Thank you Rob Parry-Jones for your kind comments about the Global Market Entry training program!

By |2021-10-21T19:41:41-04:00October 21st, 2021|Categories: Uncategorized|

In the course of my professional career, I have spent the majority of my working life operating and working internationally in roles that have not only seen me living in a multitude of countries and continents, but where my role has covered large international geographic areas. One of the challenges I faced in the early stages of my career was simply finding out how to get things done in foreign countries. Understanding the various legal systems, regulatory and financial environments  and most importantly the people and the culture. Over the years as this became one of my personal strengths it was interesting to note how few managers, executives and senior executives had any exposure at all to these needs and often relied on high priced and often poorly connected advisors that created more ‘noise’ than necessary. As the world continues to turn into a large village I believe that the ability to conduct business internationally is a skill-set that needs to exist in all companies whether large or small. I first came across Birchtree Global and Dr. Janet Walsh a couple of years ago through my network and have been highly impressed with the quality and depth of training that her company provides. It is incredibly comprehensive and suitable for all levels and functions that are likely to support or be exposed to overseas enterprise. I wish I had had the opportunity to attend such a program before I first landed in Morocco and spent my first trip to the hotel on a bus complete with chickens, all whilst wearing my business suit! I really cannot recommend her or her programs more highly.

Robert E Parry-Jones

Heads UP! New Global Tax Rules Coming

By |2021-10-14T19:23:40-04:00October 14th, 2021|Categories: Uncategorized|

Are you expanding your business overseas?  Do you sell to global multinationals? Then, make sure you pay attention to this change in global tax rates.  The Organization for Economic Cooperation and Development (OECD) the G20 Finance Ministers, and 130 out of 139 countries have agreed to change the way international tax rules apply to multinational companies.  The new system is designed to distribute more taxes paid to countries where products or services are sold, as opposed to paying taxes only in the multinational’s headquartered country.

There are two pillars of the agreement.  Pillar 1 is focused on changing where large companies pay taxes; Pillar 2 includes the global minimum tax. According to the Wilson Center:

“Pillar 1 enables countries to tax between 20% and 30% of the profits of the world’s largest and most profitable companies above a 10% earnings margin, based on where a company makes its sales, rather than where it is incorporated.  The deal would apply initially only to companies with revenue over $23.8 billion – essentially 100 companies. After seven years, however, that threshold would fall to 10 billion euros.  Financial and extractive industries may be excepted (Hamilton, 2021).”

“Pillar 2 would apply a minimum 15% corporate tax rate to a much larger set of companies by the governments where those companies are headquartered, if a company has not paid 15% overall across its global operations. The goal is to remove incentives by those companies to shift profits between jurisdictions to avoid taxes. The full extent of companies covered by this arrangement is still to be determined (Hamilton, 2021)”.

This means very large US companies will pay less US taxes, but foreign companies will pay taxes on sales made to Americans.  If countries with low tax rates such as Ireland, Hungary, and Estonia refuse to adopt these changes the Biden administration is proposing to raise taxes on companies based in these countries or others, that may refuse to sign onto the deal.

As a reference, In 2020, 35 countries had a top corporate tax rate below 15%.

Companies in the extractives sector (like oil, gas, and other mining companies) and financial services companies would be excluded from the policy.  The proposed regulation also mentions companies “in the initial phase of their international activity” could be exempt from the global minimum tax, but this has not been approved.

Despite the agreement on the elements of these changes many details must be worked out and agreed upon.  It is recommended you stay abreast of this topic as a global business leader.  As you can see, this new collaborative policy on global tax has significant implications for global businesses.

You can find articles on this subject in the news.  Two well-regarded resources are as follows:

References:

Hamilton, D.  (2021, July 8).  Rewriting Global Tax Rules: It Ain’t Over Til It’s Over. Retrieved from: https://www.wilsoncenter.org/article/rewriting-global-tax-rules-it-aint-over-til-its-over

Kallen, C. (2021, August 24).  International Tax Proposals and Profit Shifting.

