The US Department of Justice (DoJ) is considering the elimination of corporate monitorships, which oversee compliance after criminal cases, as part of a shift in corporate enforcement policies. This review follows high-profile cases like Raytheon’s $950 million settlement and Glencore’s early termination of its monitorship, reflecting a broader trend of loosening oversight under the Trump administration. Advocates warn that removing monitors could lead to a lack of accountability for companies with histories of serious misconduct, undermining compliance efforts.
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Italy to slash VAT on art to compete with EU rivals
Italy's right-wing government is set to reduce the value-added tax on art from 22% to 5%, responding to urgent calls from over 500 artists and galleries who warned of a potential collapse in the domestic art market. This tax cut, anticipated to be approved in a Cabinet meeting and requiring parliamentary ratification within 60 days, aims to enhance competitiveness against lower-tax countries like France and Germany. Need More Context? 🔎
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