The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together below a selection of articles from IPTI Xtracts; more articles can be found on its website (www.ipti.org). UNITED STATES USA: Half-Empty Office Buildings Will Likely Lead to Higher Taxes for All Property Owners When cities can’t raise taxes from enough office buildings, they’ll go looking elsewhere. A topic...

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The U.S. International Development Finance Corporation (DFC) and the European Investment Bank (EIB) today signed a Memorandum of Understanding (MOU) to foster their cooperation in identifying and supporting new investments globally. EIB President Dr. Werner Hoyer and DFC CEO Scott Nathan signed the MOU at an event on the sidelines of the 2023 Spring Meetings of the World Bank Group and International Monetary Fund. The MOU between DFC and EIB builds on the U.S.-EU transatlantic partnership and the two organizations’...

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The proposed EU-U.S. Data Privacy Framework has come against some opposition recently, with MEPs producing a resolution against the drafted adequacy decision for personal data transfers. The EU-U.S. Privacy Framework aims to improve data movement across the Atlantic and address concerns following the ruling of the Schrems II case, also known as the Data Protection Commissioner v. Facebook Ireland and Maximillian Schrems case. In this case, the European Court of Justice ruled that US digital cloud providers must adhere...

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The share of European firms investing in climate action has reached 53% on average. This equates to increase of 10 percentage points compared to 2021. Central and Eastern Europe has seen a particularly sharp increase, as have investments by small and medium-sized enterprises. Energy-intensive manufacturers have a stronger appetite for climate investments than non-energy intensive firms. However, high uncertainty is weighing on companies’ investment decisions on climate action. The European Investment Bank (EIB) Climate Investment Report for...

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The U.S. Food and Drug Administration (FDA) is continuing its effort to provide industries with updated guidance for digital health technologies. On April 3, 2023, the FDA released draft guidance titled “Marketing Submission Recommendations for a Predetermined Change Control Plan for Artificial Intelligence/Machine Learning (AI/ML)-Enabled Device Software Functions,” requesting comments from stakeholders within 90 days of publication. This draft guidance follows a final guidance issued March 30, 2023, addressing the Section 3305 of the Consolidated Appropriations Act, 2023 amendment...

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The 10th EU-US Energy Council took place in Brussels this week. The Energy Council is an annual summit where the EU and US coordinate their stances on issues related to energy policy such as cooperation on energy security, the shift to cleaner forms of energy and cooperation on meeting the Paris Agreement targets. This was the first Council since Russia’s invasion on Ukraine, and thus, of particular importance. Established in 2009, the EU-US Energy Council is the lead transatlantic coordination forum...

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