25 Jan
Chapter News, COVID-19 News

Coronavirus: EU Commission proposes additional safeguards on travel from outside the EU and updated criteria for applying travel restrictions

Today the Commission is proposing additional safeguards and requirements for international travellers into the EU. New coronavirus variants and the volatile health situation worldwide call for further action to ensure that any travel to the EU takes place safely. To reflect the latest scientific advice, the Commission is also proposing updated criteria taking into account the testing rate, testing positivity and detection of variants of concern when deciding on the application of restrictions on non-essential travel to the EU to a specific non-EU country.   Additional safeguards on travel from outside the EU  Member States should introduce additional measures to ensure that travel into the EU takes place safely. This concerns those travelling...

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25 Jan
Brexit News, Member News

Houthoff | Trade and competition after the Brexit deal: the consequences for the level playing field for businesses

The EU-UK Trade and Cooperation Agreement ("TCA") introduces a new framework for State aid, antitrust, merger control and trade in goods and services. Although the TCA's purpose is to ensure a level playing field for fair trade and competition, the new rules clearly distinguish the EU internal market from the UK market. These new rules are likely to give rise to many questions of interpretation and disputes. The TCA has a separate dispute settlement mechanism. The role of the European Court...

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25 Jan
Member News

EIB | The EFSI Legacy: Doing more with less

The European Fund for Strategic Investments has been one of the good news stories to emerge in a decade of economic uncertainty. It has gone well beyond its highly ambitious target of €500 billion in mobilised investments. The Juncker Plan has made a strong contribution to the 14 million jobs created in the EU between 2015 and 2020. EFSI has become a success in co-financing projects that otherwise might not have been carried through. It has also charted the path...

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22 Jan
Chapter News

U.S. Fed Speech | Full Employment in the New Monetary Policy Framework

Speech by Governor Lael Brainard at the Inaugural Mike McCracken Lecture on Full Employment Sponsored by the Canadian Association for Business Economics (via webcast) | I want to thank the Canadian Association for Business Economics for inviting me to join you today, particularly president Bonnie Lemcke and past president Armine Yalnizyan. It is a pleasure to be here with Carolyn Wilkins. I am honored to deliver the inaugural Mike McCracken Lecture on Full Employment.1 Widely known for his critical contributions in bringing...

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22 Jan
Chapter News

Euro banknote counterfeiting at historically low level in 2020

460,000 counterfeit euro banknotes withdrawn from circulation in 2020, a historically low level in proportion to banknotes in circulation About two thirds of the total were €20 and €50 banknotes Euro banknotes continue to be a trusted and safe means of payment All euro banknotes can be verified using the “feel, look and tilt” method Some 460,000 counterfeit euro banknotes were withdrawn from circulation in 2020 (220,000 in the second half of the year), a decrease of 17.7% when...

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22 Jan
Chapter News

Results of the ECB Survey of Professional Forecasters in the first quarter of 2021

Shorter-term inflation expectations largely unchanged; longer-term inflation expectations unchanged at 1.7% Opposing revisions to real GDP growth outlook, with near-term forecasts revised down but stronger rebound envisaged thereafter Unemployment rate expectations revised down across all horizons Respondents to the European Central Bank (ECB) Survey of Professional Forecasters (SPF) for the first quarter of 2021 reported point forecasts for annual HICP inflation averaging 0.9%, 1.3% and 1.5% for 2021, 2022 and 2023 respectively. These were unchanged for both 2021 and...

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22 Jan
Member News

Vulcan Insight | “This is a time of testing” – The United States’ 46th President, Ireland & Europe

Undoubtedly, the most pressing issue on President Joseph R. Biden’s agenda is the COVID-19 pandemic which, in his own words, “silently stalks” both the United States and the globe. Remarks he made during his inauguration speech that the US may be entering “the toughest and deadliest period of the virus” coupled with Thursday’s sobering headlines that the number of American virus related deaths had surpassed the country’s troop fatalities in World War II, only serve to underscore the point. To...

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22 Jan
Member News

FTI | New and Evolving Threats: Cybersecurity Flashpoints in 2021

The global leaders of FTI Consulting’s Cybersecurity practice analyzed major developments from their respective regions — including the fallout of the U.S. Presidential Election, Brexit, and the upcoming Tokyo Olympics — to forecast what to expect in the coming year. Cybersecurity, already an essential consideration for all organizations, became even more critical in 2020, as malicious actors sought to capitalize on the societal confusion, fear, and uncertainty sown by a global pandemic. Organizations and individuals alike were targeted with sophisticated...

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22 Jan
Member News

H&K Law | Looking Ahead at the 2021 Tax Policy Landscape

After Inauguration Day on Jan. 20, 2021, and with the seating of the two newly elected Democratic senators from Georgia, Democrats will have control of the White House and both houses of Congress for the first time since 2011. The narrow margin by which the Democrats hold both houses, however, will restrain what tax proposals can become law, either through regular order or a budgetary reconciliation process. This Holland & Knight alert outlines the tax policy priorities of...

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21 Jan
Member News

IPTI | Update on U.S. & European Property Tax Issues: January 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: NYC Property Values Decline 5% as Offices and Hotels Stand Empty Office building values drop 6%: finance department Decrease in property value is...

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