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MSI Global Alliance: COVID-19 VAT measures in EU countries

15th April 2020

As a result of the COVID-19 crisis many (if not all) EU countries have introduced temporary support measures regarding VAT (as well as other taxes). As many businesses and clients of MSI member firms will have operations in one or more EU countries we have compiled a concise overview of the various EU VAT measures supplied by MSI member firms.

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Australia: Are tenants entitled to rent relief ?

15th April 2020

Most leases, including the current Law Institute of Victoria’s Lease of Real Estate (Commercial) (LIV Lease) do not deal with the unique circumstances that we are facing with COVID-19. Tenants facing significant decreases in revenue are asking, “am I entitled to any rent reduction in these circumstances and am I allowed to stop conducting my business from the premises?” MSI's Melbourne accounting member Morrows Pty Ltd provides answers.

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USA: Small business bankruptcy protection in the era of the coronavirus

15th April 2020

If you engage in commercial or business activities, or own a company that does, and have less than $7,500,000 in total debt, inclusive of all secured and unsecured debt, the new federal Small Business Reorganization Act (the “SBRA”) may provide a valuable tool to deal with creditors, save your business and preserve your ownership from the aftermath of the coronavirus (COVID-19) pandemic. MSI's NYC law member Moses & Singer explains further.

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USA: CARES Act Paycheck Protection Program

15th April 2020

The Paycheck Protection Program (PPP), as a result of the $2 trillion CARES Act signed into law, authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. MSI's Louisiana law member Taylor Porter provides further information.

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