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EU scraps digital tax plan: all eyes now on the OECD On 12 March 2019, EU governments dropped plans to introduce an EU-wide digital tax. Despite months of talks, the Member States failed to agree on the proposed 3% levy on digital businesses. Ireland and the Nordic countries strongly opposed the idea. At...
Reset on merger assessment and control over data - keys for unlocking digital competition You won't be alone if you haven't managed to keep up with the panoply of recent reports, recommendations, and proposals for reform surrounding the regulation of digital markets in the UK.  In the competition law context, there was the Chairman of the...
Blockchain, meet GDPR: thought leadership from Slaughter and May and Cravath A team of our data privacy experts have collaborated with leading Wall Street firm Cravath, Swaine & Moore to produce a highly topical guide to the compatibility of blockchain solutions with the GDPR. The report was commissioned by the Center for Global...
International tax system and digitalisation: time to think long-term Last week, the French finance minister introduced a bill for a 3% levy on the turnover of digital services companies with revenues of more than €750m globally and €25m in France. But France isn’t the only one. Italy and the UK have previously announced...
Taking the pulse: what we can learn from the latest FTSE 350 Cyber Health Check The Government’s latest annual cyber health check gives a mixed report of how the UK’s leading companies are prioritising and managing cyber risk.  Cyber does now seem to be a board level issue for most - nearly all of the companies that responded to the...
Talking legal tech in Hong Kong I have just returned from a trip to Hong Kong, working closely with our lawyers and clients to explore ways in which we can continue to deploy legal technology to augment due diligence, regulatory/compliance, equity capital markets and other transactional...
Is the law ready for visual communication? ¯\(ツ)/¯ A picture speaks a thousand words, that much is well-known.  What might be slightly harder to discern is exactly which words are being spoken. The use of visuals as a supplement to written communication is nothing new.  While perhaps not something we come...
Women, collaboration and innovation At Slaughter and May we are celebrating International Women’s Day 2019 via an exhibition that celebrates the centenary of the Sex Disqualification (Removal) Act 1919, and features artwork created by the First 100 Years Project, including one of a limited...
France's tech tax provokes outrage The French finance minister has brought forward legislation to introduce (retrospectively from 1 January) a 3% digital services tax to be levied on digital businesses operating in France.  It will apparently affect around 30 companies, many of which are...
Cyber: the risk of ignorance A report published by the government this week revealed the fact that only 16% of boards of FTSE 350 firms claim to fully understand the impact of loss or disruption associated with cyber threats, despite 96% having a cyber security strategy in place....