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Final ISSB Sustainability and Climate Standards are here: likely to set new global baseline, but interoperability remains key The International Sustainability Standards Board (ISSB) has this week issued its long-awaited sustainability and climate disclosure standards, marking what it hopes will be a ‘new era’ of greater consistency in sustainability-related disclosures in capita... Has the UK just reintroduced its 1.5% stamp duty charge on share issues? The short version: it seems that it has, with effect from 1 January 2024, as a result of the Retained EU Law (Revocation and Reform) Bill receiving Royal Assent on 29 June 2023. What is currently unclear is whether that is a deliberate policy choice or an... New guidance for employers on data subject access requests The Information Commissioner’s Office (ICO) has published new guidance for employers on subject access requests (SARs). The ICO’s accompanying press release reports that, in the last year, 15,848 complaints relating to SARs were reported to the ICO, an in... Spanish Supreme Court follows CJEU's case law: dividend distributions within the EU shall be tax exempt unless the tax authorities prove abuse In a recent ruling issued on 8 June 2023, the Spanish Supreme Court followed the Court of Justice of the European Union’s decisions in Eqiom and Enka (C-6/16), Deister Holding (C-504/16) and the Danish cases (C-116/16 and C-117/16) - as the Spanish Nation... In the global race to regulate AI, will the EU get there first? As pressure to regulate AI continues to mount around the world, the European Parliament has approved its negotiating position for the EU AI Act, bringing the landmark piece of AI specific legislation one step closer. The EU Commission published its initia... EDPB provides insights on GDPR fine calculations On 7 June 2023, the European Data Protection Board (EDPB) published the final version of its Guidelines on the calculation of administrative fines. These were finalised more swiftly than usually is the case, albeit still a year after the consultation vers... New Brazilian Transfer Pricing Framework: moving towards the OECD standard Law No. 14,596 aligns the Brazilian transfer pricing rules with the standards embodied by the OECD Transfer Pricing Guidelines and completely departs from the old Brazilian formulary approach (which made Brazil an outlier from a global tax perspective). L... Do you want chips with that? New semiconductor strategy targets investment, talent and supply chain issues On 19 May, the UK published its Semiconductor strategy which outlines a range of plans to shore up the future of semiconductors within the UK. This includes plans to safeguard supply chains and steps organisations can take to help with this. The importanc... Transfer pricing, permanent establishment and diverted profits tax reform The changes proposed by the UK government in its consultation on the reform of the transfer pricing, permanent establishment and diverted profits tax legislation are intended to ensure equal treatment between multinationals and other enterprises, simplify... Is cookie enforcement crumbling? No, the ICO warns Companies that fail to include a “reject all” button in their website cookie banners are “breaking the law” and risking regulatory enforcement, a senior figure from the ICO has cautioned.  In a recent interview with MLex, the ICO’s Deputy Commissioner, St...