Tax Revenue Within Country Borders
“In theory, an option to create separate agreements across global lines does help hedge growth bets. However, global compliance has one unifying requirement, home countries want tax revenue from work being performed within their borders. Regional business networks should share common growth ideals and at the same time respect each other’s labor laws so talent, businesses and municipalities all profit.”
Lou Calamras, Director Global Client Solutions
CXC Global North America.
An article posted by CNBC.com, reported on discussions between President Trump and Canadian Prime Minister Justin Trudeau about having separate trade agreements, out side of NAFTA.
While there may be advantages in terms of hedging growth bets, as mentioned by Lou Calamaras above, one thing is for certain and that is that countries do unite when it comes to taxation and ensuring they are getting the full tax revenue for work being performed within their borders.
Having been in business for over 25 years, CXC Global works with companies in over 70 countries to ensure compliant engagement of their non-permanement / contingent workforce.
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Contact us to speak with one of our specialists about how CXC Global works with companies to ensure labor laws are adhered to, in alignment with local laws, to minimize risk and maximize growth.