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Getting it done: the UK's March 2020 Budget Whilst the Budget was dominated by the announcement of a multi-billion pound economic stimulus to deal with the economic impact of Covid-19, a whole range of other spending and tax measures (some with immediate effect and others subject to consultation) w... Spain proposes a financial transaction tax on listed equities As discussions on an EU financial transaction tax (FTT) have so far failed to yield results, Spain is looking to introduce an FTT along the same lines as France and Italy. If the relevant bill published by the Spanish Parliament on 28 February 2020 (Bill)... No Unified Patent Court or Unitary Patent system for UK - will the entire project now be abandoned? Tech-related patents have long been a key business asset in the US, and (despite issues around patenting computer programs) are becoming increasingly important in the EU and UK as more businesses enhance their digital capabilities. Businesses with patent ... Spanish digital services tax: another interim measure without a sunset clause The Spanish government has started the legislative process for approving a 3% digital services tax (DST): the Spanish Parliament published the DST bill on 28 February 2020. If it is approved, the DST could apply from the second quarter of 2020, with payme... New 10% income tax charge on pensions under Portuguese NHR regime The 2020 State Budget Law will change the Portuguese non-habitual residence tax regime so as to introduce a 10% personal income tax charge on pension income from non-Portuguese sources. The law is awaiting ratification by the Portuguese president after it... The Cayman Islands, Palau, Panama and the Seychelles listed by the European Council as non-cooperative jurisdictions On 18 February, the Council extended the list of non-cooperative jurisdictions for tax purposes to the Cayman Islands, Palau, Panama and the Seychelles. Taking into account the eight jurisdictions already listed (American Samoa, Fiji, Guam, Oman, Samoa, T... Is EIOPA trying to democratise cyber breach data? The European Insurance and Occupational Pensions Authority (EIOPA) has published a short note setting out its strategic priorities regarding the European cyber insurance market. EIOPA sees a functional cyber insurance market as being critical to the digit... European Commission Unveils Bold European Approach to AI Regulation The European Commission has published a White Paper  unveiling ambitious proposals for a European wide approach to both AI policy and regulation. A factsheet has also been published, which gives a high-level overview of some key points from the White Pape... Who’s protecting the machines? Will IP law offer incentives to AI developers in the battle to beat bacteria? This week, Massachusetts Institute of Technology (MIT) announced that a team of researchers have used artificial intelligence (specifically, machine learning) to produce new antibiotic compounds. Several of these compounds are effective against two of the... Spain implements VAT quick fixes Council Directive (EU) 2018/1910 was transposed into Spanish law on 4 February 2020. Together with Council Implementing Regulation (EU) 2018/1912, the Directive provides for VAT “quick fixes” in four areas. The Spanish implementation measures in respect o...