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Vietnam: Competition Law Fact Sheet
Overview of the main provisions of the Competition Law, and discussion of the enforcement regime and recent enforcement trends.
Global | Publication | December 2017
The UK has announced that it will introduce a new tax from April 2019 which will apply to payments of royalties and certain other payments, such as franchise fees, between members of international groups, where there is a link between the payments and the UK. The tax is to be imposed by way of a deemed withholding on the payer, even if the payer is based outside the UK.
This measure is part of the UK’s wider response to the challenges it sees with the taxation of the digital economy. However this new tax is not restricted to just the digital economy – and will apply to those businesses with high value intellectual property or intangible assets (for example, brands) held offshore.
The UK Government has indicated in their Position Paper on “corporate tax and the digital economy” that they are considering further measures to ensure that digital companies are taxed appropriately. Businesses should consider whether their existing arrangements are still appropriate in the light of possible future changes.
The UK propose to extend the circumstances in which a payment of royalties, or certain other payments are subject to withholding tax. The new charge will apply to royalty and other payments between group members. In particular:
The consultation confirms that the UK will not be amending the existing rules which impose withholding tax on royalties or diverted profits on royalties paid by a non-UK company in connection with an avoided permanent establishment in the UK. Instead, where a taxpayer finds itself subject to one or more of the new rules or the existing regimes, he will taxed under whichever set of rules results in the highest tax charge.
The UK Government is consulting on these proposals set out in this briefing until 23 February 2017. We would be delighted to discuss the practical impact of these proposals with you or to discuss the Government’s position paper on “corporate tax and the digital economy”.
Publication
Overview of the main provisions of the Competition Law, and discussion of the enforcement regime and recent enforcement trends.
Publication
Artificial intelligence (AI) raises many intellectual property (IP) issues.
Publication
The European Court of Human Rights (ECtHR or the Court) recently ruled in Verein KlimaSeniorinnen Schweiz & Ors v. Switzerland (Application No. 53600/20) that Switzerland had breached the European Convention of Human Rights (the Convention) by not taking sufficient action against climate change. In particular, it found a breach of the right to respect for private and family life contained in Article 8 of the Convention, based on Switzerland’s failure to mitigate the impact of climate change on the lives, health, well-being and quality of life of its citizens. It also ruled that Switzerland had breached the right to a fair trial in terms of Article 6, in that the domestic courts failed to examine the merits of the applicants’ complaints, including the scientific evidence. In this article we consider the key features of this landmark judgment, which has wide ramifications for Member States of the Convention.
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