Business, Management, Marketing, Money, Tax, Law, People

Hong Kong’s Foreign-Sourced Income Exemption (FSIE) Regime Refined

To bring Hong Kong’s Foreign-Sourced Income Exemption (FSIE) regime in line with the European Union’s updated guidance on FSIE regimes promulgated in December 2022, the Inland Revenue (Amendment) (Taxation on Foreign-sourced Disposal Gains) Ordinance 2023 was enacted on 8 December 2023 to refine Hong Kong’s FSIE regime with effect from 1 January 2024, under which, subject to certain carve-outs and reliefs, the scope of assets in relation to foreign-sourced disposal…

  • Post category:Seyfarth Shaw LLP
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The surprising effect your childhood has on your money mindset

Your relationship with money may play a huge role in how you handle financial decisions and your long-term security. Many factors affect your financial decisions, but you might be surprised by how much your childhood experiences still influence you today. The majority of parents recognise how important financial education is. Indeed, according to Nationwide, almost 9 in 10 parents to children aged between 8 and 13 say personal finance education…

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Private capital in insurance 2.0: Building the flywheel

Over the past decade, private-capital firms and insurers have built a symbiotic relationship. Private-capital firms, which typically raise money from institutional investors such as pension funds and sovereign wealth funds, encompass multistrategy private-market firms, private-credit firms, private equity firms, and real estate firms. Tie-ups with insurers have allowed private-capital firms to expand their supply of permanent capital—investment funds that do not have to be returned to investors on a timetable,…

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Streaming Seeks a Path to Profitability

Q: When we talked two years ago, you described an industry in search of a profitable business model. You warned that companies would be in for a tough stretch. Where do things stand now? It’s been a very difficult two years for the entertainment sector— worse than we could have imagined—and streaming is a big part of why. People have continued dropping pay TV, which was a very profitable business,…

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Unlocking the Power of Generative AI in Business: A Roadmap to Successful Implementation

The advent of Generative AI (GenAI) has ushered in a new era of possibilities for businesses, allowing them to harness the power of artificial intelligence in unprecedented ways. With the global generative market currently worth $44.89 billion and expected to reach $66.62 billion (Statista) by the end of the year, it’s no wonder that organisations are keen to get a piece of the proverbial pie. However, whilst the appetite exists,…

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Proposed Amended PAGA Statute Would Bring Some Relief to Employers

Quick Hits On June 21, 2024, two bills were introduced in the California Legislature to reform PAGA, which could provide a measure of relief to California employers and much-needed increased court oversight. Notably, the proposed amendments would allow an employee to bring PAGA claims only for Labor Code violations the employee “personally suffered” within the statute of limitations. For several claims, the proposed legislation would adjust PAGA penalties based on…

  • Post category:Ogletree Deakins
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How Transparency Sped Innovation in a $13 Billion Wireless Sector

Many businesses are loath to share proprietary information with others, fearing it will undercut their long-term financial prospects. They view openness as a threat to innovation.But a new years-long study of the wireless router industry shows that businesses that are transparent with suppliers and partners about their technologies can increase innovation and speed the introduction of new products. Specifically, the study finds evidence that openness—in this case, via the use…

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Help wanted: Charting the challenge of tight labor markets in advanced economies

At a glance Labor markets in advanced economies today are among the tightest in two decades, not merely a pandemic-induced blip but rather a long-term trend that may continue as work forces age. Tightness means forgone economic output. We estimate that GDP in 2023 could have been 0.5 percent to 1.5 percent higher across these economies if employers were able to fill their excess job vacancies. Companies and economies will…

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Even More Bellicose: How the New Polish Government Shapes Its Foreign Policy Agenda

The Polish government considers it absolutely necessary to develop NATO’s military presence on the so-called “eastern border”, the accession of Sweden and Finland to NATO and the development of the Alliance’s military infrastructure on their territory. In Sikorski’s understanding, it strengthens transatlantic unity and security in the Baltic Sea region. Naturally, unconditional active support for Ukraine is a key task for both NATO and the EU in the understanding of…

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Inclusivity in Consumer Healthcare Marketing: Strategies to Build a Market-Inclusive Brand

