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Is the G7’s agreement on international tax reform really “seismic”, or is it too soon to tell? Before the G7 Finance Ministers’ communiqué of 5 June announcing an agreement in principle (which was endorsed by the G7 leaders according to their communiqué of 13 June), the biggest news in international tax had been a renewed engagement of the US with...
Public CbCR to be implemented in the EU Public country-by-country reporting is set to be implemented across the EU (including for non-EU headquartered groups) by early 2023 to take effect, at the latest, for the first financial year starting on or after early 2024. On Monday, 14 June 2021, the...
European Commission finds preliminary concerns in respect of Internet of Things The European Commission has found preliminary competition concerns in its sector inquiry into the rapidly-expanding Internet of Things. The initial findings, which focus on voice assistants such as Amazon's Alexa, Apple's Siri and Google Assistant,...
Get set, update! European Commission publishes finalised SCCs for data transfers On Friday 4 June 2021, the European Commission published the final version of its long awaited standard contractual clauses for transferring personal data outside of the EEA (SCCs).  The new SCCs include some welcome developments, including better...
Ransomware: does your board know the right questions to ask? Ransomware attacks are constantly hitting the headlines, with FBI director Christopher Wray recently likening the current spate of attacks to the challenges raised by the 9/11 terrorist attacks. In response, the UK’s NCSC has produced a number of...
A wrestle with an octopus – the Online Safety Bill. A step too far onto the toes of free speech, or not far enough? The UK government has published its long awaited draft Online Safety Bill, two years after publication of the Online Harms White Paper. But can the bill deliver on the government’s ambitious manifesto commitment to make the UK the “safest place in the...
UK to capitalise on post Brexit independence in new data strategy Last week was a busy one in the world of data - the UK Government published its response to the National Data Strategy consultation, and laid the ICO’s Data Sharing Code of Practice before Parliament. In relation to the strategy response, the Government...
A Digital Picture is Worth a Thousand Ether: NFTs and Digital Art Recent months have seen an explosion in the popularity (and value) of non-fungible tokens (NFTs).  An NFT is a unique (non-fungible) record on a public blockchain ledger that is capable of being traded (a token) and which represents ownership of a digital...
NCSC says think twice about using DLT The UK’s National Cyber Security Centre (NCSC) recently published a short whitepaper on distributed ledger technology (DLT) to help decisions makers in organisations decide whether it is an appropriate technology for their use case. Key benefits of DLT...
We can work it out – competition and data regulators agree blueprint for cooperation in digital markets On 19 May 2021, the Competition and Markets Authority and the Information Commissioner's Office (the Authorities) published a joint statement setting out their shared views on the relationship between competition and data protection in the digital economy...