Certain challenges remain to the implementation of a global minimum corporate tax, although the G-7 and G-20 have already thrown their support behind the plan, writes Anshu Khanna of Nangia Andersen. Khanna discusses the reactions of specific nations and notes that the proposal "could significantly reduce, but not completely eliminate, tax-based competition among countries."
A carefully structured cybersecurity strategy can help organizations foster digital trust, which is when users believes their "data will be handled securely and responsibly in the digital environment," write Marius von Spreti, Franziska Biberacher and Tim Heinlein of Deloitte. Building cyberdefenses with digital trust in mind requires strong management of data throughout the life cycle, along with evolving security standards and monitoring.
China has said it intends to keep a closer watch on accounting firms and publish detailed rules about their supervision as it looks to root out financial forgery. China will also take aim at unlicensed accounting, improper release of classified information and other issues.
Philippine President Rodrigo Duterte is looking to ease bank secrecy rules as part of his legislative agenda, according to the country's central bank. The bill would provide the Bangko Sentral ng Pilipinas with enhanced investigative powers, allowing it to inspect suspicious accounts.
Canadian businesses must grapple with certain legal issues as they implement return-to-office initiatives. This article summarizes key considerations related to workplace health, employment terms and individual workers' needs.
Canada is legalizing gambling on individual sporting events at the federal level, although the actual impact of the move will depend on actions taken by the country's provinces. Billions of dollars a year are bet on illegal markets, according to the federal government, so the law has the potential to legitimize a significant amount of economic activity.
Online marketplaces will have to inform HM Revenue & Customs in the UK about the income generated by sellers on their platforms. The requirement takes effect in January 2023.
Key lawmakers and business leaders have expressed growing opposition to a tax reform effort in Brazil that would seek to lower businesses' taxes while implementing a levy on dividends. "There's a huge impasse, nearly all productive sectors are against the text of the bill," according to Marcelo Ramos, deputy head of the country's lower legislative house.
Securities and Exchange Commission Chair Gary Gensler noted that he is directing the agency's staff to start considering a "human capital" disclosure requirement. This disclosure could encompass a number of metrics, including factors related to workforce turnover, diversity, benefits and training.
Although only 31 S&P 500 companies use public company auditors for environmental, social and governance assurance, increased regulation and investor focus might lead to more opportunities for practitioners.
Registration is open for the 2021 BD/Marketing Conference, which will be hosted virtually this year on October 20-21. Register today to join fellow practice growth professionals for this premier networking and learning opportunity that includes a keynote by digital marketer extraordinaire Laurel Miltner and so much more. Visit the conference website for details, and register today to join us!
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