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Certain provisions of the administrative guidelines on the 3% French DST judged as incorrectly interpreting the law In 2019, a French Digital Services Tax (DST) was enacted in order to subject to a 3% tax two categories of services provided in France: digital intermediation services and targeted advertising services. The DST law notably provides for a certain number of... NFTs: a new kind of minting for the UK Mint Despite acknowledging that "there isn’t even consensus on what the implications of crypto are… when or whether we’re going to reach some kind of steady state… or even whether crypto itself is a good thing", Economic Secretary to the Treasury John Glen ann... CJEU rules that the Portuguese tax regime applicable to UCIs restricts the free movement of capital In a decision that will unlock a number of pending cases and encourage EU (and third country) UCIs to apply for a refund of Portuguese withholding tax suffered in respect of dividend (and potentially also interest) payments, the CJEU held that the differe... Key themes for 2022: an interview with tech partner Laura Houston I recently interviewed Laura Houston, a partner in our tech group, about the key themes she is currently discussing with clients in the tech and data space. The interview was for Tech Nation, the UK Government funded growth platform we are currently partn... Risky Business - PRA sets out expectations on firms engaging in cryptoasset activities Last week the PRA published a letter directed to the CEOs of banks and PRA-designated investment firms regarding their exposures to cryptoassets. This was one of a number of publications released at the same time and which included: the Financial Policy C... Cryptoassets and financial stability: BoE outlines key risks and approach In a new report published last week, the Financial Policy Committee (FPC) of the Bank of England began formalising its position on the risks to financial stability posed by the increasing size of the cryptoassets market. The FPC concludes that while crypt... Who will guard the 'gatekeepers': EU one step closer to regulating Big Tech The European Union's institutions came together at the midnight bell, on 25 March 2022 and reached provisional political agreement on the Digital Markets Act (DMA) that aims to strengthen the European Union's powers to regulate digital markets and make th... 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 Nationa...