As we move further into 2024, inclusivity in consumer healthcare marketing will continue to be more of a strategic imperative rather than just a nice-to-have for brands. We know that Generation Alpha is more value-motivated than the proceeding generations (as we’ve seen reflected in their skincare and beauty purchasing) but consumers of all generations have become more discerning as well. In fact, more than half of consumers believe that brands…

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Rapport: The Hidden Advantage That Women Managers Bring to Teams

It’s a manager’s nightmare: A customer pulls into a drive-thru after a long day at work with children in tow, everyone looking frazzled and famished. After waiting patiently in line, the customer grabs her bag of burgers through the window and happily zips away—until her kids rip open their bounty and wail from the back seat: “Where are the fries?” Disappointment ensues.The reason for the oversight—and the frustrating customer experience—may…

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Six Elements of Pipeline: Radically Rethinking the Role of Marketing in the Pipeline Process

Too many GTM efforts in B2B companies are focused on leads and pipeline creation, causing them to wonder why that doesn’t work well for them. Outcomes are unpredictable and the marketing and sales teams are badly aligned. That’s why in my blog post “Modern Demand Management,” I proposed a “VAP” (value-added pipeline) approach for B2B marketers that is a function of the ending pipeline and the total bookings or ARR…

  • Post category:Battery Ventures
  • Reading time:8 mins read
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Using Operations Research to Improve the Refugee Resettlement Process

In the United States each year, resettlement agencies assist tens of thousands of refugees in finding new homes and employment; in fiscal year 2023, more than 60,000 people received resettlement services in this country. The task is monumental—and essential, as the number of displaced people around the world continues to grow. When Yale SOM’sVahideh Manshadi learned that one of the largest such agencies was searching for a better way to…

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Building a superpower: What can we learn from the Magnificent Seven?

The stock market offers daily lessons in animal spirits and, occasionally, something more. Every so often, investors become obsessed with a small group of companies, and clever analysts give them a name that resonates with the investing public. In the ’60s, we had the Nifty 50; in the 2010s, we had the FAANGs; and today we have the Magnificent Seven and the Granolas. The Magnificent Seven are tech companies, by…

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What is a Customer Experience Strategy?

What if every time your customers engage with your business, they feel satisfied, appreciated, and understood? Implementing a thoughtful customer experience strategy ensures just this, but mastering the art of customer experience is easier said than done. Join us as we explore the transformative impact of effective customer experience strategies that leverage data, technology, and […] The post What is a Customer Experience Strategy? appeared first on Accelare.

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Grow and transform your business

Every business must make sure that its growth prospects are clear and that the resources needed to achieve these goals are readily available. However, the increasing uncertainty in the market environment may hinder businesses’ ability to secure financing, ultimately affecting their capacity to implement certain strategies. These uncertainties are particularly worrying for some firms. Recognising this, the Maltese Government, with support from the European Union, has emphasised the importance of…

  • Post category:Finance Malta
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Landscapes of Future Tragedies

In order to understand this phenomenon, it is necessary to think differently and adopt a new approach. The current way of thinking has not been successful in addressing this issue. Furthermore, there is a certain degree of critical blindness with regard to the current situation. This largely reflects the dominant cultural trends in modern Western popular culture, and unfortunately, it does influence the thinking of the local elite. For example,…

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A dataset on EU legislation for the digital world

Many digital laws were enacted in the past, mostly under the EU’s Digital Agenda and Digital Single Market (DSM) programmes. In the current legislative term, which is coming to an end, important new measures relevant to digitalisation such as the Digital Markets Act (DMA), the Digital Services Act (DSA), the Data Act, the Artificial Intelligence Act (AI Act), the Data Governance Act (DGA), the European Health Data Space (EHDS), an…

  • Post category:Bruegel
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How to harvest the windfall profits from Russian assets in Europe

After months of bickering over whether and how to confiscate Russian sovereign assets, G7 members on 14 June agreed to use future profits from frozen funds held by Euroclear in Belgium to prop up a loan for Ukraine of up to €50 billion. That makes sense, as a full-blown confiscation policy would be plagued with legal pitfalls. Yet, the challenge still remains of crafting a syndicated loan backed by G7…

  • Post category:Bruegel
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Piero Cipollone: Maintaining the freedom to choose how we pay

