A round up of other news this week.
The Taylor Review of Modern Working Practices reported that the labour market is rapidly evolving and the Government launched a consultation on employment status, to gain opinions on the current issues with the employment status framework. KPMG in the UK has now responded to this consultation.
The Court of Justice of the European Union (CJEU) has rendered its decision in the Hornbach Baumarkt case, ruling that certain German transfer pricing adjustments are not, in principle, contrary to the freedom of establishment.
Serbia has deposited its instrument of ratification for the Multilateral BEPS Convention with the OECD.
Ed Thomas, KPMG in the UK’s Head of Transport, commented on this week’s decision to approve of a third runway at Heathrow Airport. He stated that this is a pivotal moment for UK aviation, especially as the UK is not currently connected to 128 of the biggest cities in the world and UK plc needs to demonstrate both its ability and willingness to connect to rest of the world. This positive commitment to vital UK aviation infrastructure will send a strong message.
KPMG Nunwood’s new Global Customer Experience Excellence Report this week highlights that brands that deliver the best customer experience achieve a 54 percent higher revenue growth. The report is based on a survey of approximately 55,000 consumers across 14 markets, identifying which brands consumers rank highest for customer experience excellence.