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US-EU negotiators reach agreement on Privacy Shield reboot On 25 March, US President Joe Biden and European Commission President Ursula von der Leyen announced that, after a year of negotiations, the US and EU had reached an agreement in principle on a new Trans-Atlantic Data Privacy Framework (the Framework) to...
The potential Spanish permanent establishment of remote workers during and after COVID-19 The Spanish tax authorities have recently published a binding tax ruling (V0066-22 dated 18 January 2022) which concluded that, in certain circumstances, an individual working in Spain remotely during and after the COVID-19 restrictions should not create...
Ransomware attacks: Are you ready? New ICO guidance can help The ICO’s new ransomware guidance could not have come at a more pertinent time. This week  Joe Biden, told US business leaders it was their “patriotic obligation” to strengthen their digital defences against Russian cyberattacks and last month the...
A “tax plan” for the UK One big surprise in the UK’s March 2022 Spring Statement was the promise to cut the basic rate of income tax by one percentage point from April 2024. The Chancellor also announced that the national insurance contributions threshold would be aligned with...
Buckling up the UK’s digital seat belts: Online Safety Bill covering ‘basic protections for the digital age’ introduced to Parliament The UK took a major step on Thursday towards establishing the world’s first online safety laws with the introduction of the Online Safety Bill to Parliament for formal legislative scrutiny. With it the Government hopes to bring in a “new digital age which...
Cum/ex, the final decision: And in the end, short sales didn’t even matter The German Federal Fiscal Court (Bundesfinanzhof, BFH) published its long-awaited ruling on the legality of so-called "cum ex"-structures which may have led to multiple refunds of German withholding tax (WHT) that was paid only once. The ruling brings an...
Final report on the UK ring-fencing regime Back in January I wrote about the update which the independent panel reviewing the UK ring-fencing regime (the "Panel") had given about the progress of its work and its initial findings. Just over two months later the Panel has now published its Final...
First ICO ransomware fine: what lessons can we learn? Last week the ICO fined leading criminal solicitors Tuckers LLP £98,000 for breaches of its security, and other, obligations under the GDPR which came to light following a ransomware attack. The monetary penalty notice provides some useful lessons for all...
Exploring the pros and cons of an online sales tax It is clear from the recent HM Treasury consultation document that an online sales tax (OST) applied to certain sales to UK customers would be a very complex measure, even though its aim of levelling the playing field between retailers operating on the...
Is tax gender-neutral? A recent OECD report, based on a July 2021 survey of 43 countries, including from the G20, the OECD and beyond, found few examples of explicit bias (i.e. where tax rules differ by gender). But more than half of the respondent countries saw a risk of...