European Commission imposes landmark DMA fines on Apple and Meta On Wednesday (23 April), the European Commission sent a strong message to Big Tech companies by announcing significant fines for Apple and Meta due to their non-compliance with the EU’s Digital Markets Act. The European Commission fined Apple €500 million and Meta €200 million, asserting that both giants have stifled competition and limited consumer choice through their operational practices. This decisive action marks the first instance of non-compliance fines issued under the...

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CFOs and CISOs should collaborate to mitigate cyber risks, strengthen internal controls and confirm accurate financial reporting. Regular evaluations of cyber risks, including identity management, endpoint security and third-party risks help maintain financial data integrity. Prioritizing financial systems in response plans supports resilience, accurate disclosures and faster recovery from cyber threats. Ongoing communication between finance and security teams makes sure cybersecurity measures evolve with business changes and regulatory demands. As cyber threats become more sophisticated and pervasive, collaboration between...

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The Netherlands Personal Income Tax: Information request for assessment actual yield on savings Savings and investments (Box 3) in income tax returns are currently taxed based on a notional yield - a fixed yield, that is expected based on the type of savings or assets. Changes have been made to the structure of Box 3, which was required due to supreme court rulings. The house of representatives wishes to have a tax system whereby the actual yield is being taxed, aiming...

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IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in...

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In certain scenarios, there will be an overlap between the EU Artificial Intelligence Act (“AI Act”) and the EU General Data Protection Regulation (“GDPR”) when personal data is processed through regulated AI systems. To illustrate such overlaps in these scenarios, the table below gives an overview of the key requirements under the AI Act applicable to Providers* and Deployers*1 relating to high-risk AI systems* and links each of those requirements to a correlating requirement under GDPR. This overview shall support...

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