United States: The Employer Rapport: Quick Chats for the US Workplace

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Welcome to Baker McKenzie's new Labor and Employment video chat series for US employers. Our lawyers will provide quick, practical tips on today's most pressing issues for US employers navigating the new normal. The...

United States: The Employer Rapport – Quick chats for the US workplace

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Welcome to Baker McKenzie's new Labor and Employment video chat series for US employers. Our lawyers will provide quick, practical tips on today's most pressing issues for US employers navigating the new normal.  The videos complement our blog, The Employer Report, which provides written legal updates and practical insights about the latest labor and employment issues affecting US multinationals, at both the domestic and global level.Please click below to watch the video chats and be sure to let us know if there are additional topics you'd like us to address.

EMEA: COVID-19 Life Sciences Survey (Updated)

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As COVID-19 rapidly spreads to every corner of the globe and is officially declared a pandemic, governments across the world are adopting emergency measures to fight against this extraordinary situation. Ultimately, all these measures are aimed at protecting the health and wellbeing of citizens. However, on the healthcare and life sciences front in particular, such measures range from intervention powers to guarantee adequate supplies of treatment and medical equipment, to the relaxation of deadlines and regulatory requirements to simplify administrative procedures wherever possible, so that competent authorities, manufacturers and other actors can focus on urgent priorities related to the COVID-19 crisis.

Russia: Corporate Anti-Corruption Enforcement Trends

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Baker McKenzie's newest report, Russia: Corporate Anti-Corruption Enforcement Trends, aims to provide both international companies operating in Russia and Russian businesses with an international footprint with practical and informative guidance on evaluating their corporate compliance...

Russian Federation: Tax amendments affecting dividends paid via foreign companies

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New amendments to the Russian Tax Code1 ("Law") will allow individuals to reduce the Russian individual income tax on profit distributions from foreign companies and unincorporated vehicles (e.g., trusts) sourced from dividends originally paid by Russian companies that are subject to Russian withholding tax ("indirect tax credit").The Law eliminates the existing double taxation and economically equates ownership of Russian assets via Russian and foreign companies (trusts). At the same time, the Law eliminates the 0% tax rate previously available for Russian companies on dividends received through intermediary foreign companies that are not beneficial owners of income. This will allow, for example, the application of the 15% Russian withholding tax rate on dividends paid to Cypriot and Luxembourg intermediary companies under the recently amended tax treaties. Some historic holding structures will get a deferral; for them the new rules will apply as of 2024.

COVID-19

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