Chapter News

EU Commission | Business and consumer survey results for May 2022

Regular harmonised surveys are conducted by the European Commission's Directorate General for Economic and Financial Affairs (DG ECFIN) for different sectors of the economies in the European Union (EU) and in the applicant countries. May 2022: Economic Sentiment slightly down in the EU, broadly stable in the euro area; Employment Expectations mildly up in both regions In May 2022, the Economic Sentiment Indicator (ESI) decreased slightly in the EU (-0.5 points to 104.1), while it stayed broadly unchanged in the euro...

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Chapter News

At the European Council, President von der Leyen reiterates support for Ukraine, welcomes leaders’ agreement on further sanctions against Russia

On the first day of the special European Council taking place on 30-31 May, EU leaders agreed on the sixth package of sanctions against Russia, that includes a ban on crude oil and petroleum products, with a temporary exception for crude oil delivered by pipeline. President of the Commission Ursula von der Leyen welcomed the agreement, calling it an important step forward. She also recalled other restrictive measures that this package of sanctions includes, such as de-SWIFTing Sberbank, by far...

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Chapter News

EU leaders agree on new sanctions against Russia

On the first day of the summit, the European Council adopted conclusions on Ukraine. The leaders were joined by Ukrainian President Volodymyr Zelenskyy via video conference for a discussion at the beginning of the summit. European Council conclusions on Ukraine, 30 May 2022 Remarks by President Charles Michel following the first day of the special meeting of the European Council, 30 May 2022 On the second day of the summit, EU leaders will discuss energy, defence and food security. Invitation...

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Member News

CEA Legal launches its NFT Rewards Program

I am very happy to announce that Cea Legal is launching today an innovative NFT rewards program for its clients. Each client - whether a business or an individual - that spends in a one-time transaction at least $2,500, $5,000, $7,500 or $10,000 in legal fees will receive a Cea Legal NFT, minted on Cea Legal's website and hosted on the Ethereum blockchain. Each NFT will give a predetermined future special benefit in connection with Cea Legal services, as well...

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Member News

BBGFX | June 2022 FX Outlook

Economic Calendar June 1: Bank of Canada June 1: Mexican Gubernatorial Elections June 2-3: UK Platinum Jubilee (Markets Closed) June 3: Dragon Boat Festival – China (Markets Closed) June 3: US Employment Data June 6: Pentecost (Various European Markets Closed) June 7: Reserve Bank of Australia June 7: US Primaries – IA, CA, NJ June 8: Central Bank of Poland June 9: European Central Bank June 10: US CPI June 12/19: French Legislative Elections June 13: Queen’s Birthday- Australia (Markets Closed) June 15: Federal Reserve June 15: Central Bank of Brazil June 15: China Medium...

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Chapter News

Ukraine: The EU Commission proposes rules on freezing and confiscating assets of oligarchs violating restrictive measures and of criminals

On 25 May 2022, the European Commission is proposing to add the violation of EU restrictive measures to the list of EU crimes. The Commission is also proposing new reinforced rules on asset recovery and confiscation, which will also contribute to the implementation of EU restrictive measures. While the Russian aggression on Ukraine is ongoing, it is paramount that EU restrictive measures are fully implemented and the violation of those measures must not be allowed to pay off. Today's...

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Member News

Vulcan Insight | EU proposes to outlaw sanctions evasion

On Wednesday, the European Commission the European Commission proposed adding the evasion of EU sanctions measures to the list of crimes recognised in the European Union. The Commission also proposed new reinforced rules on the recovery and confiscation of frozen assets, which will also contribute to the overall implementation of EU’s restrictive measures framework. The Commission’s proposals come in the context of the ‘Freeze and Seize’ Task Force, set up by the European Commission in March to accelerate and enforce its measures...

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Member News

IWTA | Global Tax Implications of the Engel list & Tax Transparency in Latin America

Global Tax Implications of the Engel List Part one of a two-part series on the Engel List Governments across Central America have mounted a serious effort to battle corruption, promote financial transparency and increase tax transparency, and the Biden administration has announced that it will join the fight. That fight comes via a recent U.S. call to action to promote economic opportunity in the region. A key part of the U.S. call to action in Central America is publicly sanctioning corrupt actors...

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Chapter News

OECD | Labour taxation rebounding as global economy recovers from COVID-19 pandemic

Effective tax rates on labour rebounded in 2021 as the global economy recovered and many countries began withdrawing or scaling back measures implemented in response to the COVID-19 pandemic, according to a new OECD report. Taxing Wages 2022 shows that rising household incomes in 2021 coupled with the reversal of many tax and benefit policies linked to the pandemic drove increases in effective taxes on wages across the OECD. This marks a turn-around from 2020, when the pandemic drove significant...

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Member News

Mason Hayes & Curran | What is the Future for the ELTIF?

The European long-term investment fund regulation (the ELTIF Regulation) was introduced in 2015. The aim of the ELTIF framework was to increase European long-term investments in the real economy. This includes infrastructure projects, real estate and listed and unlisted SMEs, which may require long-term capital investment. ELTIFs also have the potential to address financing required for environmental sustainability. The ELTIF provides an opportunity for investors looking for private equity investments with a lower risk profile than pure private equity...

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