China’s Wages are Catching up to Europe China’s median net salary is now equal to parts of Europe, and higher than some Eastern European countries, due to its new minimum wage standards. Factory workers in China are earning more than ever as average hourly wages have gone up a significant 64% since 2011. The trend…
Workplaces across the US are running into unprecedented issues in integrating multiple generations of employees into a cohesive work environment. Improved safety in the workplace; technological innovations in the fields of health and medicine; economic uncertainty; and stagnating wages have prompted employees to stay in the workforce longer. This has led to a larger overlap of multiple generations than ever before.
The Italian Ministry of Economy and Finance released the Ministerial Decree that provides the detailed process of implementing the Country-by-Country Reporting (CbCR) for Italian entities representing Multinational Enterprises (MNE) Groups.
On July 11, 2017, the Brazilian Senate gave its nod to the controversial labor reform bill. Given the countrywide protests by labor unions, it raised doubts if the bill would ever come into effect.
On May 18th and 19th, 2017, the government-appointed Goods and Services Tax (GST) council finalized a few critical aspects of the GST.
The Ministry of Finance for Taiwan has issued draft amendments to the Value-Added and Non-Value-Added Business Tax Act that was first announced on December 28, 2016.
China is gradually revising the minimum monthly wage, but not all at once for the entire nation. Each province and municipality set its minimum wage based on its local economic needs.
German Parliament introduces a new Tax Exemption Law for Restructuring Gains On April 27, 2017, the German Federal Government has passed legislation enacting new rules on the taxation of restructuring gains. The reason being, the existing practice of having a tax liability arising out of restructuring gains to be deferred and eventually waived violates fundamental…
The Australian government introduces a real-time reporting system to streamline the reporting of tax and superannuation by employers.
In a key policy this year, the Brazilian government has concluded that in order to meet the fiscal target of this current year and maintain balanced accounts, they must cut R$42.1 billion from their planned expenses in 2017.