10 Feb
Member News

Aimlon CPA | Selected tax deadlines for individual and business taxpayers

By Mathieu Aimlon, CPA | Expert-comptable diplômé, France (non inscrit) | The Internal Revenue Service (IRS) is charged with the administration of federal taxes. Each year, the federal agency collects about $3 trillion in taxes and generates nearly 96% of the funding that the Federal Government needs for its operations. During the fiscal year October 1, 2019 September 30, 2020, the IRS processed more than 240 million tax returns and forms, down from 253 million the previous fiscal year. Individual...

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10 Feb
Member News

Portolano Cavallo | European Clinical Trials Regulation is now applicable: Recent updates

This article is part of Portolano Cavallo’s “INFORM@Life Sciences” Newsletter. Click here to subscribe | On January 31, 2022, EU Regulation 536/2014 on clinical trials of medicinal products for human use (“Clinical Trials Regulation” or “CTR”) finally went into effect more than seven years after its approval, but Italy is not yet ready for its application. This process has taken a long time (much longer than expected) due to the need to develop a complex IT architecture, i.e., a European portal for the...

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09 Feb
Member News

CEA Legal | The Rise of Decentralized Autonomous Organizations

The corporate world as we have known for the past several years is about to be shaken by the Web3, which is the latest Internet development empowering its users to transact through decentralized blockchain platforms without the need to rely on Web2 giants (such as Facebook, Youtube, and the likes). Specifically, there is an evident lack of coordination and meaningful communication between companies and several of their contributors (influencers and gig participants, or anyway its contractors). These issues are tackled...

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09 Feb
Chapter News

European Chips Act – Questions and Answers

Why a European Chips Act? Semiconductor chips are the essential building blocks of digital and digitised products. From smartphones and cars, through critical applications and infrastructures for healthcare, energy, communications and industrial automation, chips are central to the modern digital economy. The COVID-19 pandemic has exposed a weakness in the eco-system within both Europe and other regions in the world experiencing significant shortages of chips. EU industries manufacture many types of high-tech products, of which chips are essential parts. Europe must...

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09 Feb
Chapter News

Digital sovereignty: EU Commission proposes Chips Act to confront semiconductor shortages and strengthen Europe’s technological leadership

Today, the Commission proposes a comprehensive set of measures to ensure the EU's security of supply, resilience and technological leadership in semiconductor technologies and applications. The European Chips Act will bolster Europe's competitiveness, resilience and help achieve both the digital and green transition. Recent global semiconductors shortages forced factory closures in a wide range of sectors from cars to healthcare devices. In the car sector, for example, production in some Member States decreased by one third in 2021. This made...

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09 Feb
Member News

RSM | January 2022 – Your Global Summary of IFRS News and Developments

LATEST MATTERS FROM THE INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB) The following is a summarised update of key matters arising from the discussions and decisions taken by the IASB at its remote meetings on the following dates: 15-19 November 2021 25-28 December 2021 The full update, as published by the IASB, can be found here. POST-IMPLIMENTATION REVIEW “PIR” The IASB decided that in the second half of 2022 it will: Begin the PIRs of IFRS 15 and the impairment requirements in IFRS 9; and Consider when...

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08 Feb
Member News

Bennett Jones | Canada and NATO Allies Develop Plans for Sweeping New Sanctions if Russia Invades Ukraine

With the recent escalation of military tensions between Russia and Ukraine, the governments of NATO states (including Canada, the United States, UK and the EU) have made statements in recent weeks confirming their intentions to impose sweeping new economic sanctions against Russia in the event that Russia proceeds with a military invasion of Ukraine. The nature of the potential new sanctions has not been publicly confirmed, but could include some combination of: expanded restrictions on dealings with Russian banks,...

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08 Feb
Member News

WRRGA | Debt crisis redux

Previously published in Reuters Breakingviews | By William R. Rhodes & Stuart Mackintosh | The U.S. Federal Reserve is belatedly reacting to high inflation. Whether or not Chair Jerome Powell manages to tame worrying price pressures, his rhetoric and actions are pushing up interest rates in poorer countries at a speed not seen in more than a decade. That spells real trouble for emerging markets and lower-income countries, which are already groaning under the weight of large sovereign debts. The 1980s...

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08 Feb
Chapter News

ECB | Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

Introductory statement by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament (by videoconference) | Frankfurt am Main, 7 February 2022 | On this day in 1992, the leaders of twelve European countries decided to transform the European Community into the European Union by signing the Maastricht Treaty. Thirty years on, Europe continues to benefit from many of the accomplishments of that Treaty. The Treaty established European citizenship, including...

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08 Feb
Chapter News

EU-U.S. Energy Council Takes Place February 7

High Representative/Vice President Josep Borrell and Commissioner for Energy, Kadri Simson, will travel to Washington, D.C., on 7-8 February. Both will co-chair the EU-U.S. Energy Council on the EU side and Secretary of State, Antony Blinken, and Secretary of Energy, Jennifer Granholm, on the U.S. side on 7 February. The meeting will take forward EU-US cooperation on energy security and on the joint commitment to accelerate a just and clean energy transition to climate neutrality for citizens of the EU,...

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