20 Dec
Member News

Update on Property Tax Issues: IPTI report December 16

The EACC in partnership with the International Property Tax Institute (IPTI) wants to keep members up to date with the latest developments in property taxes both in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts. This report includes Greece, the United Kingdom, and the United States with a focus on New York. In addition, there are some brief notes about wealth tax in France and Spain along with property...

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20 Dec
Chapter News

ECB Finally Addressing Italian Bank Woes

Italy’s banking problem has been left unaddressed for too long. Similar to Japan in the 1990s, it is best understood as a combination of structural and cyclical factors. Most of Italy’s banks, many of which are small and local, have politicized governance features that blur commercial incentives. As a consequence, they were unable to rein in their lending during the downturn of the late 2000s. Many of these loans turned sour in subsequent years and local connections prevented the banks from...

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16 Dec
Member News

The Power of Virtual Reality in Philanthropy

Virtual Reality (“VR”) and Augmented Reality (“AR”) are relatively new forms of experiential content, and have the potential to appeal to a mass market. There is a tremendous opportunity for those who have the ability to create VR and AR content and entertainment to drive value through storytelling and creating immersive experiences. VR storytelling and experiences can create a tangible and visceral account of events, giving the viewer the experience of actually being in the shoes of others and seeing the...

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16 Dec
Member News

Industrial REITs on the Nice List; Continue Strong Performance

Industrial REITs on the Nice List; Continue Strong Performance Industrial REITs continue to please investors as they hit their second-highest YTD return for 2016 at 24.98%. While industry professionals have raised concerns that supply and demand issues may plague the next 12-24 months, the industrial sector has been noticeably active as it has posted high aggregate occupancy and low delinquency rates. Karina Estrella, an analyst at Trepp, reports that.. Compliments of Trepp - a member of the EACCNY

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16 Dec
Chapter News

Galileo goes live!

On 15 December 2016, Europe's satellite navigation system Galileo will start offering its initial services to public authorities, businesses and citizens. Commission Vice-President Maroš Šefčovič, responsible for the Energy Union, said: "Geo-localisation is at the heart of the ongoing digital revolution with new services that transform our daily lives. Galileo will increase geo-location precision ten-fold and enable the next generation of location-based technologies; such as autonomous cars, connected devices, or smart city services. Today I call on European entrepreneurs and...

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16 Dec
Chapter News

When It Comes to Trade, What Are the US President’s Powers?

There are several rumors of what we have to expect from US trade policy starting in January. US President-elect Donald Trump has mentioned that he wants to impose a 35% tariff on Chinese imports, re-negotiate or pull out of NAFTA, and withdraw from TPP. This week, we take a look at the powers of the US president when it comes to trade agreements and tariffs. What is possible, impossible?     Impose a tariff on imports: Yes, but only for 150 days...

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15 Dec
Member News

Luxembourg parliament adopts bills of law on tax reform and country-by-country reporting

Tax Reform On 14 December 2016, Luxembourg parliament adopted the bill of law on tax reform including the gradual corporate income tax reduction of 3 percentage points. Our tax newsletter of 29 July 2016 reports on the most relevant measures. All of these measures were adopted without modification vis-à-vis the original bill of law. The tax reform measures are generally applicable as of the tax year 2017, with some exceptions.  Country-by-Country reporting Further, on 13 December 2016, Luxembourg parliament has adopted the bill...

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15 Dec
Chapter News

Editorial Spotlight: When It Comes to Trade, What Are the US President’s Powers?

There are several rumors of what we have to expect from US trade policy starting in January US President-elect Donald Trump has mentioned that he wants to impose a 35% tariff on Chinese imports, re-negotiate or pull out of NAFTA, and withdraw from TPP. This week, we take a look at the powers of the US president when it comes to trade agreements and tariffs. What is possible, impossible? Impose a tariff on imports: Yes, but only for 150 days and only...

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15 Dec
Member News

GRANITO Educates in Milan

GRANITO is pleased to announce the fall inauguration in Milan of a new cycle of seminars dedicated to providing specialized education to lawyers, accountants and other professionals. The workshops have dealt with diverse subject matters including banking abuses, family law, corporate crisis management, lease agreements and trusts. New seminars will be available beginning in January. GRANITO welcomes professionals looking for new areas of education to grow globally with them in 2016. Compliments of Granito - a member of the EACCNY

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15 Dec
Chapter News

#InvestEU: EUR 438 million to support renewable energy in Belgium

The European Investment Bank (EIB) will support the construction of the Norther wind farm off the Belgian coast with a loan of EUR 438 million. Half of this amount will be guaranteed under the European Fund for Strategic Investments (EFSI), the heart of the Juncker Commission’s Investment Plan for Europe. Norther is the third wind project off the Belgian coast to be supported under the EFSI. Upon completion, its 44 wind turbines will deliver an estimated 352 MW*, enough to...

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