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Introduction to IOTA – Enhancing Collaboration in Tax Administration

Intriguing Developments A novel player in the realm of European tax administration emerges: IOTA – the Intra-European Organization of Tax Administrations. This organization, though not yet widely recognized, holds relevance for Taiwanese businesses seeking insight into its operations. There is a reason why IOTA is not yet “widely recognized”: It is another more half-hearted try […]

VAT as the backbone of Europe´s Tax regime: Suspected ringleader arrested in EUR 85 million VAT fraud scheme within Project -GOLIATH-

Europol has supported an action across eight countries which targeted criminal groups under investigation for VAT fraud amounting to EUR 85 million. On 22 November 2023, 59 searches were carried out, resulting also in the arrest of one of the alleged ringleaders.  Seizures included: Code-named ‘Goliath’, the investigation was led by the European Public Prosecutor’s […]

Understanding the Challenge of VAT Fraud in the European Union for Asian companies

In the realm of financial crimes, the European Union (EU) faces a significant challenge in the form of Missing Trader Intra-Community (MTIC) fraud, also known as carousel fraud. This sophisticated criminal activity, usually perpetrated by organized groups, has severe repercussions for EU member states, resulting in substantial annual losses estimated to be around EUR 60 […]

The prosecution of environmental crime is on the rise in Europe – Why should Taiwanese corporate groups active in Europe be concerned?

The Council presidency and European Parliament negotiators just recently reached a provisional agreement on a proposed EU law that would improve the investigation and prosecution of environmental crime offences. The new directive aims to establish minimum rules on the definition of criminal offences and sanctions in order to better protect the environment, replacing the previous […]

The Risk-Utility Test is First Choice in Complex Medical Device Cases in Florida

 SUMMARY I. No consumer expectations test for medical devices cases in Florida Florida’s Fourth District Court of Appeal has recently strengthened medical device manufacturers through approving the use of the risk-utility test, Cavanaugh v. Stryker Corp., — So. 2d —, 2020 WL 5937405 (Fla. 4th DCA Oct. 7, 2020). The court had to deal with […]

„NO-DEAL”-Brexit: Last Minute Update – Part I

SUMMARY I. The transition period of Brexit is coming to an end As no party is willing to compromise, we now have to cope with a Brexit without any deal. Also, the English Parliament has decided against a Repeal Bill that would have led to all EU rights being incorporated into the national English judicial […]

„NO-DEAL”-BREXIT and Corporate Law – Part II

SUMMARY I. Brexit and corporate law What is the main reason for Brexit changing (European) corporate law? It is the difference between the so-called “corporate domicile theory” and the “formation theory” and their role within the EU. Due to the latter, no matter where a company will operate, it will be governed by the law […]

The new Chinese Export Control Law will affect many Businesses

SUMMARY I. Chinese Export Control Law has become effective The new unified Chinese Export Control Law will become effective on December 1st. It has a significantly expanded scope. “Controlled items” are defined to include dual-use items (with both civilian and military applications), nuclear materials and military products. Also, “controlled items” are “other goods, technologies, services, […]