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BLOG: It's not TP bein' green As Kermit (and others, more recently) famously sung, "It's not easy bein' green; it seems you blend in with so many other ordinary things." So it is with ESG factors: there is undeniably a growing focus on businesses' sustainability ... Tax and the City Review for April 2022 The Supreme Court agrees with the taxpayers in NCL that they are entitled to a deduction as a trading expense in respect of their accounting debits recognised on the grant of share options to their respective employees by an employee benefit trust. The Co... Resilience and Competition Policy On 31 March 2022 the CMA published a paper co-authored by its CEO on the role competition policy may play in building more resilient markets. This briefing takes a look at this paper and considers potential impacts for merger control. The CMA’s CEO... The British Energy Security Strategy: A Second Wind On 7 April 2022 the UK government published the long-awaited ‘British Energy Security Strategy’ (the “Strategy”). The Strategy is a relatively short document, set against the backdrop of record high energy prices, driven by increas... BLOG: Third party access to documents in the courts and tribunals Taxpayers bringing appeals against HMRC in the First-tier Tribunal (Tax Chamber) (the FTT) are rightly concerned to mitigate the risk that documents relating to their appeals which contain confidential or commercially sensitive information are not ac... Third party access to documents in the first-tier tribunal (tax chamber): Inherent jurisdiction and inherent risk Taxpayers bringing appeals against HMRC in the First-tier Tribunal (Tax Chamber) are rightly concerned to mitigate the risk that documents relating to their appeals which contain confidential or commercially sensitive information are not accessed by third... Competition & Regulatory Newsletter: Big changes for Big Tech regulation: EU institutions reach agreement on the DMA On 25 March 2022 the EU institutions reached provisional political agreement on the text of the Digital Markets Act. The DMA marks a shift towards ex ante regulation of Big Tech. It will ban certain conduct per se based on the assumed market power of desi... Chambers Global Practice Guides 2022: Corporate Tax: Introduction Steve Edge’s introduction as contributing editor focusses on the OECD/G20 Inclusive Framework’s Two-Pillar Solution to address the tax challenges arising from the digitalisation of the economy. In the coming months, every country will have so... EFIG: European Banking Newsletter - April 2022 Developments in this month's edition include: CRD IV - ECB Decision on the exclusion of staff members from the presumption of having a material impact on risk profile published in OJ Climate-related and environmental risks disclosures - ECB publis... FX collective proceedings: analysing the CAT's certification and carriage judgment Competition Appeal Tribunal hands down its judgment in respect of competing applications for a collective proceedings order, based on the European Commission’s Forex settlement decisions.  1. Overview On 31 March 2022, the Competition Appea...