Europe: EU / UK regulatory roundup
A round up of recent regulatory developments in the EU and UK.
Tax controversy survey: Procedures and issues for selected countries
Tax controversy lawyers with Norton Rose Fulbright around the globe have prepared a fifth annual survey of certain tax controversy procedures and issues referenced below for Australia, Canada, France, Germany, Luxembourg, the Netherlands, South Africa, the United Kingdom and the United States.
While each tax controversy will involve unique circumstances, this survey serves as a reference tool for tax executives at multinational companies. It will be an evolving tool, and we plan to add additional countries in future surveys.
This edition covers the following procedures and issues:
- Examinations
- Collection of information
- Dispute resolution – administrative
- Transfer pricing
- Civil and criminal penalties
- Judicial challenges
- Privilege protection for information
- Statutes of limitations
- Interest
- Reconciliation of laws/application of doctrines
Recent publications
Global: Schrems II landmark ruling: A detailed analysis
On July 16, 2020, the Court of Justice of the European Union (CJEU) published its decision in the landmark case Data Protection Commissioner v Facebook Ireland Ltd, Maximilian Schrems and intervening parties, Case C-311/18 (known as the Schrems II case).
Europe: Luxembourg regulator CSSF issues an FAQ regarding Circular 02/77
On July 7, 2020, the Commission de Surveillance du Secteur Financier (CSSF) issued an FAQ document on Circular 02/77 concerning the protection of investors in case of NAV calculation errors and the correction of the consequences resulting from non-compliance with the investment rules applicable to undertakings for collective investment (the FAQ).
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