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UHY GLOBAL JANUARY 2018 WORD OF WELCOME


WORD OF WELCOME


Welcome to the pilot online edition of UHY Global, our twice-yearly magazine for organisations with an international outlook. We are very excited to introduce this digital version of UHY Global issue 5, which carries the same great features as its print edition, plus background extras and click-throughs to source information including websites and video – you can even email UHY contributors to find out more! Navigation is easy. Check out the basics in the 'How to' tab, or simply use the toolbar. There is a full contents list on the next page, which is an excellent starting point, and will take you directly to the features of your choice. Meanwhile, my 'Welcome' tab puts the whole edition in context. I do hope you enjoy reading UHY Global, and in doing so, will come to know our international network a little better. WORD OF WELCOME. For over 30 years our independent member firms have been advising and supporting ambitious enterprise across the world. As our clients' reach has grown, so has the UHY network, which currently covers over 95 countries and 325 major business centres worldwide. Our member firms work together across borders to offer clients local knowledge with a global perspective. In our regular 'Cogs & Wheels' section of UHY Global, we offer a glimpse behind the scenes of how our member firms help clients succeed internationally. Also in this edition, our clients tell their own story: and whether that is about luxury superyachts, safety equipment or precision tooling, their growth demonstrates how international ambition is alive and well. This is why I am fascinated by current talk of how far our globalising world can sustain its modus operandi. It would appear that with each new political or economic argument for change, the engine of globalisation is slowing. In our feature 'Is this the end of Globalisation?' we tackle the issue head-on, and are happy to conclude that while the nature of globalisation is certainly changing, reports of its demise may be a little premature. Another relatively recent trend in many economies has been the transition of labour from employment to self-employment. In sectors such as retail, services and new technology, traditional employment practices are fracturing, creating uncertainty in financial and legal policy and labour protection. We put this new wave of industry under the spotlight in our feature 'Getting the Gig' and examine whether economies – and people – benefit or not. I hope UHY Global will provide you with some food for thought and an insight into how our UHY member firms are approaching the many challenges of 2018. I do believe that global business will weather the storms and get into better shape in the process. Governance, transparent reporting, data management and tax equality are all high on the corporate agenda. In our article 'Taxing the World', UHY tax experts share their thoughts on the challenges of new legislation and regulation. International tax reform is not the fastest-moving driver of change in our global economy, but it is one of the most complex. I wish all our readers a prosperous year ahead. Bernard Fay, Chairman, UHY International.

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