Fact: The disruptions in global trade routes, such as those at the Suez Canal and Panama Canal, have significant tax implications for multinational corporations, affecting transfer pricing, profit attribution, intangible property, withholding taxes, and customs duties.
A new survey shows that many Britons are unaware of the upcoming European Union Entry/Exit System (EES), which will replace manual passport stamping with biometric checks. Concerns have been raised about potential delays at airports due to the new system. Additionally, Britons will also need to obtain pre-approved travel authorisation through the European Travel Information and Authorisation System (ETIAS) for visits to certain European countries. The UK Parliament’s European Scrutiny Committee is investigating the potential impact of the EES on UK borders, including possible gridlock in Kent.