The COVID-19 crisis has highlighted the challenges a multinational enterprise (“MNE”) faces when global supply chains are disrupted. Decisions must be made quickly when a distribution center is temporarily shut down, when employees in key supply chain roles cannot perform their functions in their expected locations and when the source of raw materials or components
COVID-19 has left employee workforces separated from their country of assignment. To continue operations, employers transitioned employees to work-from-home or other virtual work arrangements. Globally, tax authorities are considering how to address unintended corporate and individual tax consequences of displaced individuals physically present within a particular jurisdiction and those who are also performing business activities within such jurisdiction due to travel restrictions and stay-at-home orders.
This morning we have had the first report from HMRC on the operation of the furlough scheme. It is in the form of a tweet. It reports that 185,000 claims have been submitted covering 1,300,000 employees. So a lot of employees are benefitting from the Scheme. A lot of employers are, also doubtless, making…
As part of the accelerated legislative process set up by the French Parliament, an emergency bill to combat the Covid-19 crisis (loi n°2020-290, the “Law”) was adopted on March 23rd, 2020. The Law notably provides that the French Government is allowed to take specific measures by ordinance to adapt certain aspects of the French legislative framework.
Among an impressive number of eagerly-awaited ordinances adopted by the French Council of Ministers (“Conseil des Ministres“) on March 25, 2020, Ordinance n°2020-306 (“Ordonnance n° 2020-306 du 25 mars 2020“) relates to the extension of time limits and the adaptation of judicial and administrative procedures (the “Ordinance on Deadlines”).
The COVID-19 public health crisis has caused considerable damage to the economy of affected countries and to their trade partners. In an effort to mitigate the financial impact of this extraordinary crisis, measures are being implemented across Europe and the globe.
In the European Union, the European Commission has adopted a Temporary Framework to enable Member States to use the flexibility contemplated under State aid rules to support the economy in the context of the COVID-19 crisis. Along with a variety of other support measures that may be used by Member States under existing State aid rules, the Temporary Framework enables EU Member States to preserve the continuity of economic activity during and after the COVID-19 crisis.
In response to the coronavirus (COVID-19) epidemic, the French government recently proposed a legislative package of emergency measures consisting of (i) an Amending Finance Act for 2020, (ii) an Emergency Bill To Combat the Covid-19 Crisis and (iii) a Bill for Extending the Review Period in Constitutional Matters. In addition to this legislative package, the government has announced several tax and social measures that will be taken to support the French economy.
Continue Reading Exceptional Tax Measures Announced by the French Government to Support the French Economy
Last week, the US Internal Revenue Service issued a notice to remove some of the barriers to testing for and treatment of COVID-19. Employment & Benefits partners Stephanie Vasconcellos and Debra Hoffman provide further detail in Mayer Brown’s Benefits & Compensation Blog.