November 2023 Magazine
Here are our latest endeavours in the region. Continue reading below to explore the latest news in digital format.
EU Proposes Directive to Harmonize Transfer Pricing Rules
The European Union is taking a significant step towards tax regulation consistency across member states with the proposed introduction of a directive on Transfer Pricing, part of the broader BEFIT package.
The core aim is to ensure that enterprises engaging in cross-border transactions within the EU assess their taxable profits in line with the arm’s length principle.
This principle will be enforced through a common definition of “Associated Enterprise,” with criteria based on management participation, control, capital ownership, and profit entitlement.
Key transfer pricing issues such as method selection, transaction identification, adjustments, comparability analysis, documentation, and determining arm’s length ranges will be regulated, aiming to reduce disputes and foster a more cohesive tax environment in the EU.
Catalunya's Business Landscape: A Prime Time for Foreign Investments
For foreign companies eyeing expansion, Catalunya presents a landscape ripe with new opportunities. The region is backing its commitment to international growth with substantial grants up to €15,000 for local companies aimed at enhancing international promotion activities.
This proactive move by ACC1Ó is part of a strategic initiative, dedicating €3 million in 2023 to support businesses in stepping onto the global stage.
Whether it's through digital channels or traditional trade events, there's a clear path for external entities to penetrate and partner with Catalunya's vibrant market.
With this supportive backdrop, there’s never been a better time for foreign companies to explore partnerships, understand the market, and engage with Catalunya's dynamic business community.
Dive into an ecosystem where your venture can connect, flourish, and expand on an international scale.
SFAI Executive Director Europe and CTO Tour The Region
In a pivotal step towards expansion and innovation within our network, our CTO Pablo Fudim and Executive Director Europe Paula Vidal Castelli recently convened in London and Geneva for a series of strategic meetings with Silver Levene and Eurex. Discussions centered on the evolution of our services and the future trajectory of our presence in the region.
These meetings signify our commitment to staying at the forefront of service excellence. The leadership team outlined a roadmap for introducing new services, ensuring that our network remains dynamic and responsive to the ever-changing needs of our clients.
Accompanying this article are photographs capturing the essence of these discussions— moments where insight and foresight converge to shape the next chapter of our growth in Europe.
Stay tuned for updates on these exciting developments as we forge new paths and offer enhanced services to our valued network members.
David Ezekiel with Paula Vidal Castelli and Pablo Fudim
Amandine Dupré and David Guffroy with Paula Vidal Castelli
New Members in SFAI Europe
Leexè is an independent legal firm known for its objective and swift decision-making, offering clients the flexibility they need.
The firm is committed to delivering high-quality services efficiently, leveraging technology to provide cost-effective legal solutions with quick turnarounds.
As part of an extensive network of European law firms, Leexè also offers comprehensive insights into national business laws and facilitates legal collaboration across borders.
Tbli Group provides a platform for investors focused on combining financial returns with positive environmental and social outcomes.
With a history in sustainable investment advisory and education, Tbli supports responsible investment practices and stakeholder capitalism.
Their services include ESG and impact investing strategies, market intelligence, risk assessment, and impact reporting, aiming to connect investors with sustainable ventures and contribute to a greener economy.
Squair stands out in the French legal landscape, with over 50 dedicated lawyers across five offices, marking it as one of the country’s largest 100 law firms since its inception in 2019.
Squair pioneers an innovative approach to business law, eschewing traditional hierarchies for a client-centric model.
Partners at Squair prioritize delivering high-value counsel efficiently, reflecting their commitment to adaptability and social responsibility in line with the evolving demands of modern entrepreneurship and lifestyle.
It’s not about age. Reverse mentoring revolves around recognizing the wealth of experience and knowledge that each individual can bring to the table, regardless of their position or tenure within the organization.
Reverse mentoring harnesses this untapped potential by providing them with the platform to share their insights with more senior colleagues.
Reverse Mentoring:
An Innovative Approach to Professional Growth
Unlocking Potential: The Pivotal Role of Employee Growth and Training
Transforming potential into performance, ambition into achievement, and challenges into successes.
By investing in employee growth and training, you are essentially equipping your organization with a formidable shield against obsolescence and a spear to carve out new opportunities.