20 Sep
Member News

Troutman Pepper | Movement on All Sides Toward Broader Data Privacy and Security Oversight by FTC

Earlier this month, we reported on two Senate privacy bills reintroduced from last year’s legislative session. These reintroductions are part of a broader wave of federal privacy bills, none of which are making meaningful progress toward becoming law. While the prospect of a comprehensive federal privacy law in the near term remains unlikely, a recent appropriation proposal and the nomination of longtime privacy advocate Alvaro Bedoya indicate that Democrats are attempting to empower the Federal Trade Commission (FTC) by providing the...

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20 Sep
Chapter News

Joint EU-US Press Release on the Global Methane Pledge

The European Union and the United States announced today the Global Methane Pledge, an initiative to reduce global methane emissions to be launched at the UN Climate Change Conference (COP 26) in November in Glasgow. President Biden and European Commission President Ursula von der Leyen urged countries at the US-led Major Economies Forum on Energy and Climate (MEF) to join the Pledge and welcomed those that have already signaled their support. Methane is a potent greenhouse gas and, according to the latest...

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20 Sep
Chapter News

ECB | TLTRO III and bank lending conditions

1 Introduction Targeted longer-term refinancing operations (TLTROs) play a key role in preserving favourable bank financing conditions for households and firms, thereby contributing to inflation reaching the ECB’s target of 2% in the medium term. The operations are part of a broad set of complementary policy instruments, which include asset purchases, negative interest rates and forward guidance. Since their inception in 2014, TLTROs have supported the transmission of monetary policy by incentivising lending through their targeting feature and by providing a reduction...

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20 Sep
Member News

IPTI | Update on U.S. & EU Property Tax Issues: September 2021

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 Does Your Property Tax Assessment Reflect COVID-19’s Long-Term Challenges? Countless companies have seen their top and bottom lines decimated by COVID-19-related shutdowns, travel restrictions and changing consumer preferences...

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20 Sep
COVID-19 News, Member News

Cozen O’Connor | What Federal Contractors Need to Know About the Biden Administration’s Vaccine Mandate

On September 9, 2021, President Biden announced an executive order (EO) that expands upon the administration’s goals of requiring both federal employees and contractors and subcontractors working in connection with federal contracts to receive a vaccine against COVID-19. The new requirements are much more aggressive than the administration’s safety protocols previously issued on July 29, which only required verification of vaccination status or testing for government employees and onsite contractors. The new EO eliminates the testing option and expands...

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17 Sep
Member News, Tax, Whitepapers

EACCNY “Digitalization” Series | The taxation of digital services – are we nearly there yet?

With the help of our members, this thought-leadership series explores the acceleration of "digitalization" due to COVID-19 on both sides of the Atlantic, and across various industries. Today, we present Phil Greenfield, from PRICEWATERHOUSECOOPERS, and based in the United Kingdom. He will address: “The taxation of digital services - are we nearly there yet?”. Introduction Digital services have created problems for traditional corporate income tax systems because they don’t rely on the characteristics those regimes have been built on. For example,...

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17 Sep
Chapter News

World Bank & IMF | Statement on Release of Investigation into Data Irregularities in Doing Business 2018 and 2020

Report to the Board of Executive Directors WASHINGTON, September 16, 2021—The World Bank Group today released the following statement on behalf of the Bank’s Board of Executive Directors: “The World Bank’s Board of Executive Directors today authorized the release of “Investigation of Data Irregularities in Doing Business 2018 and Doing Business 2020 – Investigation Findings and Report to the Board of Executive Directors,” an independent external review of the facts and circumstances around previously reported data irregularities in the 2018 and 2020 Doing...

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17 Sep
Chapter News

IMF | Financial Stability Priority: Boosting the Resilience of Investment Funds

By Kristalina Georgieva, IMF Managing Director | Launch event for “Investment Funds and Financial Stability” paper | Good morning. I am very pleased that we are joined today by some of the world’s leading voices on financial stability and investment funds. I am also very proud of our latest contribution to this policy discussion from the IMF’s Monetary and Capital Markets Department. To illustrate the importance of our new report, we need to go back to the height of the crisis in...

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17 Sep
Member News

CILcare | Headsets and Earbuds: A Danger For Younger Generations?

Access CILcare's full quarterly newsletter here The number of smartphones has grown continuously over the past 14 years alongside music streaming services, in parallel with the use of personal listening systems : spending extended periods of time listening to music at excessive volumes on a daily basis has become standard among youngsters. The Centers for Disease Control and Prevention (CDC) estimates that 17% of adults aged 20-69 have permanently damaged their hearing as a result of excessive noise exposure. Permanent damage...

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17 Sep
Member News

Vulcan Insight | President von der Leyen presents 2021 State of the Union

On Wednesday morning, European Commission President Ursula von der Leyen presented her political objectives for the coming year in a speech to the European Parliament in Strasbourg. In her address, she touched on a broad range of political topics, focussing mostly on the climate, the economy and “Global Europe,” particularly military and defence capabilities.  On the occasion of only the second European Parliament plenary in its Strasbourg home since the beginning of the COVID-19 pandemic, President von der Leyen applauded...

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