Hands on the Wheel ibtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com Daily Mail and Mail on Sunday newspapers.
As independent body rules international transfers of data need to comply with GDPR
The European Data Protection Board (EDPB) has ruled that the exchange of personal information between public authorities under existing international agreements need to comply with the General Data Protection Regulation (GDPR).
This means that all transfers of personal data to third countries, concluded before 24 May 2016, or organisations, carried out before 6 May 2016, and which complied with the applicable EU law at the time, “shall remain in force until amended, replaced or revoked”, said Andrea Jelinek, chair of the EDPB.
“The EDPB deems that, in order to ensure that the level of protection of natural persons guaranteed by the GDPR and the Law Enforcement Directive (LED) is not undermined when personal data is transferred outside the Union, consideration should be given to the aim of bringing these agreements in line with the GDPR and LED requirements for data transfers where this is not
Understanding Tax Reporting for U.S. Citizens Living Abroad
U.S. citizens move abroad for lots of different reasons a better quality of life in retirement, a career opportunity, to explore, or for love of a particular person or place but all expats share one very important trait: a sense of adventure.
However, moving abroad involves lots of logistical planning, and financial considerations should always feature near the top of the list, including the requirement that U.S. citizens must still file U.S. taxes after their move overseas.
U.S. Tax Rules for U.S. Citizens Living Abroad
The U.S. has a citizenship-based taxation system. It’s the only developed nation that has this sort of tax system, rather than a residence- or territorial-based system.
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Payroll and human resources (HR) scams
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Cannabis
With more states making the push to decriminalize or legalize recreational marijuana, the IRS has provided guidance for companies involved in the legal marijuana industry. This guidance makes clear that companies must strictly comply with all pertinent provisions of the IRC the federal prohibition on selling marijuana (which is still classified as a Schedule I controlled substance) notwithstanding.
As companies flock to the United States’ burgeoning legal marijuana industry, the IRS is paying close attention to these companies’ annual filings. As a result, companies involved in any aspect of the industry, from cultivation to retail sale, must be careful to ensure that they comply with all relevant federal (and state) tax requirements.
Accidental Americans Association Urges Luxembourg Administrative Tribunal to Halt FATCA Data Transfers chronicle.lu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chronicle.lu Daily Mail and Mail on Sunday newspapers.