The world's most stringent digital data privacy law came into effect today with the implementation of the EU's General Data Protection Regulation, and Japan, South Korea and Brazil are preparing to follow suit, writes Adam Satariano. Facebook and Google have invested heavily in preparing for GDPR and are also facing further crackdowns on their power in the EU with Brussels and member countries paving the way for tougher tax rules and antitrust legislation, he writes.
Companies are scouring the new tax law for optimal strategies, with one focus being the base erosion and anti-abuse tax and its interaction with cost of goods sold. "The COGS loophole for BEAT is a straightforward gimmick, but I am unsure how or whether the IRS will stop it," said Steven Rosenthal of the Urban-Brookings Tax Policy Center.
Former Dollar General CEO Cal Turner Jr. learned how to ask questions of his employees that resulted in valuable insight. "The boss needs the reputation of seeking the actionable truth, not what you think the boss should want to hear," he said.
Does your business need a new credit card? Right now, for a limited time, one of the top business credit cards is offering its highest welcome offer ever: 100,000 points. Learn more and compare card offers.
Birds, reptiles and beetles are popular pets in Japan; people in Australia adopt sick, injured or orphaned wallabies; and crickets are among popular pocket pets in China. Dogs and cats are still the most popular pets worldwide, but rabbits are gaining ground.
SmartBrief will not publish Monday
In observance of Memorial Day in the US, SmartBrief will not publish Monday. Publication will resume Tuesday.
Men are accused for not knowing their own weakness, yet, perhaps, as few know their own strength. It is in men as in soils, where sometimes there is a vein of gold, which the owner knows not of.