Pearse Trust Blog



Cybersecurity In The EU – An Overview Of The NIS Directive

Posted by Pearse Trust on Wednesday, Feb 03, 2016

A high level of network and information security across the EU is essential to ensure consumer confidence and to keep the online economy running. This, in turn, preserves the proper functioning of the internal market and encourages economic growth.

Unfortunately, information and computing systems (which enable essential services, businesses and the internet to function), are increasingly affected by adverse security incidents.  These incidents can arise as a result of technical failures, unintentional mistakes, natural disasters or indeed deliberate and malicious attacks.  These incidents can disrupt the supply of essential services. 

In 2013, the European Commission published a strategy outlining its plans to ensure a common level of network and information security across the European Union.  This strategy aims to reduce cybercrime and to improve network resilience.  As part of this strategy, the European Commission recommended the introduction of a Network and Information Services (NIS) Directive. 

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Tags: Legal, EU, Website

New EU Data Protection Regulation – An Overview

Posted by Pearse Trust on Wednesday, Dec 02, 2015

In January 2012, the European Commission proposed a comprehensive reform of data protection rules in the EU. The objective of this new set of rules is to return control of personal data to citizens, and to simplify the regulatory environment for businesses.

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Tags: Legal, EU

Fourth EU Money Laundering Directive – An Overview

Posted by Pearse Trust on Wednesday, Nov 25, 2015

The Fourth EU Money Laundering Directive ("AMLD4") came into force on 26 June 2015.  It replaces the Third EU Money Laundering Directive and its purpose is to strengthen and improve existing anti-money laundering and counter-terrorist financing laws. It will also ensure consistency in the application of such laws across all EU Member States.   

The deadline for transposition of AMLD4 into national law is 26 June 2017.  

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Tags: Legal, EU, Anti-Money Laundering

EU Resurrects Common Consolidated Corporate Tax Base (CCCTB)

Posted by Pearse Trust on Wednesday, Oct 21, 2015

In June 2015, the European Commission unveiled an Action Plan on corporate tax, which is intended to strengthen the European Single Market, reduce administrative barriers for businesses, and tackle tax base erosion and profit shifting. The central pillar of this plan is the proposed Common Consolidated Corporate Tax Base (CCCTB).

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Tags: Tax, EU

EU Takes Forward Plans For Beneficial Ownership Registries

Posted by Pearse Trust on Wednesday, Sep 02, 2015


On 29 April 2015, the Council of the European Union, which represents the governments of the 28 EU member states, endorsed a package of proposals aimed at preventing money laundering and terrorist financing. The package requires that EU governments establish and maintain central registries containing information about the beneficial owners of companies registered in their jurisdictions.

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Tags: Legal, EU, Beneficial Ownership

VAT & VIES Filing Requirements In Ireland

Posted by Pearse Trust on Wednesday, Aug 12, 2015


Ireland’s decision to join the EU in 1973 marked the introduction of Value Added Tax (VAT). VAT was implemented among all member states as the turnover tax within the “common market”, and as a means of policing VAT, the ‘VAT Information Exchange System’ (VIES) was introduced in 1993.

VIES operates as a system of administrative support to member states and ensures both the registration of companies for VAT as well as the correct rate of VAT being charged on all transactions.

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Tags: Ireland, Tax, EU, VAT

Update On 4th EU Money Laundering Directive

Posted by Pearse Trust on Wednesday, Nov 12, 2014

 

In our previous blog, on the EU 4th Money Laundering Directive it was noted that the European Commission had adopted proposals in the fight against money laundering, tax evasion and terrorist financing.

One of these proposals was a Directive on the prevention and use of the financial system for the purpose of money laundering and terrorist financing – the 4th AML Directive.

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Tags: Legal, EU, Anti-Money Laundering, Beneficial Ownership

The OECD Implements New Country-By-Country Reporting

Posted by Pearse Trust on Wednesday, Oct 01, 2014

 

The Organisation for Economic Co-Operation and Development (the “OECD”) has introduced new country-by-country reporting recommendations which provide for multinationals to disclose a breakdown of all countries in which their profits are made, where their taxes are paid and whether they are shifted elsewhere.

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Tags: Legal, United Kingdom, Tax, EU

Briefing On The New EU Succession Regulation

Posted by Pearse Trust on Wednesday, Sep 03, 2014

The procedures and methods of administering estates can differ significantly across jurisdictions. A person’s estate may often include investments or property abroad. When it comes to the stage of administering the estate, cross border issues may arise in determining which succession law applies to that property. In this case private international law (“PIL”) rules apply.

These are also commonly known as “conflict of law” rules. These rules and procedures are often complex and ambiguous, and other jurisdictions may not always recognise or accept them. The EU Regulation on Succession Law (No 650/2012), also known as “Brussels IV” seeks to remedy many issues surrounding the application of EU member states applying their own PIL/conflict of law rules for succession purposes. 

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Tags: Legal, EU

Disclosure Requirements For Company Websites

Posted by Pearse Trust on Monday, Jun 23, 2014

In a world where technology and the internet are essential to most businesses it is important to be aware of the disclosure requirements for company websites.  

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Tags: Legal, EU, Website