Retrieved from:  https://taxfoundation.org/international-tax-proposals-profit-shifting/

 

NEW YORK LAW GIVES NURSING HOME RESIDENTS A RIGHT TO VISITS DURING PANDEMICS

By |2021-07-19T11:27:37-04:00July 19th, 2021|Categories: Uncategorized|

I was so angry at not being able to visit my beloved aunt who died during the pandemic that I decided to try and make a difference. I asked if the LinkedIn community thought this was a critical issue and you responded with over 8,000 views and comments. You agreed as did many others including our State Assemblyman Chris Burdick.

Today, New York State has in place a law that gives nursing home residents the right to family visits during a pandemic. I encourage each and everyone reading this to adopt a similar law in your state. You CAN make a difference.

https://www.syracuse.com/news/2021/03/new-ny-law-gives-nursing-home-residents-a-right-to-visits-during-pandemics.html

Dr. Janet L. Walsh
President and CEO
Birchtree Global, LLC

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Birchtree Global CEO and President, Dr. Janet L. Walsh is teaching HR executives how to maximize the positive effect of HR operations on global business.

By |2021-07-11T11:41:48-04:00June 9th, 2021|Categories: Uncategorized|

From Columbia University Human Capital Management  

Our course in Leading Cross-Cultural Global Organizations was pleased to host Giovanni Giordano in class discussions. Giovanni’s executive HR experience includes BATFerrero International, and Procter & Gamble. He led a spirited discussion on the role of #HR in cross-cultural strategy.

Tom Colella led Walmart’s International Executive Recruiting and Corporate Talent Acquisition Teams, was the Senior Client Partner and Global Practice Leader at Korn Ferry International and the Principal Deputy Assistant Secretary of the Navy for Manpower and Reserve Affairs. Tom taped his presentation and is following up by answering student questions on global staffing and #strategy.

Cathy Heyne, President, Living Abroad, and her team provided cultural assessments for each student, then compared the assessment with individual countries’ cultures.

Steve Safier, PhD 

https://www.linkedin.com/posts/columbia-university-human-capital-management_hr-strategy-activity-6807679349928673280-wpCM

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Dr. Janet L. Walsh Elected GlobalScot

By |2021-05-12T21:45:12-04:00May 12th, 2021|Categories: Uncategorized|

The GlobalScot organization aims to connect organisations in Scotland with worldwide business and community leaders. These leaders offer one-to-one support, global market knowledge and contacts to businesses expanding into or out of Scotland. Scotland offers a unique environment, services, and opportunities for businesses. Thank you to John Lowe of Hilltop Global Partners for nominating me!

See more about the programs at: https://www.globalscot.com/home

#globalbusiness #birchtreeglobal #Scotland #globalization

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Got your passport?

By |2021-05-11T07:56:05-04:00May 11th, 2021|Categories: Uncategorized|

If you don’t and you need to travel, you may be in trouble. Watch this informative investigative report from my colleague Bill Liss.
He shares the current issues with regard to passports and travel….

https://www.11alive.com/article/travel/review-us-passports-before-traveling/85-489f019f-ee2a-4090-b2f0-ab9cb02986af

#travel #businesstravel #passports #expatriates #birchtreeglobal

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Wendy Pease interviews Dr. Janet L. Walsh on global businesses

By |2021-04-29T15:42:27-04:00April 29th, 2021|Categories: Uncategorized|

Wendy Pease does a great job interviewing business people and highlighting the importance of language and communication in global business. Thanks for interviewing me on the show! Here is the link to the program.

https://lnkd.in/gH8qdvz

#globalbusiness #globalbusinessservices #birchtreeglobal #globalmarketentry #janetlwalsh #wendypease

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World Trade Center Atlanta Launches Global Market-Entry Academy in Bid to Broaden Services

By |2021-04-15T20:49:08-04:00April 15th, 2021|Categories: Uncategorized|

The staff of Birchtree Global are pleased to be featured in Trevor Williams article on the Global Market Entry Academy at the World Trade Center Atlanta.

Thanks Trevor and Global Atlanta!

https://www.globalatlanta.com/world-trade-center-atlanta-launches-global-market-entry-academy-in-bid-to-broaden-services/

 

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Jeff Bezos, Richard Garriott, Buzz Aldrin Lead the Explorers Club

By |2021-04-13T12:13:35-04:00April 13th, 2021|Categories: Uncategorized|

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