Our firm’s Global Chair, Paul Rawlinson, is currently in Switzerland at the World Economic Forum’s Annual Meeting.
Paul believes that navigating multi-speed globalization will be the key challenge for business in 2018. We agree. For today’s employers, managing a global workforce requires complying with local labor and employment laws in multiple jurisdictions, staying abreast
On December 22, 2017, the Tax Cuts and Jobs Act was signed into law bringing significant changes to US tax law. One provision of the Act may further incentivize individuals to work as independent contractors instead of as traditional employees.
The new provision allows for independent contractors, and for service providers structured as a partnership or other flow-through entities, the potential to deduct up to 20% of their revenue from their taxable income. And while some companies might view the opportunity to re-classify individuals from employees to independent contractors as a “win–win” scenario, it could create substantial legal exposure for employers.Continue Reading New Tax Law Could Incentivize Employees To Become Independent Contractors – Employers Should Proceed With Caution
Aimee Soodan, a Compensation attorney in Baker McKenzie’s Chicago office, answers the question.
Narendra Acharya, a Partner our Chicago office, answers the question and explains why companies rely on them in their global employee mobility programs.
Moving employees across borders quickly and within budget is a formidable task considering the immigration and visa requirements, tax and social security implications, data privacy mandates, employment rules, stock benefits and
