02 Apr
Chapter News

Eurogroup| To compare the EU and US pandemic packages misses the point

Opinion article by Eurogroup President, Paschal Donohoe | Comparison is inevitable at moments of great challenge. The wisdom of former US president Theodore Roosevelt that “comparison is the thief of joy”, comes to mind in contrasts between the size of stimulus packages and the strength of economic forecasts. Comparisons diminish the significant and historic efforts taken to boost our economies, and to develop and rollout vaccines at unprecedented speed. The 27 countries of the EU have stood together, ensuring that those...

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02 Apr
Chapter News

OECD | Tax transparency moves forward as no or only nominal tax jurisdictions first exchange information on the substance of entities

Twelve no or only nominal tax jurisdictions1 began their first tax information exchanges today under the Forum on Harmful Tax Practice’s (FHTP) global standard on substantial activities. The standard ensures that mobile business income can no longer be parked in a low tax jurisdiction without the core business functions being carried out from that jurisdiction and that the countries where the parent entities and beneficial owners are tax resident get access through regular exchanges of information. These new annual exchanges cover...

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02 Apr
Member News

Vulcan Insight | Driving the European Green Deal with renewable hydrogen energy

As the European Commission progresses on its pledge to reduce carbon emissions by 55 percent by 2030 as part of its European Green Deal, hydrogen is increasingly expected to become the future energy source of choice to drive the decarbonisation of Europe’s heavy industry and shipping in the years to come.  As the European Commission prepares to present its “Fit for 55” Agenda to revamp the EU’s energy and climate policy in June in view of achieving its goal of...

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02 Apr
New York Related News

Governor Cuomo Announces 2021 Economic & Infrastructure Development Grants Available for Northern Border Communities

$4.6 Million Available for Eligible Projects Within 28 New York State Counties Grant Applications are Available Here and Due by 5 PM on May 14, 2021 Governor Andrew M. Cuomo today announced $4.6 million in federal grant funding is available for economic and community development within New York's Northern Border Region. Competitive grant funding is available for qualified projects within New York's 28 federally-designated Northern Border Regional Commission Counties. "We are moving forward to build back better than ever before, and the Northern Border...

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02 Apr
Member News

Rand Insurance | What Does Business Interruption Insurance Cover?

Business interruption insurance offers businesses protection against financial loss when they are unable to operate. A typical business interruption policy will include property, liability, and business income coverage. This covers losses stemming from damage to your business property or its contents caused by a covered peril, as well as personal liability claims or loss of income if the business has to close temporarily. Most of these policies are generally used by small to mid-sized businesses. In the past year, coronavirus pandemic has...

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01 Apr
COVID-19 News, Member News

MJV | Cybersecurity: how to reduce cyber attack risks in the home office era

The outlook we had previously was that companies in the financial and insurance sectors were the champs in suffering from cyber attacks, naturally because they have plenty of valuable resources: data. However, that is changing. Unfortunately, we see companies of all sectors suffering from these attacks. This is because data is everywhere. And it's worth more than oil. What the most problematic element of Cybersecurity? The ever-changing nature of risks. Therefore, measures to add new layers of security to operations and...

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01 Apr
Chapter News

ESMA | EU Financial Regulators War of an Expected Deterioration of Asset Quality

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) issued today their first joint risk assessment report of 2021. The report highlights how the COVID-19 pandemic continues to weigh heavily on short-term recovery prospects. It also highlights a number of vulnerabilities in the financial markets and warns of possible further market corrections. Macroeconomic conditions improved in the second half of 2020, supported by ongoing fiscal and monetary policy efforts, but the resurgence of the COVID-19 pandemic since the last...

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01 Apr
Chapter News

ECB | Inflation dynamics during a pandemic

Blog post by Philip R. Lane, Member of the Executive Board of the ECB | In this blog post, I will provide an overview of the inflation outlook, based on the latest ECB staff macroeconomic projections for the euro area. To set the scene, I first review the current economic situation before turning to the analysis of inflation dynamics during the pandemic. Previewing the main messages, my assessment is that the volatility of inflation during 2020-2021 can be largely attributed to...

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01 Apr
Member News

RSM | OECD Guidance on Transfer Pricing implications for taxpayers

In late 2020, the OECD released guidance on the transfer pricing implications caused the pandemic. The advice came at an opportune time, providing much needed clarification for taxpayers as they sought to evaluate the application of transfer pricing rules during the pandemic and avoid triggering risks that could lead to audits and adjustments. This article explores the key points featured within the guidance, categorising them under four specific areas. Comparability analysis The OECD recognises that due to the significant impact of...

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01 Apr
Member News

aicep | The future is Lisbon

Lisbon has been voted as one of the 21 places of the future worldwide, standing out thanks to the quality of universities, infrastructures and security. According to a study by the American company Cognizant: “Lisbon was chosen from more than 150 cities around the world, as one of the 21 places of the future”, positioning itself as one of the three European cities that make up the final list.The evaluation concluded that Lisbon is a “sophisticated city”, which stands out for...

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