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Key takeaways from the ClimateTech Summit (part of London Tech Week) During the hectic schedule of London Tech Week - the flagship annual tech event in the UK – we were lucky enough to attend the thought-provoking ClimateTech Summit on the second day of the conference. At the intersection of both our Sustainability and Tec... Greening Imports: UK Government to consult on a unilateral CBAM It's been an interesting month so far in the world of climate taxes.  For a brief moment it looked as though pens were down on the European Carbon Border Adjustment Mechanism (CBAM), Social Climate Fund and Greenhouse Gas trading proposals, pending politi... German foreign-to-foreign IP taxation: Ministry listens to complaints and prepares for an end On 16 June 2022, the German Federal Ministry of Finance (MoF) submitted to the finance committee of the German parliament its evaluation report of the “register cases” reported since 2020. “Register cases” are instances where, on the MoF’s interpretation ... What we can expect in the Data Reform Bill: UK Government publishes consultation response on UK data protection law reform The UK government has published its response to the 2021 Data: a new direction consultation (which we discussed in our September blog), outlining which of the consultation’s proposals will be included in the forthcoming Data Reform Bill. Some of the more ... The 'super-deduction': unobtainable by design? The draft Energy (Oil and Gas) Profits Levy Bill published on 21 June 2022 (the Bill) shows the difficulty, and danger, of using purpose tests in legislation when the Government is seeking to use tax to influence behaviour. It can have the effect of rende... UK financial regulators to oversee big cloud providers HM Treasury (HMT) has unveiled plans to introduce a new framework that would provide the UK financial regulators - the Bank of England, the Prudential Regulation Authority (PRA) and the Financial Regulation Authority (FCA) - with powers of direct oversigh... Energy (Oil and Gas) Profits Levy Bill Pressure on the Government to take action on the cost of living crisis led to the announcement of a new “temporary” and “targeted” tax on certain oil and gas profits arising from 26 May 2022. A draft Energy (Oil and Gas) Profits Levy Bill (the “Bill”) to ... (Greater) goods and (community) services: is it time we rethought charity VAT? Registered charities in the UK benefit from a broad exemption from most tax, so they might be forgiven for assuming that they are also exempt from VAT - but that is not the case. To make it more confusing, the law as HMRC applies it can mean that the same... UK promises 'light-touch, pro-growth regulatory regime' in new digital strategy On Monday, the UK Government published its long awaited digital strategy. It replaces the existing (2017) strategy and sets out plans for how the UK can “strengthen its position as a global science and tech superpower”. The UK is starting, the strategy sa... On target: Court of Appeal finds Amazon did infringe Lifestyle Equities’ UK and EU trade marks The Court of Appeal has reversed the High Court’s decision in Lifestyle Equities v Amazon, finding that Amazon.com’s advertisements, offers for sale and sales of certain US branded goods to UK and EU customers did amount to use in the UK and the EU and in...