Are you confident that you and your organization are heading towards lasting and positive change? The COVID-19 pandemic has rattled many organizations, but with the right approach, challenges can be turned into opportunities. A fresh look at strategic plans, people needs, and technology infrastructure can help ensure short- and long-term financial success. Prioritize planning to drive success After nearly 24 months of upheaval, it is understandable that many organizations haven’t had time to update their strategic plans.  Others might not have...

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This article is part of Portolano Cavallo’s “INFORM@Digital & IP” Newsletter. Click here to subscribe Italy has published Legislative Decrees No. 173/2021 and No. 170/2021 in the Official Journal (Gazzetta Ufficiale), which marks completion of the transposition of Directive (EU) 2019/770 on certain aspects concerning contracts for the supply of digital content and digital services and Directive (EU) 2019/771 on certain aspects concerning contracts for the sale of goods. These decrees amend the Consumer Code (Italian Legislative Decree No. 206/2005) by introducing new...

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On 22 December 2021 the European Commission (hereinafter: ‘EC’) presented two legislative proposals for EU directives, one to introduce a global minimum corporate tax rate and one to target EU shell entities. The key aspects of both proposals are discussed below. 1. Proposal for a Directive on a minimum effective tax rate of 15% The proposal for a directive on ensuring a global minimum level of taxation for multinationals and large-scale domestic groups in the EU introduces a minimum effective tax rate...

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On 22 December 2021, the EU Commission issued two major draft directives that are expected to have a significant impact on EU corporate taxpayers. On 22 December 2021, the EU Commission issued two major draft directives that are expected to have a significant impact on EU corporate taxpayers: a proposal for a Council Directive laying down rules to prevent the misuse of shell entities for tax purposes and amending Directive 2011/16/EU (the “Unshell Proposal”); and a proposal for a...

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On Dec. 16, Congress voted unanimously to pass the Uyghur Forced Labor Prevention Act, and President Biden is expected to sign the bill into law before the end of the year. The Act is the strongest legislation yet in response to forced labor in the supply chain of imported products and their components.  The Act creates a “rebuttable presumption” that goods produced or manufactured in Xinjiang, or by certain entities, are made with forced labor and are prohibited from...

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