by Bruno Gasparotto   The question of the scope of the cost-sharing VAT exemption, also referred to in the Council Directive 2006/112/EC of 28 November 2006 as amended ("EU VAT Directive") as “Independent Groups of Persons” or “IGPs”, is currently being debated at the Court of Justice of the EU (“CJEU”) in several cases.    Last Thursday marked the first milestone regarding this specific VAT exemption since the CJEU released its judgment in the case Commission v Luxembourg (C-274/15).   In this judgment, the CJEU essentially...

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BY ILYSE SCHUMAN AND MICHAEL J. LOTITO ON On April 29, 2017, the first 100 days of the Trump administration came to an end.  A government shutdown was averted after the White House and Congress reached a spending deal, and the U.S. Supreme Court seat left vacant by the death of Justice Antonin Scalia over a year ago was finally filled upon the Senate confirmation of Neil Gorsuch.  However, for those expecting dramatic changes in workplace policy, much of the...

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NewYork-Presbyterian has established the William Rhodes and Louise Tilzer-Rhodes Center for Glioblastoma. Launched with an initial $5 million gift from William Rhodes, the new state-of-the-art program conducts groundbreaking research and provides cutting-edge treatments for glioblastoma and other deadly brain cancers. The Center is led by physicians from Columbia University Medical Center and Weill Cornell Medicine, who, along with NewYork-Presbyterian, are national leaders in neuro-oncology.  Mr. Rhodes, who has been a Life Trustee of NewYork-Presbyterian since 1992, is also issuing a challenge...

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Key Highlights: • Top subsector stock performers in Q1 of 2017 included For-Profit Educational and Vocational Institutions and Digital Educational Content & Services, up 12.9% and 9.4%, respectively • On average, the stock price indices for the subsectors outperformed the S&P 500 Index by 5.5% during Q1 2017, again led by strong performance in the ForProfit Education and Vocational Institutions subsector • On average, EBITDA multiples for the subsectors were down by 0.1x over the prior quarter and up 1.7x on a...

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