Keeping Private Data Private: EU’s New Regulations

The General Data Protection Regulation (GDPR) is the European Union’s new common framework and is expected to be enacted by 2018. Under these new guidelines, member states must implement a set of common regulations, yet can include local additions. The common regulations are…

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China: New Family Planning Legislation and Impact on Employers

China has relaxed its strict family planning policies in a 2016 legislation that revokes several population control measures including incentives for late marriages or late childbirth. Here are some highlights of the new “two-child” policy: Maternity Leave In 2015, China’s base maternity leave…

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Canada: Review Employment Contracts to Limit Bonus Pay-off Obligations for Employees During Notice Period

Canadian courts have a clear-cut view on employee bonus: if the bonus is an integral part of the compensation then employers need to pay the bonus to their employees during the notice period.  However, in a recent ruling the Canadian judiciary recognized the…

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Hong Kong to Introduce AEOI Standard, US Companies Need to Review Compliance

Hong Kong announced the new Inland Revenue amendment bill last month. The bill offers a legal framework to set up the Automatic Exchange of Financial Account Information (AEOI) in the country. The law will help in combating money laundering, corruption and terrorism financing.…

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Colombia: New Tax Reforms Aim to Curb Tax Evasion and to Expand Taxpayer’s Pool

Colombian lawmakers wanted to tackle the problem of tax evasion head-on. Hence, the government proposed a few structural tax reforms last year. Finance Minister Mauricio Cardenas confirmed this while speaking to the media. He said the new tax reforms would counter tax evasion and create a larger pool of…

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