10 Jan
Member News

EU State aid investigation opened into Nike’s tax treatment in the Netherlands

On 10 January 2019, the European Commission announced the opening of a formal State aid investigation into five tax rulings granted by the Dutch tax authorities to two Dutch entities of the Nike group between 2006 and 2015. This investigation concerns individual tax rulings and as such should not directly impact other taxpayers. Nonetheless, the investigation forms part of the Commission’s continuing efforts focusing on transfer pricing and valuation issues. Under EU State aid rules, Member States are not allowed...

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10 Jan
Member News

A Canadian Perspective on the CUSMA

By John M. Weekes, former Canadian Chief Negotiator on NAFTA | Senior Business Adviser at Bennett Jones From a Canadian business perspective, restoring a more certain trade environment in North America is at the top of any wish list for 2019. The American Section 232 tariffs on steel and aluminum last year sent a shock wave through the Canadian business community—one that is accentuated by the threat of further action resulting from ongoing investigations on automobiles and uranium. And it is not just the...

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09 Jan
Chapter News

Joint Statement on Trilateral Meeting of the Trade Ministers of the United States, Japan, and the European Union

Mr Hiroshige Seko, Minister of Economy, Trade and Industry of Japan, Ambassador Robert E. Lighthizer, United States Trade Representative, and Ms Cecilia Malmström, Commissioner for Trade, met in New York on 25 September 2018. Statement on Concerns with Non-Market-Oriented Policies and Practices of Third Countries The Ministers reiterated their concern with and confirmed their shared objective to address non market-oriented policies and practices of third countries that lead to severe overcapacity, create unfair competitive conditions for their workers and businesses, hinder...

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09 Jan
Member News, New York Related News

AOC and all the other Amazon haters are dead wrong; this deal is good for New York

By Sam Natapoff| President |  Empire Global Ventures LLC State & local governments have pressing social, economic fiscal challenges so why pay rich corporations? Here's why After a 14-month competition among 238 North American cities for the richest economic development prize in a generation, on November 13, 2018 Amazon announced it would locate two new “headquarters” in Long Island City (LIC), New York City, and in Arlington, Virginia.  In return for creating 25,000 jobs paying an average of $150,000 and investing $2.5 billion in each...

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09 Jan
Brexit News, Member News

The impact of Brexit on medicinal product marketing authorisations

By Evelyn Schulz & Susann Jahn | Noerr  Following our article “Brexit with or without a deal: Consequences for pharmaceutical companies”, which provided a general overview of the challenges facing pharmaceutical companies, this article deals specifically with the impact of Brexit on medicinal product marketing authorisations. Whether there will be a Brexit with or without a deal is of secondary importance with regard to medicinal product marketing authorisations – this question primarily determines the period within which pharmaceutical companies will be confronted with the...

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08 Jan
Member News

The Qualified Opportunity Zone: A Limited Opportunity for Investors to Defer Capital Gains

By: Giev Justin Askari, Senior Wealth Planner, HSBC Private Banking What are Qualified Opportunity Zones?  The 2017 Tax Cuts and Jobs Act (TCJA) created a new tax incentive surrounding investments in Qualified Opportunity Zones (QOZs).  By investing in a business or fund that is eligible to take advantage of this limited opportunity, taxpayers can defer certain capital gains until 2026, and may qualify for up to 15% of the deferred tax liability to be excluded from recognition altogether (depending on when...

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08 Jan
Member News

Trepp’s 10 Most-Read Research Reports of 2018

By Sean Barrie | Trepp  Much like last year, the retail sector generated a large number of headlines in 2018. However, the multifamily space was the subject of Trepp's most-read research piece from this year. This isn't much of a surprise for us as more issuance is being devoted to apartments (whether it be from private-label and agency lenders) and the sector's delinquency rate maintained its healthy figure. Click below to download the year's most popular pieces, including reports on new issuance,...

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08 Jan
Chapter News

European Capital Markets Union: Common EU rules on securitisation are applying since 1 January

New rules to revive the EU's securitisation market will lead to more investment opportunities and increased lending to households and businesses. The new harmonised securitisation rules, which will apply as of 1 January, are an important building block of the Capital Markets Union. They will help provide additional funding sources for companies, strengthen banks' ability to support the economy and spread risks across market participants, while avoiding the excesses that led to the financial crisis. Drawing heavily on the work of the...

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08 Jan
Member News

Guess what, online branding restrictions are on the EU Commission’s radar

By Floris ten Have | Partner Amsterdam | Stibbe Companies are probably aware of the Commission's eagerness to clamp down on online resale price maintenance and geo-blocking restrictions. The recent fine for vertical restraints by clothing company Guess marks a new dot on the Commission's radar. Restrictions on retailers using a supplier's brand names for online search advertising purposes are just as much a no-go. The ACM seems to be catching up with the vertical restraints crusade too. It is therefore essential for companies...

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07 Jan
Brexit News, Member News

The most common questions businesses are asking about Brexit

By Kevin Butler| Managing Director Ireland and the United Kingdom | TMF Group  We’re fielding three common questions about Brexit from concerned businesses in the UK and Europe. But it’s the questions they’re not asking that are most pressing. A no-deal Brexit is firming up as a real possibility as political wrangling over the UK’s exit from the EU continues. While a comprehensive withdrawal agreement – or even a called-off Brexit – remain the ideal outcomes for business, making the necessary preparations...

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