South Africa: Clarity at last – the application of section 46 of the Income...

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The South African Revenue Service released Binding General Ruling 54 on 22 June 2020, clarifying important aspects of the application of section 46 of the Income Tax Act regarding unbundling transactions and the distribution of unlisted shares. Denny Da Silva, Senior Tax Advisor in Johannesburg, outlines the details.

United States: This Week in Government Enforcement

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Please join us for a new weekly video series, hosted by Baker McKenzie's North America Government Enforcement partners Tom Firestone and Jerome Tomas.This weekly briefing is available on demand and will cover hot topics and current enforcement actions related to white collar crime and criminal investigations in the US and abroad to arm you with the information you need to start your business week.As one of the largest global law firms, we will call upon our exceptionally deep and broad bench of white collar experts throughout the world and particularly in the commercial hubs of Europe, Asia, Africa and Latin America to join our weekly discussion series.These briefings will cover:High-profile DOJ case updates and implications SEC enforcement developments CFTC enforcement developments Other white collar defense industry developments

Singapore: Public consultation on proposed licensing scheme for collective management organisations

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On 3 June 2020, the Ministry of Law ("MinLaw") and Intellectual Property Office of Singapore ("IPOS") launched a public consultation on "Proposed Licence Conditions and Code of Conduct for Collective Management Organisations" (the "Consultation Paper"). The proposed amendments follow from the responses received during the Copyright Collective Rights Management Ecosystem Public Consultation 2017, and forms part of the ongoing review of Singapore's copyright regime. It seeks to implement a regulatory framework for Collective Management Organisations ("CMOs"), which are currently unregulated.

Europe: Recovery & Renewal – EMEA Tax Issues: Digital Tax

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Baker McKenzie's EMEA Tax Practice Group presented an overview on "Digital Tax", the third in a series of short webinars to keep tax professionals abreast of recent developments in these less than certain times on 23 June 2020.

United States: Corporate Compliance Monitorship and Data Privacy Considerations

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In October 2018, the Benczkowski memorandum was published reconsidering the U.S. Department of Justice's approach to the use of corporate monitors to ensure that monitorships will not impose unnecessary burdens on businesses. Yet since...

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