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Blockchain is the biggest buzzword in technology today. Cryptocurrency and bitcoin more specifically made blockchain famous. Blockchain technology was originally developed as part of bitcoin, but the two are not the same. Blockchain can support a wide range of applications, and it is being used for peer-to-peer payment services and supply-chain tracking and more. So, what exactly is blockchain?Read More
Data is said to be the new currency. Data monetisation is a hot topic as if every company can go about it easily, aggregating vast amount of data, use it to enhance current offerings and in the process disrupting established industries or transforming the way traditional businesses operate; or simply sell the Data to another company that finds more value. However, very few companies are in the right business to start with, have the opportunity and ability to acquire the vast amount of relevant “Big Data”, or the resources and know-how to transform to a Data-Driven technology business.Read More
During the double-digit GDP growth years leading up to China’s modernised Enterprise Income Tax (EIT) law in 2008, most foreign companies conducted business in China in one of two ways. Many took advantage of tax breaks and inexpensive operating costs by establishing joint venture or Wholly Foreign-Owned Enterprise (WFOE) manufacturing companies, which produced goods for export and consumption outside China. Others chose to source goods in the country and establish Representative Offices (ROs) to assist with the process.Read More
The 25 May 2018 deadline for the new European data protection regulation is fast approaching and will affect almost every company in the EU, as well as any business outside the EU that holds data on EU citizens. For any business that processes personal data, the General Data Protection Regulation (GDPR) should be of real concern, as failure to comply could result in fines of up to the higher of €20m or 4% of aggregate global group sales.Read More
Nexia TS is a member firm of the “Nexia International” network. Nexia International Limited does not deliver services in its own name or otherwise. Nexia International Limited and the member firms of the Nexia International network (including those members which trade under a name which includes the word NEXIA) are not part of a worldwide partnership. Nexia International Limited does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members. Each member firm within the Nexia International network is a separate legal entity.