14 Sep
Member News, News

PwC | OECD Inclusive Framework Pillar Two Package Addresses Consistency of Rule Application and Reporting

What happened?  The OECD/G20 Inclusive Framework (IF) on 11 September 2026 released a package of Pillar Two materials, including a revised GloBE Information Return (GIR), a framework for the full legislative review of jurisdictions’ Pillar Two rules, and Administrative Guidance on certain conditional taxes and issues with respect to Qualified Domestic Minimum Top-up Taxes (QDMTT) fiscal-period mismatches. The revised GIR implements reporting changes arising from the January 2026 Side-by-Side (SbS) Package. For qualifying US-parented groups applying the SbS safe harbour, certain...

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14 Sep
New York Related News, News

Fox Rothschild | New York Hits Pause on Large Data Centers

Gov. Hochul’s executive order imposes a moratorium on permits and could reshape the land-use landscape. Key Points New York data center moratorium: An executive order suspended processing of discretionary permit applications for data centers consuming 50 MW or more while the Department of Public Service (DPS) prepares an environmental impact statement. Permitting, financing and litigation risks: The open-ended moratorium creates regulatory uncertainty for developers and lenders and adds to a growing wave of data center land-use litigation across multiple states. Community...

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14 Sep
Chapter News, News

ECB | A New Age of Capital: Growth, Sovereignty and AI

Speech by Christine Lagarde, President of the ECB, at “Hofburg im Dialog – Economy, Europe, Resilience” in Vienna, Austria Vienna, 14 September 2026 Let me begin with a story that starts in this city. In this country, the years before 1873 have a name: the “Gründerzeit”, or “founders’ era”. The old city walls had come down and the Ringstrasse was rising where they had stood. Railways were pushing out across the empire. New banks and joint stock companies were being founded by the...

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14 Sep
Member News, News, Trade & TTIP Related

Barnes & Thornburg | IEEPA Tariff Refunds: Critical Developments, Phase III Delays, and Action Steps for Importers

Highlights IEEPA refunds are being processed under CAPE Phases I and II, but CAPE Phase III is temporarily delayed. CBP announced that it will begin to issue refunds for finally liquidated entries under CAPE Phase III, but only for importers that have filed a lawsuit at the Court of International Trade (CIT). Non-litigating importers with finally liquidated entries may face the greatest exposure. If the Federal Circuit sides with the Department of Justice on the universal refund order appeal,...

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11 Sep
Chapter News, News

IMF | Monetary Policy with Supply Shocks and High Debt

Remarks by Kristalina Georgieva, IMF Managing Director at the Bank for International Settlement Dear Fabio, dear Pablo, dear governors—thank you for inviting me here to share a few thoughts on the challenges faced by central banks as our stewards of monetary policy. Over the past 20 years, we have seen the Great Moderation give way to the global financial crisis, followed by a long spell at the effective lower bound, followed by a succession of large shocks, from the pandemic to the...

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11 Sep
Member News, News

FBT Gibbons | From Incentives to Moratoriums: How Several Key States Are Responding to Data Center Development

Data centers have become a significant driver of new infrastructure development in the United States. According to recent Census Bureau data, construction spending on data center “shells” (the massive warehouse-like structures that house computing infrastructure) rose nearly 60% in July compared with July 2025 levels. As demand for cloud computing, artificial intelligence (AI), and large-scale data processing continues to increase, state and local governments are debating how to attract the economic benefits of data center investment while addressing the substantial...

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11 Sep
Member News, News, Trade & TTIP Related

Troutman Pepper Locke | From Duties to Import Bans: President Trump Escalates Section 338 Actions Against Canadian Goods

Key Points President Trump signed five proclamations on September 8, 2026, under Section 338 of the Tariff Act of 1930, imposing outright import bans on specified Canadian alcoholic beverages, dairy products, and motorcycles effective September 29, 2026. Section 338(b) authorizes the president to exclude articles from importation when a foreign country has “maintained or increased” discrimination against U.S. commerce following an initial Section 338(a) proclamation. The Canadian Tariff Modification Proclamations, effective September 15, 2026, reverse the original non-stacking policy,...

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11 Sep
Member News, News, Trade & TTIP Related

Jaguar Freight | Your Importer of Record Number Could Be Voided Starting September 18

IMPORTANT NOTICE: Beginning September 18, 2026, U.S. Customs and Border Protection will start voiding importer of record numbers when the data on file in CBP Form 5106 is inaccurate or incomplete. You cannot use a voided number on any entry, and CBP can stop merchandise at the port with no advance notice. This follows Executive Order 14411, signed in June 2026 to strengthen customs enforcement. Earlier this year, CBP deactivated roughly 4.8 million inactive importer accounts. The Form 5106 review...

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10 Sep
Member News, News

TecEx | When the Perfect Data Center Site Isn’t the Perfect Site

The race to build the infrastructure required for artificial intelligence is accelerating. Billions are being committed to data centers, power infrastructure and the compute required to train and run increasingly sophisticated AI models. At the same time, communities are questioning, opposing and, in some cases, attempting to stop the data centers being proposed in their towns and cities. That presents an uncomfortable contradiction. We are demanding more AI, more compute and more digital services, while some of the communities being asked...

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10 Sep
Member News, News

Manay CPA | The 2026 Year-End Tax Planning Guide for U.S. Small Businesses

Most year-end tax guides are organized by strategy. You get a list of twenty moves and you work out which ones apply to you, which is backwards, because roughly fifteen of them will not. This one is organized by entity. Find the section that describes how your business is taxed, and everything in it is something you can actually use. The rest you can skip. One thing worth saying before the details: 2026 is not a normal planning year. Several provisions...

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