On 13 February 2019, the OECD outlined three policy options addressing tax challenges posed by the increasing digitalisation of the economy. The OECD also asked for feedback on two measures aimed at tackling remaining BEPS issues, which would effectively amount to a minimum taxation of cross-border profits. The OECD’s earlier policy note published on 29 January 2019 already hinted at this ‘two-pillar’ approach set out in the consultation paper (see our update here). Most policy measures presented in this paper...

By Debora Revoltella, Head of the EIB Economics Department An EU technology transformation is needed to boost the economy through innovative finance, better regulation and a stronger single market Over the last year, concerns re-emerged about the long-term economic outlook in Europe. Investment has been clearly recovering in Europe, thanks to improved access to finance and to monetary policy that has kept interest rates low, but our latest Investment Survey shows that many companies have concerns about the future regarding regulatory issues,...

By  Brahim Benichou,  Annemarie Bloemen - Patberg, Terrence Dom, Jacqueline van Essen,  Anne Sophie Morvan, Carmen Schellekens, Vincent Wellens  The European Data Protection Board ("EDPB", a cooperation between the EU's data protection authorities and the European Data Protection Supervisor) has published an information note on data transfers under the General Data Protection Regulation ("GDPR") in the event of a no-deal Brexit. The Dutch Data Protection Authority (Autoriteit Persoonsgegevens) has published a Dutch translation and summary on its website. For Luxembourg, this EDPB information may be read in conjunction...

By Richard J Keery & Michal Mrozek | HSBC Central and Eastern Europe (CEE) is today very much open for business. The transitioning economies of Poland, Czech Republic, Slovakia, Hungary and Romania in particular have attractive long-term growth prospects which make this region an ideal international base. CEE can also count on political stability, improving infrastructure and a highly-skilled workforce. Combined with its freemarket economic principles, and wide geographical spread, this is a prime location for international investment. HSBC has a distinct presence in...

By Barbara Timková and Jan Gerych of Wolf Theiss and Roger James of Ogletree Deakins The status of employment contracts concluded between board members and companies has been clarified by a decision by the Supreme Court of the Czech Republic after many years of twists and turns in case law and legal interpretation. The Court has held that board members and companies may, under certain conditions, agree that their relationship should be governed by rules of the Czech Labour Code,...