Key insights The ERC is now available to eligible employers for all four quarters in 2021. Recovery start-up businesses can qualify for up to $50,000 per quarter. For severely distressed employers, the 500-employee limitation does not apply. The ARP provides clarity on what credits may not overlap with the ERC. The American Rescue Plan (ARP), signed into law by President Biden on March 11, 2021, gave some clarity and additional relief to organizations seeking to claim the employee retention credit...

Read more

The global pandemic has dramatically affected people, governments and businesses during the past year. Is it the right time to sell? The global pandemic has dramatically affected people, governments and businesses during the past year. Many companies have had to navigate a very dynamic and volatile environment, which has included employee and customer health concerns, rapid changes in product and service demand, and supply chain disruptions, among other items. Businesses that were contemplating M&A processes have had to carefully reassess...

Read more

On 22 March 2021, the Council of the EU amended the directive on administrative cooperation (through the so-called “DAC7”) to expand reporting obligations and exchange of information to cover sales through digital platforms. These rules would apply from 2023. In addition, DAC7 amends the actual exchange of information and cooperation between EU member states, focusing on joint actions and joint audits. These rules would apply from 2024. 1. New Reporting obligation for digital platforms Digital platform operators with nexus in the EU...

Read more

On Friday 5 March 2021, the Dutch Ministry of Finance (the "Ministry") organised a Tax Governance Code webinar. The webinar was held following the release of an essay bundle, Tax governance, social responsibility, and ethics. Time for a tax code? (the "essay bundle"), by the Ministry in December 2020. While the essay bundle is a local Dutch initiative, it can be seen as a continuation of the ongoing international tax reform which started with the OECD's BEPS Project in 2013. In this News...

Read more

This article is part of Portolano Cavallo’s “INFORM@Digital & IP” Newsletter. Click here to subscribe. | Protecting business know-how in the context of the employment relationship is also about preventing and managing data theft. As businesses increasingly rely on digital information storage, the risk of data exfiltration of financial records, customer information, and intellectual property/trade secrets is also increasing. Data theft often occurs when an employee leaves an organization to work for a competitor and transfers data from the company’s electronic archives to...

Read more