Publication
What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
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
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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