24 Nov
Chapter News

European Semester Autumn Package: rebounding stronger from the crisis and making Europe greener and more digital

Today, the European Commission has launched the 2022 European Semester cycle of economic policy coordination. The European Semester Autumn Package includes the Annual Sustainable Growth Survey, Opinions on euro area Draft Budgetary Plans (DBPs) for 2022, policy recommendations for the euro area and the Commission's proposal for a Joint Employment Report. The package draws upon the Autumn 2021 Economic Forecast which noted that the European economy is moving from recovery to expansion but is now facing new headwinds. Annual Sustainable Growth Survey This year's...

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24 Nov
Member News

FTI Consulting | Are Cyber Actors Hiding in Your Pocket? Rooting Out Spyware on Mobile Devices

Built-in security features make it challenging for forensic investigators to confirm the presence of spyware in smartphones. A new technique speeds up the process. Spyware isn't always nefarious. When employed by law enforcement and legitimate intelligence agencies, it can be used to impede threats from cyber actors or terrorist organizations by turning a device into a covert surveillance tool to monitor activity. In the wrong hands, however, spyware can undermine data security for individuals, corporate leaders and government officials by hacking...

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24 Nov
Member News

IWTA | Three Key Tax Implications of the Biden Administration’s New Infrastructure Bill

Part One The long-awaited infrastructure proposal was approved by Congress late last week and has been signed into law by President Joe Biden. As part of the President’s mission to “build back better,” the proposal is a considerable investment in the country’s infrastructure. And while not as large as once envisioned — originally, it was $3.5 trillion — it is still a substantial amount at $1.2 trillion. Funding for the Infrastructure Bill will come from a few sources. Following are some of...

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23 Nov
Member News

Global Capital Finance | Current Renewable Energy Developments in the U.S. Market

COP26 has once again placed the United States front and center regarding the global focus to reduce emissions. As of today, the United States remains the second largest emitter of CO2 and the largest of the populous countries on a per capita basis. That being said, emissions in the United States have come down significantly, in total and even more so per capita, over the last few years and global warming has now become a major topic of public...

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23 Nov
Chapter News

Key Findings | Quarterly EU Economic Update: A Rocky Road to Recovery

On November 17, 2021, the European Union Delegation to the United States partnered with the European American Chamber of Commerce – New York (EACCNY) to convene a webinar to discuss how Europe’s Recovery and Resilience Facility – its largest investment package ever – will put Europe’s economic rebound on a solid footing by promoting green and digital transitions while supporting structural reforms that should boost long-term growth and productivity. The discussion explored the momentum behind the region’s economic recovery and provided analytical context to the...

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23 Nov
Chapter News

U.S. FED | Agencies issue joint statement on crypto-asset policy initiative and next steps

Federal bank regulatory agencies today issued a statement summarizing their interagency "policy sprints" focused on crypto-assets and providing a roadmap of future work related to crypto-assets. In particular, the statement describes the focus of the preliminary work conducted through the sprints undertaken by the agencies. It summarizes the agencies' plan to provide greater clarity throughout 2022 on whether certain crypto-related activities conducted by banking organizations are legally permissible, and related expectations for safety and soundness, consumer protection, and compliance with...

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23 Nov
Member News

EXEO Attorneys | Immigration U.S. & Canada, November 2021

This month’s newsletter provides an overview of recent changes in Canadian and American immigration including all measures directly related to the COVID-19 pandemic. Here are the most recent news since the beginning of the pandemic and travel restrictions as of November 23, 2021 Canadians exempt from PCR testing for travel of less than 72 hours as of November 30 Canadians travelling outside the country by air or land for less than 72 hours will be exempt from having to present a negative...

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23 Nov
Member News

GDLSK | Amendments to the Harmonized Tariff Schedule of The United States Take Effect January 1, 2022

Significant amendments to the Harmonized Tariff Schedules of the United States (HTSUS) will take effect on January 1, 2022.  These changes implement a major revision to the Harmonized System (HS) nomenclature adopted by the World Customs Organization (WCO) known as “HS 2022.”  A complete list of all the HS 2022 amendments published by the WCO is available here.  Proposed changes to the HTSUS are set forth in USITC Pub. 5171 available here.  The final version of the changes to the HTSUS...

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23 Nov
Member News

CLA | Deciding Between An Audit Or Review?

As companies  grow and move along their business life cycle, a question frequently arises as to whether the company should have an audit or review performed.  Let’s summarize the differences as well as the pro’s and con’s of both of these two types of assurance services provided by CLA and other CPA firms. Audit An audit provides the highest level of assurance, including an opinion being rendered on the financial statements.  Auditing standards require that the auditor gain an understanding of the...

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23 Nov
Member News

AlixPartners | Supply chain headaches are likely to linger longer than a holiday hangover

This holiday season is keeping retailers on their toes. On one hand, the return of somewhat normal operations and expectations that consumers are lighting up the registers are causes for celebration. On the other, getting product on shelves and in customers’ hands has been a slog due to supply chain problems and overburdened postal and delivery services. While you may be forgiven for wanting to quietly nurse your holiday hangover, this is the time to take stock, assess which of the many issues...

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