18 Jan
Brexit News, Member News

Steptoe | Brexit One Year On

Introduction It is just over five and a half years since the Brexit referendum delivered a surprise 52/48 verdict in favour of the UK departing the European Union. It has been a period of intense political upheaval in the UK resulting in the departure of two successive Prime Ministers and two general elections, all against the backdrop of fraught negotiations to agree with the EU a Withdrawal Agreement (WA), setting out the terms of the departure, and a new Trade and...

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18 Jan
Chapter News

ECB Speech | Monetary Policy requires trust

Interview with Süddeutsche Zeitung | Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Markus Zydra, Bastian Brinkmann and Meike Schreiber on 10 January 2022 | Ms Schnabel, inflation in the euro area now stands at 5% – a record high. When are you finally going to intervene? We view these figures with some concern, as they are higher than we initially expected. And we fully understand many people’s worries about the drop in real wages...

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18 Jan
Chapter News

ECB Speech | Conference of Parliamentary Committees for Union Affairs (COSAC)

Introductory statement by Christine Lagarde, President of the ECB, at the meeting of the Conference of Parliamentary Committees for Union Affairs of the Parliaments of the European Union (COSAC) | Paris, 14 January 2022 | Before I begin my remarks, I would like to take a moment to honour the memory of President David Sassoli. Like all who knew him, I was deeply saddened by his loss, and I would like to remember him with the words he said in...

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18 Jan
Member News

IPTI | Update on U.S. & EU Property Tax Issues: January 2022

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 New York: NYC Advisory Commission on Property Tax Reform Releases Final Report Report recommends the most significant changes to New York City’s property tax system in 40 years The...

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18 Jan
Member News

Jaguar Freight | Will It Be More of the Same in 2022?

In this week’s Roar, we’ve got the latest on predictions for more ocean volatility, supply chains in the news for the wrong reason (again), the importance of empty containers, the year in review for U.K. shipping, and the state of air cargo. But first, we’re fearing our hopes of an improved supply chain in 2022 may have been dashed. While there’s one ray of light—thanks to shippers sourcing increased capacity, containers are moving in and out of China much faster—but,...

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14 Jan
Chapter News

IMF | Crypto Prices Move More in Sync With Stocks, Posing New Risks

There’s a growing interconnectedness between virtual assets and financial markets. Crypto assets such as Bitcoin have matured from an obscure asset class with few users to an integral part of the digital asset revolution, raising financial stability concerns. 'Crypto assets are no longer on the fringe of the financial system.' The market value of these novel assets rose to nearly $3 trillion in November from $620 billion in 2017, on soaring popularity among retail and institutional investors alike, despite high volatility. This...

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14 Jan
Member News

CLA | ERC for Recovery Startup Businesses

Your startup may be eligible for a $100,000 tax credit that can be used to offset your payroll taxes. The Employee Retention Tax Credit (ERTC) program is ever-changing since creation of the credit under the Coronavirus Aid, Relief and Economic Security (CARES) Act in April 2020.  It has been extended and expanded, changing the ERTC program’s end date several times under the American Rescue Plan Act and the Consolidated Appropriations Act, 2021. With the signing of the Infrastructure Investment and Jobs...

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14 Jan
Member News

Vulcan Insight | IMF fear crypto poses threat to financial stability

The International Monetary Fund (IMF) raised concerns in a blog post on Tuesday of this week about the increased usage of cryptocurrencies beyond just a fringe group and the subsequent implications for financial stability. The IMF is particularly concerned about the connection between crypto assets and the financial markets, stating that virtual currencies pose a threat to financial stability, given their “volatile price movements, astronomic valuations, and coupling with mainstream investment markets”. It appears that at the start of the...

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14 Jan
Member News

Rand Insurance Insights January 2022

Being Prepared for a Winter Driving Emergency Are You Prepared for a Winter Driving Emergency? You may have plans to drive to Vermont for a ski weekend. The temperatures are way below freezing and there is snow in the forecast. You are all packed and ready to go. But are you ready if you get in a driving accident or your car breaks down on the way? Don’t forget to make your own winter car survival kit so you don't get stranded...

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13 Jan
Chapter News

IMF | Global Shipping Costs Are Moderating, But Pressures Remain

Shipping costs soared over the past year as consumers unleashed pent-up savings to buy new merchandise while the pandemic continued to snarl the world’s supply chains. Container rates have more than quadrupled since the start of the pandemic, with some of the biggest gains concentrated in the first three quarters of last year. Lockdowns, labor shortages, and strains on logistics networks led to shipping-cost increases and significantly lengthened delivery times , though those pressures are easing. Our Chart of...

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