Getting Ready for EUMDD
By Allen Campbell, JD
Published in CPA Journal, January, 2022
U.S. business owners and their accounting professionals may be surprised to learn about a proposed European legal regime that will have a major impact on global business. Their surprise might turn to shock when they learn that businesses they own or serve will become subject to legal obligations or supply chain problems they never contemplated. Who, for example, would have expected that a company might lose a long-standing export customer because of a wasteful production process upstream in its supply chain, or because of trade union disputes?