Life Science Services

Key Pitfalls to avoid for U.S. Biotech Firms when settling in Europe

In this article we would like to share our experiences in the most common and recurring pitfalls that US Biotech companies do when going global and coming to Europe. We will address four key areas: The views expressed in this article are different from the established norms, but we believe they reflect today‚Äôs reality. Because […]

SAP talks about us!

Ichnos Sciences is a fully integrated biotechnology company headquartered in New York City with an Innovation Hub and Manufacturing operations in Switzerland. Focused in research and innovative, transformative solutions on the frontiers of oncology and autoimmune diseases, Ichnos Sciences seek to treat patients holistically, by targeting diseases and their consequences on the human body on […]

What is transfer pricing ?

This article will provide you with a high-level methodology for the different methods and types of transfer pricing. You will not become a tax expert, but next time you will be asked the question ‚Äúwhat is your transfer pricing method‚ÄĚ, you probably won‚Äôt respond ‚ÄúCost +‚Ä̂Ķ Multinational companies, MNE, used to allocate profits (earnings before […]

What is Shadow Payroll?

Today‚Äôs workforce is mobile, and COVID-19 pandemic has accelerated this trend. France, Italy, Germany and even Belgium, Netherlands and UK‚Ķ It is not unusual to hear that people returned to their home country and are working remotely. Can this practice have an impact on companies and the way payroll is handled? Yes, it does. As […]

Work from home, employers obligations in the EU big 6 and Switzerland

Continuing with our “work from home” series, we would like to share with you in the table below and the file attached our findings about the discrepancies of the work from home laws in the 6 biggest European countries and Switzerland. Do not hesitate to download the table and the references by clicking the file […]

Future Tax Policy for Digital Economy

The digitalization of the economy remains an important tax challenge and was identified as an area of focus of the Base Erosion and Profit Shifting (BEPS) Action Plan. With the objective to change the actual profit allocation rules for digital companies two Pillars were identified: Grouped under an Inclusive Framework (‚ÄúIF‚ÄĚ), the Program of Work […]

Tax opportunities post COVID-19

With the sudden appearance of COVID-19, many businesses encounter tough and violent challenges as shut down with a loss of revenue and removal of production capacity. The preservation of the EBIT and especially the cash is critical. Therefore companies should focus on completing their 2019 tax credits on R&D might help to obtain cash refunds […]

What will impact the CFOs lifes in 2018?

As world is accelerating, every year faster, to more digital and all-service economy, 2018 will be a pivotal year for the finance function. You may have read similar comments in the past years, but you have not seen many changes in the finance functions. You still: Is this your budgeting process? If yes, I am […]