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Germany establishes Economic Market Stabilization Fund to strengthen the economy in the COVID-19 crisis – tax implications of recapitalisation measures Like other European countries, Germany and its economy are severely hit by the spread of COVID-19 around the world. On March 23, 2020, the German government passed the German Economic Market Stabilization Fund Act (Wirtschaftsstabilisierungsfondsgesetz)...
The Impact of COVID-19 on UK Tax Residence ’Social distancing’ measures and ‘lockdowns’, introduced to reduce the spread of COVID-19, involve restrictions on travel – with a potential impact in respect of UK tax residence. For individuals, guidance on what constitutes...
Keeping ransomware at bay: UK NCSC updates its malware and ransomware guidance The UK's National Cyber Security Centre (NCSC) recently streamlined its guidance on how organisations can mitigate malware and ransomware attacks. Given Travelex's recent experience with ransomware and the new cyber risk created by the COVID-19 pandemic,...
UPC update - Germany's Constitutional Court says Germany's UPC ratification is void - is this the final nail in the UPC coffin? ... and an opportunity for the UK? In previous posts here and here we have looked at the so-called demise of the Unified Patent Court (UPC) and the Unitary Patent (UP) from the UK perspective, especially in the post-Brexit intellectual property landscape.   Now it is Germany's turn to take...
Manual records and personal data – a more helpful line drawn by the Court of Appeal Despite the increase in paperless offices, many businesses still struggle with ensuring their manual records comply with EU and UK data protection laws. One key question to ask at the outset is, of course, whether those manual records even amount to...
Fiscal responses to COVID-19 As countries ramp up social distancing measures to combat COVID-19, the economic costs of the virus spiral and the G7 leaders have called on their central banks and finance ministers to take action to support economic and financial stability. In addition...
RIP to the Australian innovation patent Three weeks ago, after threatening to do so for years, the Australian Parliament quietly passed a bill to phase out the Australian "second-tier" innovation patent. As a result, this tech-friendly tool used to protect incremental innovations, will no...
UK presses ahead with digital services tax At a time when the priority for the UK government (after dealing with COVID-19, obviously) should be securing a good trade deal with the US, it appears a risky negotiation tactic to introduce a digital services tax (DST) to which the US has made its...
UK presses ahead with digital services tax At a time when the priority for the UK government (after dealing with COVID-19, obviously) should be securing a good trade deal with the US, it appears a risky negotiation tactic to introduce a digital services tax (DST) to which the US has made its...
Withholding tax on cross-border payments The Parent Subsidiary Directive (PSD) and the Interest and Royalties Directive (IRD) provide an EU law route for relieving withholding tax on certain cross-border payments.  How might this change in the future – and what has changed already? Payments from...