The US Government continues to implement measures intended to restrict the provision or use of Chinese-origin goods and technology.Ā Notably, on July 14, 2020, three government agencies issued an interim rule (the āInterim Ruleā) that implemented changes to the Federal Acquisition Regulations (āFARsā) pursuant to Section 889 of the National…
The main objective of OECD base erosion and profit shifting (BEPS) Action Item 13 (Transfer Pricing Documentation and Country-by-Country Reporting (CbC Reports)) is to standardize the information provided to tax authorities in order to increase transparency and combat transfer pricing and base erosion risks. One key tool contained in Action 13 to meet this objective is the framework for government-to-government mechanisms to exchange CbC Reports. The framework provides that CbC Reports are automatically exchanged where the relevant jurisdictions execute bilateral competent authority arrangements(CAAs).
New Canadian trust reporting and disclosure rules will come into effect in 2021. In brief, the new rules will impose a filing obligation on certain trusts which currently do not have a filing requirement. They apply to non-resident trusts that currently have to file a T3 return and certain trusts that are resident in Canada. Such trusts will be required to report the identity of all trustees, beneficiaries and settlors of the trust, as well as anyone with the ability to exert control or override trustee decisions over the appointment of income or capital of the trust (e.g., a protector).
The search for a vaccine to prevent COVID-19 has been underway at record-pace around the world. In order to accommodate the urgent demand for a COVID-19 vaccine, the Food and Drug Administration (FDA) has been given clearance by the Secretary of Health and Human Services to issue Emergency Use Authorizations…
The Incoming US Administration and the Future of Supply Chains in the Americas Following an historic presidential election…
Please join us for a new weekly video series, hosted by Baker McKenzie’sĀ North America Government Enforcement partners Tom Firestone and Jerome Tomas.
This weekly briefing is available on demand and will cover hot topics and current enforcement actions related to white collar crime and criminal investigations in the US and abroad to arm you with the information you need to start your business week.
As one of the largest global law firms, we will call upon our exceptionally deep and broad bench of white collar experts throughout the world and particularly in the commercial hubs of Europe, Asia, Africa and Latin America to join our weekly discussion series.
CLICK TO READĀ The need for businesses to be agile, innovative and data savvy to compete and thrive emerges loud and clear, but so, too, do concerns around privacy, security and integration with legacy IT systems. In its sixth year, Baker McKenzieāsĀ 2020 Digital Transformation & Cloud Survey: The Future of…
Buyers in a merger and acquisition transaction oftentimes intend to rely on their target company’s management to remain…
Shelter-in-place or stay-at-home orders have been prevalent throughout the United States since March 2020 as state and local…
Welcome to Baker McKenzie’s new Labor and Employment video chat series for US employers. Our lawyers will provide quick, practical tips on today’s most pressing issues for US employers navigating the new normal. The videos complement our blog,Ā The Employer Report, which provides written legal updates and practical insights about the…