25 June 2024By Piero CipolloneA digital euro would combine the convenience of digital payments with cash-like features. ECB Executive Board member Piero Cipollone explains how a digital euro would enhance Europeans’ freedom of choice when deciding how to pay.Freedom lies at the heart of the European Union’s principles. Every EU citizen is free to live, work, study and do business in any EU Member State. The euro plays a key…

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How the 2024 Paris Olympics Fast-Tracked Decarbonization

Carolyn Geason-Beissel/MIT SMR | Getty Images For the growing number of organizations committing to decarbonization, meeting their goals can take a frustrating amount of time. The decarbonization journey is a nontraditional marathon — with a lot of ambiguity regarding the nature of the track — and many organizations struggle to identify where to start and how to scale their decarbonization efforts. We believe that these “marathon runners” can learn a…

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Maryland’s New Wage Transparency Law to Take Effect on October 1, 2024

Quick Hits Following the lead of California, Colorado, Hawaii, New York, Washington, and the District of Columbia, Maryland’s Equal Pay for Equal Work – Wage Range Transparency Act will require employers to disclose certain wage information in both public and internal job postings. The law was signed into law by Governor Wes Moore on April 25, 2024. The law will take effect on October 1, 2024. The legislature passed the…

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Hitachi and Microsoft enter milestone agreement with generative AI

Three-year, projected multibillion-dollar strategic partnership will focus on creating innovative industry solutions that deliver transformative outcomes for businesses and society Hitachi Group will embed the Microsoft cloud, Azure Open AI Service, Dynamics 365, Copilot for Microsoft 365 and GitHub Copilot into its Lumada Solutions to accelerate growth of the Lumada business, and improve productivity for its 270,000 employees Hitachi will train more than 50,000 “GenAI Professionals” on advanced AI skills.…

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PAGA Reform: AB 2288 and SB 92 Introduced

Seyfarth Synopsis: PAGA reform has officially been introduced in the state Assembly and Senate! The language of the bills were released detailing the most substantive changes to PAGA in its 20-year history. The bills have numerous provisions that benefit California employers, including imposing more restrictive standing requirements for plaintiffs, codifying the need for manageability of PAGA claims, and reforming the penalty structure, along with several other changes detailed below. On…

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What 70 years of BBC news bulletins could teach you about investment markets

70 years ago, the BBC broadcast its first daily television news programme. Since then, round-the-clock news has become available, and you can get the latest headlines with a few taps on your smartphone. While being connected can be positive, for investors, it can make periods of volatility and choosing an investment even more difficult. Read on to find out why. On 5 July 1954, Richard Baker delivered the latest news,…

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Making your present part of your financial plan could enhance your life

As financial planners, we often talk about the importance of working towards long-term goals and security. As part of your financial plan, you might be putting money into a pension for retirement or building an emergency fund to safeguard your finances if you experience a shock. Considering your long-term ambitions is often important for turning them into a reality. Yet, enjoying the present is just as essential. While it can…

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3 valuable pension lessons workers can learn from retirees’ regrets

2 in 5 UK retirees have retirement regrets, according to a Canada Life survey. If you’re saving towards your future, you could learn some valuable pension lessons and avoid repeating the same mistakes. Securing the retirement you want often means thinking about this milestone many years before you celebrate it. One of the key challenges is balancing your financial needs and goals now with your long-term ones. Retirement regrets indicate…

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2024 Company Law Changes in China: What Foreign Investors Need to Know Before July 1

Amendments to the Company Law of the People's Republic of China (the “New Company Law”) were passed on December 29, 2023, and will come into effect on July 1, 2024.  The New Company Law consists of 15 chapters and 260 articles, with substantial additions and modifications of around 70 articles compared to the current Company Law, which comprises 13 chapters and 218 articles. The main revisions are categorized into: (1)…

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3 practical ways you could reduce your tax bill in retirement

The number of retirees who could face an Income Tax bill is expected to rise. If your total income could exceed tax thresholds, there might be some steps you can take to reduce your tax bill. The Personal Allowance is the amount of income you can receive before you usually need to pay Income Tax on the portion that exceeds the threshold. For 2024/25, the Personal Allowance is £12,570. Crucially,…

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OEMs Face New Uncertainty on Right to Repair in Maine While Massachusetts Court Continues to Delay Ruling

Trade associations representing independent repair facilities have become strong advocates for expanding right to repair laws to increase member access to vehicle telematics data. These efforts have created uncertainty for auto manufacturers, most recently in Maine, where state legislators failed in their effort to amend that state’s right to repair statute in response to a popular ballot referendum passed in November 2023 intended to address the incorporation of telematics into…

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Could downsizing help fund your retirement?

