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Secretary of State for International Trade, Anne-Marie Trevelyan, welcomes overseas investors and delegates to the Global Investment Summit in London.
Guidance for UK businesses on rules for selling services to Croatia.
The strategic partnership with the Breakthrough Energy Catalyst will mobilise £200 million of private sector funding over 10 years.
Itís recent news the Superbonus 110% has been recently extended to 2023, and this is great if you intend to renovate your home. Superbonus 110% isnít the only available tax break on house renovations; find out how you can save on your taxes whilst renovating your Italian home.
If you have a VAT number in your EU country and you want to sell to individuals (with no VAT number) in Italy, you are required to have a VAT number in Italy. Back in the days, you were required to set up an entity in Italy or have a fiscal representative located here; this process is costly and develops multiple tax and accounting issues.
U.S Department of Labor to announce new overtime rule by summer
The Department of Labor is proposing a rule that could benefit almost five million workers in the first year. The rule would allow workers earning less than $50,440 a year to be guaranteed overtime pay, if they work more than 40 hours. The current threshold is $23,660.
The amendment to the Fair Labor Standards Act (FLSA) would allow workers earning less than $50,440 a year to be guaranteed overtime pay, if they work more than 40 hours. The current threshold is $23,660.
The Department of Labourís goal is for hard workers to receive fair compensation, as it was noted ďa convenience store manager, fast food assistant manager, or some office workers may be expected to work 50 or 60 hours a week or more, making less than the poverty level for a family of four, and not receive a dime of overtime payĒ.
The National Retail Federation expects that many employers will try and avoid costs by reducing workersí hours or hiring more part-time workers.
The Florida Chamber of Commerce said in a statement the new federal overtime proposal will likely hurt business in the state rather than help. So far, more than 10 regional chambers of commerce have voiced their opposition to overtime changes.
The Department of Labor has received nearly 300,000 comments on the proposed rule, and is reviewing feedback with aims to announce the final rule by July 2016.
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