EACCNY | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources

27 Mar

GillonTax: 10 Things to Know about Corporate Tax Issues Relating to COVID-19

Posted by EACCNY
March 27, 2020

Please see below an update to the corporate tax issues for European businesses in response to COVID-19. 1. Federal - Calendar 2019 Tax Filings Originally Due April 15 Can Now be Filed by July 15 2. 2019 Payment Deadline for 2019 Extended to July 15 3. 1st Quarter Payments Due April 15 Pushed to July 15 4. 2nd Quarter Payments Due June 15th have NOT been Extended 5. New York State and City Follow Federal Deadlines 6. Other States Have Made Similar Accommodations 7. Section 165(i)...

26 Mar

Member News

AlixPartners: Reset and restart, act now to prepare for a post-COVID world

Posted by EACCNY
March 26, 2020

The global COVID-19 crisis is causing sudden and unprecedented disruption. It’s impossible to predict the total impact – but these are turbulent and trying times, and dramatic action and resiliency will be required to navigate this together. People, infrastructure, small and large businesses, and economies are all being affected. With the immediate well-being and health of people rightfully being top priority, many retail and other businesses are functioning at reduced capacity or as online-only operations. While some retailers have...

26 Mar

Member News

PepperHamilton: Defense Production Act FAQs

Posted by EACCNY
March 26, 2020

On March 18, President Donald Trump issued an executive order finding that the “health and medical resources needed to respond to the spread of COVID-19, including personal protective equipment and ventilators” meet certain criteria set forth in the Defense Production Act of 1950, as amended (DPA). In the executive order, the president also delegated authority under the DPA to the Secretary of Health and Human Services “to determine, in consultation with the Secretary of Commerce and the heads of...

26 Mar

Chapter News

Coronavirus: harmonised standards for medical devices to respond to urgent needs

Posted by EACCNY
March 26, 2020

March 25, 2020 Yesterday, the Commission adopted decisions on harmonised standards which will allow manufacturers to place on the market high performing devices to protect patients, health care professionals and citizens in general. The standards will facilitate a faster and less expensive conformity assessment procedure. The revised harmonised standards play a pivotal role in the current coronavirus pandemic because they relate to critical devices* such as: medical face masks surgical drapes, gowns and suits washer-disinfectors sterilisation Stella Kyriakides, Commissioner for Health said: “We must...

26 Mar

New York Related News

Paid Sick Leave for COVID-19 Impacted New Yorkers

Posted by EACCNY
March 26, 2020

Supporting Families Affected By COVID-19 In response to the outbreak of novel coronavirus (COVID-19) in New York State, Governor Andrew M. Cuomo has guaranteed workers job protection and financial compensation in the event they, or their minor dependent child, are subject to a mandatory or precautionary order of quarantine or isolation issued by the state of New York, the Department of Health, local board of health, or any government entity duly authorized to issue such order due to COVID-19. Most employees...

26 Mar

Member News

GT Law: USTR to Open Section 301 Tariff Exclusion Process for Medical-care Products Needed to Address COVID-19

Posted by EACCNY
March 26, 2020

On March 23, 2020, the United States Trade Representative (USTR) announced it will begin accepting exclusion requests from the Section 301 tariffs on goods manufactured in China for medical-care products needed to address the COVID-19 outbreak. The exclusion requests are to be submitted to regulations.gov. No specific forms or formats are required. Though USTR asks that all requests be submitted as soon as possible, the process will be open until June 25, 2020. Any product included in any of the previous...

26 Mar

Member News

Littler: DOL Releases Q&A Guidance on Families First Coronavirus Response Act

Posted by EACCNY
March 26, 2020

On March 24, 2020, the U.S. Department of Labor released an initial set of questions and answers (Q&As) concerning the recently enacted Families First Coronavirus Response Act (FFCRA). The Q&As focus on the law’s provisions relating to new emergency paid sick leave (EPSL) and emergency paid Family and Medical Leave Act benefits (FMLA+). As it continues to accept feedback regarding the FFCRA, the DOL may release additional Q&As on more issues, or clarify issues in the existing guidance, before...

25 Mar

Chapter News

EEAS special report: Disinformation on the Coronavirus – short assessment of the information environment

Posted by EACCNY
March 25, 2020

March 19, 2020 With the outbreak of COVID-19, we have seen the proliferation of significant quantities of news, myths, and disinformation about it – coming from various sources both within and outside of the European Union. The World Health Organisation has stated that the outbreak of and response to COVID-19 has been accompanied by a massive “infodemic”, which the WHO describes as an over-abundance of information – some accurate and some not – rendering it difficult to find trustworthy sources...

25 Mar

Chapter News

The Coronavirus pandemic and the new world it is creating

Posted by EACCNY
March 25, 2020

23/03/2020 - 18:22 COVID-19 will reshape our world. We don’t yet know when the crisis will end. But we can be sure that by the time it does, our world will look very different. How different will depend on the choices we make today. “COVID-10 will reshape our world. We don’t yet know when the crisis will end. But we can be sure that by the time it does, our world will look very different.” – Josep Borrell, The COVID-19 crisis is...

25 Mar

Chapter News

OECD Secretary-General: coronavirus “war” demands joint action

Posted by EACCNY
March 25, 2020

Commits policy support, saying efforts must have “Ambition of Marshall Plan, vision of New Deal” 21/03/2020 - OECD Secretary-General Angel Gurría called today for sweeping joint action by governments to defeat the health, economic, and social threats of the coronavirus (Covid-19) pandemic. In calling on governments to better coordinate their efforts, Gurría announced that the OECD would channel its efforts into immediate support to policymakers combating the crisis, launching a new online policy hub immediately. “The coronavirus pandemic is a public health...

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