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BLOG: Digital Services Taxes: draft MLC provisions published by the OECD For the second year running, the OECD provided an update on the two-pillared international tax reform project just days before Christmas. On 20 December 2022, it released draft Multilateral Convention (MLC) provisions on digital services taxes and other r... Listed companies: what to expect in 2023 - Part 1 After a year shaped by geopolitical tensions, UK political turmoil, the fall-out from Covid-19 and economic volatility, we look at developments anticipated this year that will affect the rules and expectations around companies listed in the UK. In this fi... The Subsidy Control Act: What you need to know about the UK's new subsidy control regime The Subsidy Control Act 2022 will come into full effect on 4 January 2023. The UK Government has also published the final versions of the regulations defining the categories of subsidies that the Competition and Markets Authority (CMA) will review. The ... BLOG: Electricity Generator Levy Draft legislation for the Electricity Generator Levy (EGL) was published on 20 December 2022 for inclusion in the Spring Finance Bill. It was published alongside a new “supplementary technical note”, intended to help generators prepare for the EGL. The te... The Corporate Sustainability Due Diligence Directive - Changing the Game? The EU’s draft Corporate Sustainability Due Diligence Directive (CSDD), over the next three to six years, is set to impose significantly greater obligations on businesses, to assess and address their human rights and environmental impacts, and to ha... BLOG: Provisional agreement reached on the European Union's Carbon Border Adjustment Mechanism The Council of the European Union issued a press release on Tuesday, stating that negotiators representing the European Parliament and Council had agreed terms on which to implement a Carbon Border Adjustment Mechanism (CBAM). This agreement con... R&D tax relief - implications for life sciences sector In 2020, the life sciences sector had an annual turnover of £89 billion. As UK investment in the life sciences sector continues to grow, a natural consequence is that the research and development (R&D) tax regime will play a key role in incentiv... Employment Bulletin - December 2022 Topics covered in this bulletin: Changes to the right to request flexible working Payment under settlement agreement taxed as employment income Providing new role on redundancy without interview was not a reasonable adjustment Existing disc... HMRC v BlackRock Holdco 5 LLC: transfer pricing and unallowable purpose Mike Lane on the Upper Tribunal decision in HMRC v BlackRock Holdco 5 LLC on transfer pricing and the loan relationships unallowable purpose rule. First published in the British Tax Review. Case comment by Mike Lane on the Upper Tribunal decision  ... EFIG: European Banking Newsletter - December 2022 Development's in this month's edition include:  Climate-related and environmental risks- ECB publishes results of 2022 Thematic Review EBA Opinion - EBA clarifies the operationalisation of intermediate EU parent undertakings of third coun...