December Edition 2019

30 Buy Now, Pay Later – New Compliance Rules Coming into Force - Squire Patton Boggs Itwas recentlyreportedthatMarks&Spencer istooffera ‘buynow,pay later’option on its website for online customers. The company is modernising its services with the introduction of this payment scheme.Marks & Spencer joins the likes of ASOS and H&M in offering buy now, pay later (“BNPL“) service s. Read more. New Make UK/Squire Patton Boggs Research Shows 64% of Manufacturers Say Brexit Delay and Uncertainty Has Slashed Profits in Last Two Years - Squire Patton Boggs Almost half have already seen a negative change in EU customer/supplier appetite for doing business with them. New research published today by Make UK, the manufacturers’ organization, and Squire Patton Boggs, the global law firm, shows that 64% of manufacturers have taken a financial hit during the last two years as they struggle to prepare for an unknown trading environment post-Brexi t. Read more. Pillar Two: The OECD Releases Consultation Document on New Global Minimum Tax Rules - Herzog Fox & Neeman Following the release last month of the OECD’s Public Consultation Document for a Unified Approach under Pillar One, aiming to adopt a harmonized approach to taxation of digital activities, which focused on new nexus and allocation, the OECD has recently issued another Public ConsultationDocument titledGlobal Anti-BaseErosionProposal (“GloBE”) - Pillar Two, which touches on technical issues relating to the structure of a proposed global minimum tax and seeking public input on the same. While the GLoBE proposal addresses challenges relating to taxation of digital economy, it is intended to apply on a broader basis to other activities as we ll. Read more. Capital Market, Insurance and Savings Authority Publishes Revised Guidelines for the Licensing of Regulated Financial Services - Tadmor Levy & Co. On 28 November 2019 the Capital Market, Insurance and Savings Authority IsraelDesks News from Israel Provided by IsraelDesks Israeli Law Firm Members 02