Publication
AI regulation in the UK: Will the next government introduce AI legislation?
The current government’s approach to AI regulation draws on non-binding, cross-sectoral principles.
Canada | Publication | September 2019
Now that we know when the Organisation for Economic Co-operation and Development’s (OECD) multilateral instrument (MLI) will apply, taxpayers should be planning for its potentially significant impacts.
The MLI comes into force, and then becomes effective, a predetermined period after Canada deposits its domestic legislation (i.e., Canada’s instrument of ratification) with the OECD. Canada deposited its legislation with the OECD in August 2019 and as a result, the MLI will enter into force in Canada on December 1, 2019, and will modify treaties for countries with which Canada has matched (and which have also passed their own domestic implementing legislation and notified the OECD on or before August 31, 2019), effective January 1, 2020, for withholding taxes, and for taxation years starting on or after June 1, 2020, for all other taxes.
Taxpayers that rely on a Canadian bilateral tax treaty have a limited window to address the potential consequences of the MLI before it applies. Specifically, taxpayers should consider:
Implementation of the MLI could have significant impacts on parties that currently rely on the provisions of a bilateral tax treaty between Canada and one of its treaty partners. It is important for taxpayers to consider the MLI and its potential impact to their particular circumstances before its application on January 1, 2020.
Publication
The current government’s approach to AI regulation draws on non-binding, cross-sectoral principles.
Publication
What appears to be a simple question is not as straightforward as one would think. One might take the view that it is just a matter of common sense whether something is a ship or not, yet it is difficult to define exhaustively what exactly a ship is, or the extent to which something forms part of a “ship”.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023