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The French Administrative Supreme Court provides clarifications on the French CFC regime in a non-EU context In a decision dated 25 April 2022, the French Administrative Supreme Court has provided useful clarifications on the French CFC regime (art. 209 B of the FTC) in a non-EU context. Although it relates to the French CFC regime in its version applicable in 2... Stamp duty reform proposal published on Tax Administration and Maintenance Day It has become a bit of a tradition that a fiscal statement is followed by a further day of tax-related announcements and publications. The tax administration and maintenance day following the Spring Budget 2023 took place on 27 April 2023 – just in time t... Bizkaia, a first mover in Spain’s film industry, provides a tax incentive of up to 70% for foreign and domestic audio-visual productions As mentioned in a previous post, the three historical territories of the Basque Country in Spain (as well as Navarre) have their own tax status and tax sovereignty, which entitles them to pass their own tax legislation. Bizkaia has approved a new tax fram... In for a penny: Data protection and privacy implications of the Bank of England’s digital pound proposals February this year saw the Bank of England and HM Treasury declare that it is “likely” that a digital pound will be issued in future and used by households and businesses for everyday transactions. We discussed the joint consultation paper’s proposed ‘pla... Fixated but no fixation as High Court finds copyright does not subsist in Bitcoin file format As the world continues to be fixated with cryptocurrencies like Bitcoin, the High Court has recently found that copyright does not subsist in the Bitcoin file format due to a lack of fixation. Background The first Claimant, Dr Wright, claims to be the cre... Investing in Generative AI Public interest in generative AI has reached a fever pitch since the release of GPT-4, the latest edition of OpenAI’s large language model, or LLM. Meanwhile, investors have over the past year been allocating an unprecedented amount of capital into AI and... Another change of tack: can a new code crack the TDM riddle? As part of the continuing debate on how best to balance the rights of AI developers and IP rights holders in the context of text and data mining (“TDM”), the UK Government has recently announced that the UK IPO will be producing a new code of practice in ... UK’s plans for AI Regulation published on day Elon Musk calls for pause in AI development On the day that Elon Musk and over 1000 AI experts called for a pause in the “out-of-control race” to develop ever more powerful AI, the UK Government published its long awaited “Pro-innovation approach to AI regulation” white paper (29 March 2023). The U... Towards a fair and innovative data economy: European Parliament backs new EU Data Act The European Parliament (EP) has backed new rules for access to, and use of, data generated in the EU across economic sectors making a few amendments to the European Commission (EC) proposal. The proposed EU Data Act establishes harmonised rules for the s... The European principle of legality of taxation and some possible applications in a French context The principle of legality of taxation (or principle of fiscal legality) forms part of the legal order of the European Union (EU) as a general principle of law. The Court of Justice of the European Union (CJEU) has ruled as such on two different occasions....