Since President Trump took office in January, there has been a lot of discussions around a significant reform of the US Tax Code as such reform had been set as a top priority to the new President. After first signals of a possible fundamental reform with fast implementation, the developments in the last few months have shown that this might not be the case.
Implementation projects are costly and data requirements extensive. But a careful use of transition options and practical expedients optimize the trade-offs between cost, timing and comparability – and your company’s profit in the post-transition years.
China's new Cyber Security Law was released on 1 June 2017. The highly contested guideline, titled “Information Security Technology – Guidelines for Data Cross-Border Transfer Security Assessment”, requires network operators to conduct security assessments prior to transferring specific information outside of China.