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BLOG: Because it's all about the base, about the base... Two years' ago I wrote a post entitled "Has the Chancellor really just announced a UK corporation tax rise of over 30%?" the gist of which was that by putting the headline rate of corporation tax up from 19% to 25% without narrowing the tax base the Chanc... BLOG: The UK’s Spring Budget 2023: Tax competitiveness revived? Five days before the UK’s Chancellor Jeremy Hunt unveiled the Spring Budget, the Centre for Policy Studies issued a report on the UK’s declining tax competitiveness, noting that the combination of the rise in the headline corporation tax rate ... EFIG: European Banking Newsletter - March 2023 Development's in this month's edition include:  SEPA Instant Credit Transfers - ECB publishes Opinion  SREP - ECB publishes results of its 2022 Supervisory Review and Evaluation Process Supervisory disclosures - EBA consults on the ... Earn-outs in M&A transactions: working hard for capital treatment? Earn-outs are common in M&A transactions and can be an attractive mechanism for many reasons, including for their potential for incentivising senior management. However, where an earn-out does form part of an acquisition and individual shareholders ar... Pensions Bulletin - March 2023 Value for Money framework; extending opportunities for CDC schemes; regulation of pension schemes’ use of LDI; DC transfers guidance; ESG, stewardship and climate risk reporting In this month’s Pensions Bulletin, we cover: The Department f... Updates to the LMA’s Green, Social and Sustainability-Linked Loan Principles – what’s changed? On 23 February 2023, the LMA published updated versions of its Green, Social and Sustainability-Linked Loan Principles and related guidance material. In two briefings, we consider the latest round of updates and the extent to which they might prompt chang... The Dispute Resolution Review - 15th edition The Fifteenth Edition of the Dispute Resolution Review provides an indispensable overview of the civil court systems in major jurisdictions worldwide. It examines the key aspects of each jurisdiction's dispute resolution rules and practice, and develo... Competition & Regulatory Newsletter: CMA issues guidance on collusion between employers The Competition and Markets Authority recently issued a statement providing guidance to employers on how to avoid anti-competitive collusion in relation to employment matters. With ‘no poach’ agreements and other labour market practices coming... FCA publishes Discussion Paper DP23/2: Updating and improving the UK regime for asset management This briefing provides a summary of some of the areas of reform covered in the FCA's recently published discussion paper DP 23/2 (February 2023) on upgrading and improving the UK asset management regime. Some initial thoughts on the themes emerging fr... Tax and the City Review for February 2023 Mike Lane and Zoe Andrews discuss the UK’s implementation of the global minimum tax, HMRC’s guidance on partial exemption special methods for insurers, and the HBOS and Lloyds case on VAT overpayment interest. It is full steam ahead for imple...