Category: Current Affairs

Effects of COVID on Australian Market

The impact of COVID-19 can be felt by most industries in Australia in the form of reduced employee working hours, wage cuts, and staff reductions. Estimates show that 41% of jobs are at high risk of being terminated. This is why the Federal Government has introduced the JobKeeper wage subsidy scheme. Numerous industries in Australia have been shut down. Jobs have been terminated, and employees are being asked to take paid, or unpaid leaves as employees cut working hours or impose pay cuts. This will affect consumer spending, home price growth, and wage expectations, especially if the situation continues to worsen.

  • The GPS Team
  • 5 November, 2020
  • No Comments

Denmark Employment Policy Changes

Denmark made some significant changes to its labor law in 2020. The changes include amendments to policies regarding holiday laws, paid leaves, and employee data protection, among others. The introduction of the Danish Holiday Act, though, is the most significant change out of all. Here we discuss the major 2020 Danish labor law changes in detail.

  • The GPS Team
  • 4 August, 2020
  • No Comments

Sweden Updates Employment Protection Act

The Swedish labor market makes for a very interesting case study as it is primarily governed by collective bargaining agreements between the employers and trade and labor unions. Both parties are responsible for maintaining peace by basing agreements on a comprehensive framework provided by the Government, which it updates as necessary. Here we discuss the changes to Swedish labor law in 2020.

  • The GPS Team
  • 31 July, 2020
  • No Comments

Malaysia Labor Law Changes

Over the past decade, the Malaysian government has introduced a number of legislative measures and Acts to strengthen the labor market in the country further. The Personal Data Protection Act, the Minimum Wage Act 2018, and the Minimum retirement age act have all brought additional stability. In this article, we look at Malaysian labor law changes in 2020.

  • The GPS Team
  • 21 July, 2020
  • No Comments

China’s Response to COVID-19

China is one of the most affected countries by the coronavirus due to the fact that the outbreak first took root there. Despite being the first and one of the hardest-hit countries, it has managed to establish an efficient system to battle the virus and ensure economic stability as much as possible. In this article, we discuss China’s COVID-19 employment law changes to protect employer and employee rights amidst the pandemic.

  • The GPS Team
  • 17 July, 2020
  • No Comments

Multi-National Partnerships in Taiwan

Taiwan is a country known for innovative technology and high levels of productivity across a number of different industries. Amidst the COVID-19 pandemic in Taiwan, there were two industries with an unexpected overall increase in revenues in the first two quarters of 2020. The first was the electronics industry, followed by the semiconductor industry. The fact that these industries were able to actually increase overall revenues during a global pandemic helped to assure potential multinational investors of the resiliency of the country as a whole.

  • The GPS Team
  • 14 July, 2020
  • No Comments

Remote Working and Deductible Office Expenses in Australia

With so many opportunities to work remotely due to COVID-19 many organizations are being required to make a quick pivot in order to support employees who are working outside of the traditional workspace. Organizations in Australia are now looking at the long-term viability of keeping employees working remotely in order to decrease operational expenses and overhead. This then generates the question, how can employees working from home continually be supported by their organizations?

  • The GPS Team
  • 10 July, 2020
  • No Comments

Value Added Tax Proposed in Greece

Preliminary recommendations have been issued in Greece in order to reduce additional tax and social security contribution amounts with the hopes of potentially attracting investments from foreign parties. These investments may come in the form of multinational investors, multinational corporate partnerships or traditional tourism.

  • The GPS Team
  • 7 July, 2020
  • No Comments

Reopening Tax Courts in Canada after COVID-19 Closures

Across many nations, the COVID-19 pandemic has either slowed, or completely halted the use of the court and judicial system in an effort to stave off the spread of the virus. Canada has been no exception to these practices, and now is preparing to cope with a massive influx of lawsuits from the backlog. With the judicial system in Canada already being fairly busy prior to the COVID-19 pandemic, the government and the Supreme Court of Canada have made the executive decision to be more creative with some of the proceedings.

  • The GPS Team
  • 3 July, 2020
  • No Comments

India Minimum Wage Rates Vary by State

Cheap labor is equivalent to minimum wage, and that is exactly the condition across the many different states in India. Being such a massive country, India has over 1200 different minimum wage rates with variances across states, skill level and the different industrial sectors. Here is a look at the wage rates in some of the different states in India to see how they differ across states and across different skill levels/job positions.

  • The GPS Team
  • 16 June, 2020
  • No Comments