Avocado Roundup is a quick morning review of top tax, legal, and climate news stories. It’s written by humans.
- Russian President Vladimir Putin suspended tax treaties with “unfriendly” countries that imposed sanctions on Russia after its invasion of Ukraine. The countries include the United States, Canada, and the UK, among others. (TP News)
- Italy’s 40% tax on banks’ profits, announced Monday, follows similar moves by EU governments in Spain, Hungary, the Czech Republic, and Lithuania. (Financial Times)
- France’s 2017 budget law gave the French tax authority the ability to pay for information that helps it uncover and sanction violations of the country’s tax laws. That ability looks likely to continue and expand, according to a report. (Actu Finance)
- “Massive” availability of generative artificial intelligence tools such as OpenAI’s ChatGPT and Google Bard has become a major concern for senior enterprise risk executives, according to a survey report from Garner Inc. (Gartner)
- Professional services firm Alvarez & Marsal hired Grant Thornton transfer pricing partner Imran Khan as managing director in its Manchester, UK office. Khan’s 20 years experience include time at Deloitte, KPMG, and Pricewaterhouse Coopers. AlvarezandMarsal.com)
- Boston-based consulting company The Brattle Group said principal and financial economics expert Torben Voetmann has been elected as its next president, taking over from Toronto-based principal and interim president David Hutchings, who’s going back to full-time consulting, focusing mainly on tax controversy and transfer pricing matters. (PR Newswire)
