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Banking reform updater 11 - the single resolution mechanism examined

Introduction

In this Banking Reform updater we examine the single resolution mechanism (SRM), which together with the single supervisory mechanism (SSM) (Banking Reform updater 10) forms the key pillars of the EU Banking Union.

What is the SRM?

European Union, Banking, Insolvency & Restructuring, Norton Rose Fulbright, Banking union
State Administration of Taxation clarifies levying value-added tax on asset restructuring

《国家税务总局关于纳税人资产重组有关增值税问题的公告》(02/18/2011)

The State Administration of Taxation released the Announcement onIssues Concerning Value-Added Tax Relevant to Taxpayers’ Assets Restructuring (the “VAT Announcement”) on February 18, 2011. The effective date of the Announcement is March 1, 2011.

China, Insolvency & Restructuring, Tax, Greenberg Traurig LLP, Value added tax, Debt, State Administration of Taxation (China)