02 Oct
Member News

Ecofin agrees on VAT measures improving EU trade

The Ecofin agreed on several VAT measures fixing some practical issues currently affecting EU trade of goods. In addition, the Ecofin decided to align the VAT rates for electronic and physical publications and reached agreement on some new anti-fraud measures. 1. Quick-fixes Four 'Quick-fixes’ are introduced to the VAT-system, improving cross-border Business to Business trade in goods within the EU. These adjustments will apply from 1 January 2020. VAT identification number / EC sales listing - additional conditions to apply the...

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02 Oct
Member News

How difficult is the Netherlands for corporate compliance?

By Carlie Bonavia | TMF Group Most procedures for establishing a new entity in the Netherlands are quite straightforward, but in some areas, complexity levels for foreign companies can skyrocket. When it comes to the best countries in the world for business, the Netherlands is in an enviable 3rd position. However, it’s ranked among the 20 most complex jurisdictions in the world when examined specifically for its level of corporate compliance complexity. This is according to TMF Group’s Compliance Complexity Index 2018, which assessed...

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02 Oct
Chapter News

How are EACC Firms Reacting to Rising Global Trade Tensions?

By Todd Schwartz | Executive Director EACC Cincinnati  I’m sure each of you are carefully following the rise in trade tensions around the world.  It’s clear that rising tariffs and trade restrictions have the potential to significantly impact manufacturers and consumers across our region and around the world.  And we’ve been fortunate to host individuals like EU Ambassador to the US David O’Sullivan and Head of Division for the US and Canada of the European External Action Service Richard Tibbels,...

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01 Oct
Brexit News, Chapter News

Why The EU Has Difficulties With The Chequers Proposals

The Chequers proposals of the UK Government were a genuine, if belated, attempt to reconcile the expectations of the British people with EU realities. But they ran into difficulty for the following reasons. If Chequers remained an opening negotiating position, it might have started a useful conversation. But , under the pressure of domestic UK politics,  Prime Minister May soon made it a “red line” position, and thus no longer negotiable. From an EU perspective, Chequers was problematic because it would have...

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28 Sep
Brexit News, Member News

The weekly Vulcan View for the 24th – 28th of September featuring analysis of the latest EU developments

VULCAN VIEW- KEY EVENTS THIS WEEK: BREXIT Labour party delivers strong opposition to Theresa May’s Brexit at party conferenceIn his leader’s speech at this week’s Labour party conference, Jeremy Corbyn reiterated that Labour MPs will be voting against Theresa May’s Chequers plan. He announced that they will equally oppose a no-deal exit in the meaningful vote, which Mrs May has promised to parliament following the conclusion of negotiations in November. Mr Corbyn stated that the Labour party would only be willing to back...

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27 Sep
Chapter News, Financing for Development/UN SDG's

Opening of the 73rd United Nations General Assembly

The EU is hosting a number of flagship events in the margins of the General Assembly and EU representatives have a full agenda of high-level debates  President Jean-Claude Juncker, First Vice-President Frans Timmermans and High Representative/Vice-President Federica Mogherini will together with European Council President Donald Tusk attend today the opening of the 73rd UN General Assembly in New York. In the side-lines, President Juncker, accompanied by Commissioner Hahn, will also hold a bilateral meeting with the Prime Minister of Georgia Mamuka Bakhtadze. Yesterday, President Juncker - at the Nelson Mandela Peace Summit at the United...

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27 Sep
Chapter News

A Europe that protects: EU customs seized over 31 million fake goods at EU borders in 2017

New figures released by the European Commission today show that customs authorities detained over 31 million fake and counterfeit products at the EU's external border with a street value of over €580 million. Although the total figures have declined since 2016, fake potentially dangerous goods for day-to-day use like healthcare products, medicines, toys and electrical goods now make up a much higher proportion of all seizures – 43% of all detained goods came from this category. Overall, the top category...

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26 Sep
Member News

InterExchange launches Sustain Grant for young Americans in support of UN SDGs

By Mark Overmann | Vice President of External Affairs | InterExchange   Happy Global Goals Week! In support of this vital effort, InterExchange has launched our Sustain Grant, which includes full funding for select participants in our Sustainable Action Costa Rica program.   Sustainable Action Costa Rica, which will take place January 5-13, 2019, is a specialized 8-day experiential tour of Costa Rica focusing on hands-on education in social and environmental sustainability. The program will engage American students and graduates with the UN Sustainable Development Goals (SDGs...

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26 Sep
Member News

Due North: U.S. Private Equity Sets Sights on Canada

By John M. Mercury & Jonathan McCullough The outlook for private equity investment in Canada is promising. The country has become an attractive destination for foreign investors, and the total value of PE deals continues to reach new heights. A strong Canadian economy is good news for Canadian companies and investors. What are the motivations and experiences of PE firms doing deals in Canada? What is driving their decisions to move ahead and invest, or to hold and take a closer look? To better understand this, Bennett Jones commissioned Mergermarket to...

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26 Sep
Member News

The impact of the AIFMD on global finance

Nadia Bonnet | Avocat à la Cour | Arendt & Medernach The Alternative Investment Fund Managers Directive (“AIFMD”) is aimed at increasing investor protection, creating a common set of rules for the authorization, organization, operation and supervision of asset managers, improving risk management by asset managers and creating a single market for alternative investment funds within the European Union (“EU”). Due to its extraterritorial reach; to date the AIFMD is the most significant piece of regulation affecting the private funds industry...

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