Nair & Co.

The French government has tabled a draft finance bill, which if passed, would affect the taxes applicable to stock options and also to income from dividends.

Italy has recently announced measures to ensure the financial stability of the economy.

With the intention of implementing new rules in April 2013, the UK government has announced a proposal to introduce a new kind of employment contract called the “owner-employee contract”.

Australia has amended work health and safety (WHS) laws which are likely to be implemented in early 2013, increasing corporate governance responsibilities for directors and officers of companies doing business in the country.

United Kingdom is planning to crack down on offshore tax havens by imposing its own version of Foreign Account Tax Compliance Act (FATCA).

The Korean government has declared a plan to hike the flat rate of tax for foreigners by two percent which may affect expatriate workers and companies in South Korea.

Saudi Arabia has made Arabic as the mandatory business language in all commercial and business dealings. Companies doing business in Saudi Arabia are required to abide by the new ruling requiring business.

Argentina has restricted its residents’ ability to purchase foreign currency and remit funds outside Argentina.

Chinese tax authority, State Administration of Taxation (SAT) has released a declaration establishing surcharge on electronic waste in the country, on August 20, 2012.

The United Kingdom is likely to introduce the statutory definition of tax residence in the Finance Bill 2013.