17 Feb
Chapter News

EUIPO | No more fax, no more CDs, no more attachments

Improved technology heralds a new era in EUIPO communications From 1 March 2021, a number of important changes will affect the way the EUIPO communicates with customers. The changes are reflected in two key decisions recently adopted by the Executive Director of the EUIPO. 100% eComm No more fax: as fax communications prove less and less reliable the EUIPO has discontinued its fax service as a means of communication in EUIPO procedures. Fully eComm: the EUIPO’s secure e-communications platform will be...

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17 Feb
COVID-19 News, Member News

CLA | COVID-19 Debt Relief, Without a Tax “Bite” Later

Key insights Debt cancelation amounts are generally included in gross income. This may come as a surprise to unsuspecting borrowers. Fortunately, Congress has provided some exceptions and special provisions to address taxpayer concerns with COVID-related debt relief. Under the Consolidated Appropriations Act 2021 (CAA 2021), Congress provided both financial assistance and tax relief. The massive year-end package ― including tax provisions which effectively told Treasury Department and IRS to give debtors a break — is welcome relief to many individuals and organizations. Unfortunately for...

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17 Feb
Member News

FTI Consulting | Don’t Get Hung Up on Digital When Transforming Your Company

What if the key for businesses and brands looking to improve performance in an increasingly digital world isn’t digital transformation? At a time when so much of the interaction between businesses and their customers is moving towards digital channels and tools, many organizations are feeling the pressure to engage in “digital first” strategies to drive performance, optimize operations and protect revenues. These efforts — often characterized as a digital transformation or digital journey — are intensely focused on the addition...

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17 Feb
Chapter News

IMF | Why Climate Change Vulnerability Is Bad for Sovereign Credit Ratings

Climate change has made the world a riskier place. The destruction wrought by heatwaves, droughts, hurricanes, and coastal flooding doesn’t stop with the toll on human lives and livelihoods—it can also have deep consequences for a country’s finances. Recent IMF staff research has found that a country’s vulnerability or resilience to climate change can have a direct effect on its creditworthiness, its costs of borrowing, and, ultimately, the likelihood it might default on its sovereign debt. 'Financial risks created by climate change are felt...

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16 Feb
Member News

Houthoff | The Digital Services Act & the Digital Markets Act

Recently, the European Commission announced two new regulations, known as the Digital Services Act (DSA) and the Digital Markets Act (DMA). These regulations aim to set new rules governing the digital market in the European Union. According to the European Commission, the DSA is required to safeguard a digital space that respects Internet users' fundamental rights when using digital services. Furthermore, the legislators seek to establish a level playing field allowing further innovation, growth, and competitiveness in the digital sector. While the DSA introduces...

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16 Feb
Member News

IPTI | Update on U.S. & European Property Tax Issues: February 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 a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). UNITED STATES New York: De Blasio to revive property tax reform At a state Senate hearing, de Blasio committed to restarting hearings on fixing the oft-derided system and...

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16 Feb
Member News

MJV | Discover the practical applications of AR and VR in various sectors

Let’s start this article with some interesting facts about Virtual Reality (VR). In 2020, Apple acquired a Virtual Reality event streaming company called NextVR. This company records events like shows and sports games in VR and develops its first headset to be launched in 2022. According to Bloomberg, this is a more ambitious augmented reality product that will present an interactive 3D digital environment for games, watching videos, and virtual communication.Tim Cook, Apple’s CEO, says that both VR and AR...

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16 Feb
Member News

ACG Resources | Should you extend a Counter Offer to an Employee who resigns?

Most employers are increasingly concerned about the retention of key and non-key employees. When an employee leaves, it can be expensive to replace them, not to mention the loss of productivity and knowledge. A recent study has shown that many currently employed workers are unhappy in their current position. Some of the primary reasons for this unhappiness are the general feeling of being unappreciated and the thought that the grass is greener elsewhere. Given this situation, some sectors may experience a...

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16 Feb
Chapter News

ECB | Greening monetary policy

Blog post by Frank Elderson, Member of the Executive Board of the ECB, 13 February 2021 | Climate change requires urgent action, and the window of opportunity is closing fast. The ECB must be committed to doing its part. Yet, such commitment may raise a few eyebrows: why should the ECB care about climate change and how does that square with its mandate? These are important questions that we take seriously: the European Union is underpinned by the rule of...

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16 Feb
Chapter News

Remarks by Paschal Donohoe following the Eurogroup video conference of 15 February 2021

Good evening to all of you. Before I debrief you on today's Eurogroup, let me mention that we had the chance to welcome two new colleagues to our meeting today - the new Italian minister, Daniele Franco, whose government was just sworn in this weekend, and indeed, it was his first day in his new role. And the new Estonian minister, Mrs. Keit Pentus-Rosimannus, who presented the policy priorities of the new Estonian government. The Commission also presented its...

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