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In December 2019, the Treasury and the Internal Revenue Service (IRS) published final and proposed regulations implementing the base erosion and anti-abuse tax (BEAT) (“2019 Final Regulations” and “2019 Proposed Regulations,” respectively). On 8 October 2020, the Treasury and the IRS published final regulations (“2020 Final Regulations”) that address the following aspects of the BEAT: determining the taxpayer’s aggregate group; electing to waive deductions for BEAT purposes; applying the BEAT to partnerships; and applying the anti-abuse rule to basis step-up transactions. 

On November 25, 2020, the Office of the United States Trade Representative (USTR) published in the Federal Register a notice [Docket No. USTR–2020–0037] that USTR will convene a virtual public hearing and accept rebuttal comments in the Section 301 investigation concerning Vietnam’s acts, policies, and practices related to the valuation of its currency. To…

In November 2020, Canada introduced new federal privacy legislation that, if adopted, will create one of the strictest data protection regimes in the world, accompanied by some of the most severe financial penalties, rivalling the standards in Europe and California. Companies with a connection to Canada will need to build the new federal law, and applicable provincial laws, into their global compliance strategy.

On 11 November 2020, the UK Government introduced a new bill that would significantly expand its powers to review transactions on national security grounds, in line with global trends of increasing regulatory scrutiny of incoming foreign investments. Join us on Wednesday 2nd December 14:00 – 15:00 (GMT) where our panel of…