In this issue, A&M analyzes the changing structure of sourcing strategies in the new era of electric vehicles (EVs) for original equipment manufacturers (OEMs) as the selected topic for the October Industry Focus.

What affects has the pandemic had on financial institutions and how they deal with sensitive information? Our experts discuss the problematic issue of employees using unauthorised communication tools, how regulators are now taking action and the importance of good data governance.

Welcome to our October edition of the A&M Taxand Scotland Asset Managers Briefing Note

India aims to be at the forefront of EV adoption in the forthcoming years. The government aims to electrify 70% of commercial cars, 30% of private cars, 40% of buses, and 80% of two-wheelers and three-wheelers sales by 2030.

The European Commission is assessing support for an EU-Directive to simplify the rules for corporate income taxation within the EU.

Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Managing Director Aamer Hassan, to its Global Transaction Advisory Group (TAG). Mr. Hassan, based in San Francisco and formerly with KPMG Deal Advisory, brings more than 16 years of public accounting experience, primarily advising software and technology industry clients on transaction-related concerns and value creation strategies.

A&M expands its footprint to the British Virgin Islands with the appointment of new Senior Director Wesley Edwards to lead the BVI office. "By having boots on the ground, A&M will be able to support our client's diverse range of needs as they face a looming recession and worsening global corporate distress in the coming months" Read the press release in full.

A&M's Kersten Muller speaks to React News, weighing in on the proposed changes to consider a sovereign persons’ income and gains from UK property and UK trading to fall within the scope of UK tax.

Following the change in Chancellor in recent days to Jeremy Hunt, a number of the previously announced tax changes from the Mini-Budget have now been, to a large extent, reversed.

A&M continues the expansion of its Financial Services Industry Practice with the appointment of Adrian Walker, formerly of Lloyds Banking Group.

The European Commission is assessing support for EU-legislation to regulate tax intermediaries and at the same time tackle the abusive use of non-EU shell entities.

Managing Director Alfonso A-Pallete speaks about his background and expertise in cross-border mergers and acquisitions, private equity investing, international tax planning and supply chain restructuring with Law.com International. 

How pharmaceutical companies can take learnings from high-growth technology businesses to continuously optimise their footprint and pay down footprint design debt

The exact impact of ATAD3 on private equity, real estate and infrastructure funds remains unclear due to the many moving parts within the EU’s ATAD3-proposal.

Over the past decade, the key objective of IT departments has been to reduce the costs of their operations. Managed as cost centers and under the direction of CFOs, often they were not integrated into the corporate strategy and business growth targets. Newly appointed CIOs’ complaints have largely been the same: their IT department is too slow, too inefficient, too expensive.