What are the Common Areas Affected by Regulatory Changes?
Taxation: Changes in tax laws can affect a company's bottom line. Businesses must adapt to new tax rates, deductions, and credits. Labor Laws: Modifications in minimum wage, overtime pay, and employee benefits impact payroll and staffing decisions. Environmental Regulations: New laws regarding emissions, waste disposal, and resource usage can require operational changes. Data Protection: Regulations like the GDPR and CCPA mandate how companies collect, store, and use customer data. Trade Policies: Tariffs and trade agreements can influence supply chain and market access.