article, the author deals with the various nuances related to business secrets, defines business secret and discusses why keeping business secrets is important for every company.
The international community has expressed concern about international companies that take advantage of the possibilities afforded by different tax jurisdictions for tax planning purposes. Such companies aim to move profits into low-tax-rate territories, without actually being engaged in economic activity there. In response to this concern, the G20/OECD published the BEPS (Base Erosion and Profit Shifting) action plan in July 2013. BEPS covers 15 different areas of activity, which are planned to be completed in three stages: September 2014, September 2015 and December 2015.
Financial year 2014 is coming to and end and it is time to start thinking about filing annual reports to the Commercial Register. Businesses should be aware that the Commercial Register is devoting increased attention to whether companies’ equity meets legislative requirements.
Maintaining proper accounting on transfer prices and documenting the reasoning for conformity to market value is in the interests of every enterprise, as it avoids tax risks. In preparing documentation, the requirements of legal acts should be considered along with the specific company’s risks and needs.