EY Sheds Light on 3 Key Business Travel Risk Areas
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With global risks rising, companies need to proactively manage tax, immigration, and compliance risks in business travel to protect employees and avoid reputational damage.
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- SAP Concur BlogEY Sheds Light on 3 Key Business Travel Risk Areas
EY, through SAP Concur, offers an end-to-end travel management solution to help corporations manage business travel risks. The article identifies three key risk areas: trade risks (rising protectionism is the biggest risk, with US-China business travel suppressed), tax risks (129 countries pledged to implement BEPS, tax authorities may demand permanent establishment), and talent risks (countries protect domestic workers, such as EU posted-worker regulations). EY's service provides real-time assessments of travelers' tax, immigration, and EU posted-worker obligations.