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Nuno de Oliveira Garcia on tax levied on the financial sector, created to accommodate the Covid-19 pandemic in public accounts | Advocatus
23 of June, 2023
Nuno de Oliveira Garcia, coordinating partner of the tax area of the Lisbon office, answers a few questions for an article in Advocatus: “Additional tax on banking is unconstitutional. And now, quid iuris?”.
He argues that “In crisis situations, first in the 2008-2013 recession and more recently in the COVID Pandemic, there is always the temptation to create contributions or additional(…)”
Read the full article.
He argues that “In crisis situations, first in the 2008-2013 recession and more recently in the COVID Pandemic, there is always the temptation to create contributions or additional(…)”
Read the full article.
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Gómez-Acebo & Pombo
2 days ago 
PUBLICATION
Legal professional privilege as a limit to the duty to cooperate with tax authorities
The Court of Justice confirms, in the context of Directive 2011/16/EU, that legal professional privilege covers client representation and advice and that any restrictions placed on said privilege must respect the rights enshrined in Article 7 of the Charter of Fundamental Rights.
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PUBLICATION
Mandatory recognition of multiple-vote shares for companies listed on a multilateral trading facility
Directive (EU) 2024/2810 of the European Parliament and of the Council of 23 October 2024 on multiple-vote share structures in companies that seek admission to trading of their shares on a multilateral trading facility will have to be transposed into Spanish law before 5 December 2026
2 days ago
PUBLICATION
Universal service in telecommunications: guidance for determining when it represents an unfair burden and the adoption of a cost-sharing system is appropriate
The Court of Justice of the European Union has ruled once again on the financing of the universal telecommunications service: there are no r. to be excluded from the cost-sharing system; the decision based on market competition lies with national regulatory authorities.
3 days ago
PUBLICATION
Social Security Measures to Alleviate the DANA’s Effects
The impact of the DANA (Spanish acronym for a cut-off low pressure system) on economic and employment activity has made it necessary to adopt urgent measures to provide employers and workers with liquidity. Among others, benefits, exemptions, extensions and increases of some Social Security pensions.
6 days ago
PUBLICATION
Portugal Heading to Sustainable Mobility at Full Throttle: New Green Mobility Measures and National Roadmap to Decarbonising Aviation (‘RONDA’)
Publication of the Cabinet decisions approving RONDA and the package of green mobility measures for goods and passengers.
06 Nov, 2024
PUBLICATION
Fundamental freedoms, intra-group loans and the fight against tax avoidance: the Court of Justice clarifies the Lexel case doctrine
In the Judgment of 4 October 2024, X BV (C-585/22), the Court of Justice clarifies the position adopted in the Lexel case (C-484/19) and concludes that compliance with the arm's length principle does not protect intra-group transactions that do not reflect economic reality from being categorised as a wholly artificial arrangement.
05 Nov, 2024
PUBLICATION
Directive (EU) 2023/2413: the designation of ‘renewables acceleration areas’ in which projects are exempted from an environmental impact assessment
The new Renewable Energy Directive requires Member States to approve plans designating ‘ renewables acceleration areas’. The plans will be subject to strategic environmental assessment, but projects in these areas will be exempted from environmental impact assessment.
05 Nov, 2024
PUBLICATION
Listing Act amendments to the Prospectus Regulation
The reform of the Prospectus Regulation to facilitate access to funding through securities markets, especially by SMEs, is pending publication in the OJEU.
04 Nov, 2024
PUBLICATION
Intellectual property, text and data mining and artificial intelligence training
The problem consisting of the use of works and other protected subject matter for the purposes of mining and training of artificial intelligence is analysed in the light of the judgment of the Regional Court of Hamburg of 27 September 2024 (310 O 227/23).
30 Oct, 2024