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Tax news highlights: January 2022
In this podcast, Zoe Andrews and Tanja Velling are joined by Nele Dhondt to discuss the latest developments in tax State aid cases, focusing in particular on the decision of the Court of Justice in the Spanish financial goodwill case and the AG opinion in Fiat.
M&A Perspectives: Key trends in Europe
In our third and final podcast in our Autumn series of M&A Perspective, David Watkins, Alex Dustan and Kerry O’Connell explore trends behind the headline M&A statistics in Europe and look at how companies are navigating increased regulation in order to get deals done.
M&A Perspective: Key trends in the US
In the second podcast of our M&A Perspective Autumn series. David Watkins, a corporate partner at Slaughter and May join Laura Turano and Krishna Veeraraghavan at Paul Weiss to discuss the record deal activity in the US, the drivers behind the growth, and also share their views on recent changes at the DOJ and FTC and the subsequent impact on competition law.
M&A Perspective 2021: Key trends in Asia
In the Autumn series of M&A Perspective, we take an in depth look at some of the key trends influencing M&A across three regions. In the first of the series, David Watkins, Natalie Yeung and Chris McGaffin examine differences and similarities in deal activity across Asia. They discuss geopolitical pressure, pivotal shifts in Chinese policy and then take a broader view of deal activity and dynamics in South East Asia.
Tax News Highlights: December 2021
In this podcast, Zoe Andrews and Tanja Velling cover three highlights from the UK’s Tax Administration and Maintenance Day – proposed reforms of the taxation of securitisation and insurance-linked securities, the Government’s response to the OTS review of CGT, indicating that an alignment of CGT and income tax rates is not currently on the cards, but the Government is considering whether to allow a corporate bond to include an irrevocable provision to specify that it is subject to CGT, and the action points from the review of large businesses’ experience of UK tax administration, including the development of new “Guidelines for Compliance”.
They further discuss the delayed publication of the consultation on a UK-wide online sales tax in the context of international tax reform as well as key takeaways from HMRC’s latest Report and Accounts and the Tax Receipts statistics for 2020 to 2021. The podcast also covers the Upper Tribunal’s decision in Assem Allam which casts doubt on HMRC’s guidance suggesting that, in the context of the definition of “trading company” in the TCGA, “substantial” could be taken to mean “more than 20%” and the First-tier-Tribunal’s decision in the Hargreaves Property Holdings on interest withholding tax.
Tax news highlights: November 2021
In this podcast, Zoe Andrews and Tanja Velling provide an update on the OECD/G20 Inclusive Framework’s two-pillar solution to address the tax challenges arising from the digitalisation of the economy, highlighting potential stumbling blocks on the road to implementation and the joint statement from Austria, France, Italy, Spain, the UK and the US on the transition away from digital services taxes published on 21 October 2021. They discuss the Health and Social Care Levy Act 2021 and a selection of measures included in Finance Bill 2022, including the decrease in the banking surcharge, revised draft legislation for the large business notification of uncertain tax treatment and changes to the diverted profits tax regime. The podcast also notes the designation of the first freeport tax sites, mentions planned changes to tax reliefs for R&D and the proposed introduction of a corporate re-domiciliation regime, and it discusses the First-tier Tribunal decision in Europcar concerning the taxpayer’s application to instruct a joint expert in a cross-border group relief case which was opposed by HMRC.