Ecovis International Newsletter - issue 7, 2017

Ecovis International Newsletter - issue 7, 2017

The latest articles from Ecovis offices around the globe.

UK: Uber’s data privacy breach – the consequences

We are now less than six months away from the implementation of the General Data Protection Regulation (GDPR), which is expected to produce massive changes to be implemented by businesses when handling the data of third parties. Among the GDPR’s most headline-grabbing provisions are the significantly increased administrative fines. There is also the requirement that…

Spain: Hope for the best but expect the worst

Automotive sector: HELP!! My supplier is facing insolvency and can halt my production line. There are two important features in the modern automotive sector: first, there is a long list of suppliers, and second, just-in-time production. In many cases, the situation becomes more precarious where suppliers work with production elements, especially tools, provided by a…

Germany: Panama and Paradise Papers – the different money hiding places in tax havens worldwide

According to reports in the online edition of the German newspaper Süddeutsche Zeitung dated 05.11.2017, which was involved in the processing of the new data leaks, new data sets with the names of numerous persons suspected of hiding their assets using letterbox entities abroad have been published under the name “Paradise Papers”. The Paradise Papers…

International tax barometer – Traps global online vendors can avoid

Dealers are advised to inform themselves properly about registration requirements, VAT rates and thresholds with respect to online trade not only within the European Union. There is no uniform regulation on how goods are taxed in different parts of the world. This is why Ecovis has turned to its international partners to discover what fiscal…