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That makes them compliant with American law. Your company may still not be in compliance with local law (which can differ significantly in the liberal interpret
by dghlsakjg 3y ago
That makes them compliant with American law. Your company may still not be in compliance with local law (which can differ significantly in the liberal interpretation of what the us thinks a contractor is), and that can cause serious issues.
- pb7 3y agoEarnest question: what serious issues do you envision if the company doesn't physically operate in that country?
- dghlsakjg 3y agoThe employee may find themselves in hot water or facing some serious tax implications, the company may find that they are no longer able to do business there, the executives of the company may find that they have trouble at the border. Depending on treaties, not having a formal business entity in a country doesn’t make you immune to their laws and taxes (not a lawyer, but it is totally possible to collect foreign debts in the US for example), if you’re publicly traded, breaking foreign laws intentionally is a BAD idea. On top of all that most companies strive to stay on the right side of the law regardless of the ability to get away with it. Not an exact parallel, but see the saga of the Huawei exec who was arrested in Canada on behalf of the US for a business deal made by a Chinese company with Iran. Are you probably going to get away with it? Yes, if you aren’t a very big fish. But what if you don’t.