Research suggests that retirees could boost their income by downsizing. While selling your home and moving to a smaller property could be a valuable way to fund your later years, there are some important considerations you might want to weigh up first. Read on to find out more. Over the last few decades, the value of the average home in the UK has soared. Indeed, according to figures from the…

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At a crossroads: New York’s status as a global fashion capital

The changeable nature of fashion extends well beyond its seasonal changes of what to wear. In recent years, one of the industry’s most dramatic changes involves New York City’s position as a global fashion capital. Within the United States, New York City has the country’s highest concentration of fashion sales, talent, and employment. Activities related to fashion—which we define as fashion retail, wholesale, and distribution, along with textile, apparel, footwear,…

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How many steps should you take every day to improve your health?

How many times have you told yourself that you need to do more exercise, started a new routine, and then stopped it altogether after a few weeks as you just don’t have the time? This cycle of wanting to get healthy, trying your hardest, and then being put off by the physical and time demands, is an unfortunate reality for many. But the truth is, it doesn’t take much effort…

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The Digital Bridge: Overcoming the Challenges of Cross-Departmental Collaboration in Government

For several years, it has been acknowledged that cross-departmental collaboration has been hard to achieve within the Government despite the criticality of its work. Although this could be attributed to a structural issue, (central government in Britain is divided into departments that take responsibility for specific policy areas) there are other contributing factors to why collaboration is not easy, and is a difficult issue to resolve. This article will highlight…

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Use It or Lose It – Lessons from Seven Network v 7-Eleven Inc

A challenge by 7-Eleven has seen Seven lose its Australian registered trade mark for “7NOW” for the vast majority of goods and services covered by the registration. This serves as a stark reminder to trade mark owners to use their registered trade marks as trade marks and for the goods and services for which they are registered. Background Seven operates the Seven Network, a major Australian commercial free-to-air television network.…

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New Bill Seeks to Provide New York State Warehouse Workers with Additional Injury Protections

Seyfarth Synopsis: Expanding a law enacted in 2022, New York’s legislature passed another bill that seeks to limit warehouse-related injuries by requiring employers to establish and implement an injury reduction program, evaluate certain jobs for ergonomic injury risks, correct risk factors, and provide injury reduction training. Background: New York State’s Commitment to Warehouse Worker Protection In 2022, New York State passed the Warehouse Worker Protection Act (2022 WWPA). The 2022 WWPA requires…

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Concerned about discussions of opposing political views at work?

Election season is here, bringing with it a flood of discussions, debates, and distractions. Add global tensions dominating the news, and it’s easy to see why employees might struggle to stay focused… especially if they have opposing views from their colleagues… and are discussing those opposing views at work.  Sounds like a recipe for disaster. Politics and global events spark polarizing views. They just do. And when those views are…

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Why US Sanctions Against China’s Shipbuilding Sector Are Only a Matter of Time

The formal basis for Joe Biden’s statements, which organically fit into the logic of the US election struggle, and the start of the investigation was a petition filed by the five largest American trade unions. It lambasts the “unreasonable and discriminatory acts, policies, and practices of the People’s Republic of China to dominate the maritime, logistics, and shipbuilding sector that burden or restrict U. S. Commerce.” The last accusation is…

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A radical approach to cost reduction at climate tech companies

Soaring temperatures, shrinking glaciers, and rising sea levels provide a constant reminder that climate change is intensifying. Many governments, corporations, and individuals have already attempted to reduce emissions by adopting new green tech and want to expand these efforts to prevent a humanitarian crisis. The McKinsey Platform for Climate Technologies represents one such effort, and it focuses on executing and scaling critical climate solutions. Despite such initiatives, however, several obstacles…

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