The new edition of the EU Tax Alert is available. With this publication we would like to keep you informed of the latest developments on EU tax law. Highlights in this edition: Brexit: State Aid, Direct Taxation, VAT & Customs: The EU-UK Trade and Cooperation Agreement EU public country-by-country reporting (CBCR) proposal developments EU list of ‘non-cooperative jurisdictions’ updated Committee on Economic and Monetary Affairs (European Parliament) calls for Commission’s immediate action on digital economy: European Digital Services Tax and...

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API is an abbreviation for Application Programming Interface and tells how software elements will interact. APIs emerged in the early days of computer science as libraries for operating systems, allowing code sharing and modification. And although it was used to send messages between mainframes occasionally, its function was essentially to transmit data between local environments. The use of these interfaces as we know them today, based on open protocols, is recent and took shape almost three decades later. The fact is...

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Last week, President Biden’s comprehensive immigration reform proposal, the U.S. Citizenship Act of 2021, was introduced in the House and Senate. As officials in the administration initially reported, the provisions for the proposed legislation indeed include a pathway to citizenship for noncitizens physically present in the United States as of January 1, 2021 (including DACA holders), along with more protections for employment-based immigration. The Act has been regarded a moderate plan meant to attract bipartisan support and would modernize many facets of the...

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This article is part of Portolano Cavallo’s “INFORM@Corporate” Newsletter. Click here to subscribe. | At the end of 2020, important regulatory measures regarding Italian foreign investment control regulations (known as the Golden Powers) were enacted: (i) a revised list and definition of critical and strategic assets in sectors relevant for the purposes of these regulations entered into force with effect from January 14, 2021, and (ii) the COVID-19 emergency rules providing for a temporary broadening of the scope of notification duties (which,...

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