Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans.
- Vietnam’s parliament is expected to approve on Wednesday a minimum top-up tax under OECD’s Pillar Two plan to ensure multinationals pay at least 15% tax on their global income. The rate would take effect in January. (Reuters)
- Vietnam had earlier this year looked likely to delay implementation of the 15% global minimum tax, amid criticism that it could be costly to big companies operating in the country. (Legalavocado.com)
- Many organizations appear unready for Pillar Two, with about 54% reporting that they are still only in the early stages of monitoring and assessment, according to a report. (Wolters Kluwer)
- Korea’s National Assembly is considering proposed legislation that would provide tax incentives to companies that host e-sports events in the country. (Korea Times)
Laterals, Moves
- Big Law firm Latham & Watkins hired finance partners Fergus Wheeler and Paul Yin for their private credit practice in London. They arrive after spending only about 9 months at Akin and were earlier at White & Case. (LW.com)
- After adding partners in Paris, Kirkland & Ellis is reportedly planning to hire several associates in the city. (The Lawyer)
