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Global Health and Economic Policy Strategist Kate Beale Joins Crowell & Moring and C&M International | Firm News & Announcements


Global Health and Economic Policy Strategist Kate Beale Joins Crowell & Moring and C&M International
Washington, D.C. – May 13, 2020: Kate Beale is joining Crowell & Moring and Crowell & Moring International LLC (CMI), bringing more than two decades of U.S. and international experience leading global health, international trade, investment, and economic policy in Congress, the Obama-Biden administration, foreign markets, and in C-suites across Global Fortune 500 companies.
Beale will be senior policy director in the firm’s Government Affairs practice and a director with CMI, the firm’s global public policy affiliate. Prior to joining the firm, Beale was associate vice president for international advocacy at the Pharmaceutical Research and Manufacturers of America (PhRMA). At PhRMA, she led the association’s advocacy efforts in India, Australia, and Washington, D.C., working with ministries of Commerce, Finance, and Health as well as the U.S. State Department, Natio ....

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UK Tax Round Up - April 2021 | Proskauer Rose LLP


Euromoney Institutional Investor plc v HMRC, the FTT
 held that the share for share exchange treatment in section 135 TCGA 1992 applied despite the presence of a tax avoidance purpose.
Euromoney sold its shares in a subsidiary company to a third party buyer. The consideration was originally intended to be satisfied by ordinary shares and cash. However, upon the advice of the company’s tax director, the cash portion of the consideration was substituted for preference shares so as to allow the transaction to benefit from share for share exchange treatment under section 135 TCGA 1992 (and thus prevent an immediate tax charge). Following a 12 month ownership period, the preference shares could then be redeemed with the benefit of the substantial shareholding exemption (SSE) applying to the redemption given the holding of the ordinary shares so that the disposal of the preference shares would be exempt from corporation tax on chargeable gains. ....

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U.S. Asks Mexico to Investigate Labor Issues at G.M. Facility


U.S. Asks Mexico to Investigate Labor Issues at G.M. Facility
The administration learned of what appeared to be “serious violations” of labor rights, it said, and is using a new tool in the North American trade deal to seek a review.
The Mexican government said it had found “serious irregularities” in a vote on a collective-bargaining agreement at General Motors’ facility in Silao.Credit.Sergio Maldonado/Reuters
May 12, 2021, 5:00 a.m. ET
WASHINGTON The Biden administration announced on Wednesday that it was asking Mexico to review whether labor violations had occurred at a General Motors facility in the country, a significant step using a new labor enforcement tool in the revised North American trade deal. ....

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