29 Nov
Chapter News

Banking Union and Capital Markets Union; Climate Strategy

Commission reports on progress in risk reduction in the Banking Union, calls for fast progress on Capital Markets Union and adopts climate change strategy​ Banking Union and Capital Markets Union The Commission adopted today two Communications on the Capital Markets Union and on the Banking Union. Concretely, the Commission took stock of the latest developments as regards risk reduction in the banking sector and progress towards an even more integrated and stable EU financial system, ahead of the December European Council...

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28 Nov
Brexit News, Member News

Brexit Response Plan: Where should you set up your EU entity?

Establishing an entity in another country is the number one action businesses are taking to prepare for Brexit. Find out if these key European jurisdictions are right for your operations. The overwhelming majority of international firms are yet to finalise their Brexit response plan, according to the latest report from TMF Group. But the number one action that proactive businesses are taking to be ready for the UK’s final divorce deal from the EU, is to set up entities in other countries. It’s...

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27 Nov
Member News

Why Good Employees Leave

Attrition is a major concern for business leaders, and it’s not one which can be easily resolved. When a good employee leaves your organization, you’re not only facing the immediate costs of hiring and training a new employee, the bottom line is also impacted by the internal knowledge that key employees take with them. There are ways to mitigate these costs and risks – such as having a recruitment strategy and talent pipeline in place for backfilling roles and creating...

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26 Nov
Brexit News, Chapter News

Political declaration setting out the framework for the future relationship between the European Union and the United Kingdom

INTRODUCTION 1. The European Union, hereafter referred to as “the Union”, and the United Kingdom of Great Britain and Northern Ireland, hereafter referred to as “the United Kingdom”, ("the Parties”) have agreed this political declaration on their future relationship, on the basis that Article 50(2) of the Treaty on European Union (TEU) provides for the negotiation of an agreement setting out the arrangements for the withdrawal of a departing Member State, taking account of the framework for its future relationship with the Union. In that...

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26 Nov
Brexit News, Chapter News

The consequences of Brexit for the French and European financial sectors – Paris, 23 November 2018: Speech by François Villeroy de Galhau, Governor of the Banque de France

The consequences of Brexit for the French and European financial sectors Ladies and gentlemen, I am delighted to welcome you along with Bernard Delas to this new conference organised by the ACPR, which this morning will focus on the consequences of Brexit for the financial sector. This issue is admittedly constantly evolving in line with current events... I welcome the agreement that was reached between the European negotiators and their British counterparts last week and we all hope that it will...

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26 Nov
Brexit News, Member News

Vulcan Views: Week of November 26

VULCAN VIEW KEY EVENTS THIS WEEK: BREXIT Continued Brexit talks on draft treaty ahead of Council summit Theresa May and EU Commission President, Jean Claude Juncker met on Wednesday to discuss the final elements of the withdrawal package ahead of the EU Council summit on Sunday. Negotiators from both sides subsequently agreed to a draft political declaration on the future EU/UK trade relationship, which will accompany the withdrawal agreement. The now 26-page draft document outlines the future relationship between the EU and the...

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21 Nov
Member News

Update on Property Tax Issues: November 2018

By Paul Sanderson & Jerry Grad | International Property Tax Institute  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 Europe and the USA. 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). As far as Europe is concerned, this month’s report includes articles on Greece, Italy and the United Kingdom. With...

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21 Nov
Chapter News

All EU countries will continue to grow this year, even if at a slower pace, thanks to the strength of domestic consumption and investment.

Commission sets out EU's economic and social priorities for 2019, presents Opinions on Draft Budgetary Plans and confirms the existence of particularly serious non-compliance with the Stability and Growth Pact in the case of Italy; Greece is integrated into the European Semester for the first time. The 2019 European Semester cycle of economic and social policy coordination begins against a backdrop of sustained but less dynamic growth in a climate of high uncertainty. A lot has been achieved since 2014...

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21 Nov
Member News

I Want YOU to Join the Tariff Army!

By Steve Pasierb | President & CEO | The Toy Association The Toy Association has been tirelessly working on your behalf since proposals for a border adjustment tax arose two years ago right through this very day as tit-for-tat rounds of China tariffs menace the U.S. toy industry.  We’ve been successful going at it alongside a small group of member company representatives, but now is the time for all to take up arms. The threatened fourth tranche of Section 301 China tariffs...

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20 Nov
Brexit News, Member News

Last Updates on Brexit: Draft Withdrawal Agreement and Political Declaration

By Herman Speyart, Amsterdam | Dirk van Gerven, Brussels | Walter Schellekens, London | Vincent Wellens, Luxembourg | Elizabeth van Schilfgaarde, New York | Jolize Lautenbach, Rotterdam. On 14 November 2018, the UK Government and the EU Negotiation Team published an agreed draft Withdrawal Agreement on the UK's exit from the Union, accompanied by a draft outline of the Political Declaration on the future of the UK-EU relationship.   The Article 50 TEU Procedure On 23 June 2016, the UK citizens voted to...

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