The EU Commission published its already much-debated DEBRA proposal on 11th May 2022, in her move to re-vamp again the tax environment in which corporate taxpayers try to navigate
The EU is on course to secure new powers that will enable the Commission to review market-distorting subsidies from outside the block. The EC’s much debated proposal, published last year (see our reporting here), aims to fill a gap in the EC’s policy toolbox
On 11 May 2022, the European Commission published a Directive proposal to tackle the tax bias in favour of debt funding. The proposal includes both a notional deduction on growth in equity
After the entry into force of the Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector on 10 March 2021 ("SFDR"), supplemented by the Regulation (EU) 2020/852
It is a truth universally acknowledged that Bitcoin has the same carbon footprint as [insert small-to-medium sized European country here]. Now the European Parliament is trying to encourage cryptoassets
On 25 March 2022, the European Commission and the United States announced agreement in principle on a new Trans-Atlantic Data Privacy Framework. This will be welcome news to businesses on both sides of the Atlantic but has some way to go before it becomes a reality.
On 9th March 2022, the Luxembourg Ministry of Finance introduced a new bill of law n°7974 before the Luxembourg Parliament, which amends the current interest deduction limitation rule (“IDLR”) by removing EU regulated securitization vehicles (“SVs”) from the exemption provided for financial undertakings.
On 14 March 2022, the OECD published the commentary on the OECD “GloBE” Model Rules concerning the introduction of a minimum effective tax rate worldwide on large multinational enterprises. At the same time, it opened a four-week consultation period on the implementation of these rules.
Transposant l’article 30 de la directive (UE) 2015/849 du Parlement européen et du Conseil du 20 mai 2015 relative à la prévention de l’utilisation du système financier aux fins du blanchiment de capitaux ou du financement du terrorisme, tel que modifié par la directive (UE) 2018/843 du 30 mai 2018, la loi du 13 janvier 2019 (la « Loi RBE »
In recent days the EU and the UK have adopted and expanded a number of sanctions measures against Russian and Belarusian individuals and companies. This article focuses on restrictive measures directed against Russia’s financial sector from an EU (I.) and a UK (II.) perspective.
