Chapter News

01 Sep
Chapter News

State aid: Ireland gave illegal tax benefits to Apple worth up to €13 billion

The European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid. Commissioner Margrethe Vestager, in charge of competition policy, said: "Member States cannot give tax benefits to selected companies – this is illegal under EU state aid rules. The Commission's investigation concluded that Ireland granted illegal...

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01 Sep
Chapter News

Europe after Brexit: A proposal for a continental partnership

After the British decision to leave the EU, Europe’s trajectory, even its destiny, has again become a matter of choice. In an increasingly volatile world, neither the EU nor the UK have an interest in a divorce that diminishes their influence as the balance of economic power shifts away from the North-Atlantic world. We propose a new form of collaboration, a continental partnership. The UK will want to have some control over labour mobility, as well as leaving behind the...

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31 Aug
Chapter News

Public opinion and EU policies: Exploring the expectations gap

The Eurobarometer survey of the European Parliament 'Europeans in 2016: Perceptions and expectations, fight against terrorism and radicalisation' aimed to identify, across a range of different policy fields, the level of awareness of citizens of EU action in that field, and to assess how content they were with EU involvement in each field. This compendium brings together a set of short briefings by the European Parliamentary Research Service (EPRS) following up the survey. Taking each of those policy fields in...

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31 Aug
Chapter News

USCIS Proposes Rule to Welcome International Entrepreneurs

U.S. Citizenship and Immigration Services (USCIS) is proposing a new rule, which would allow certain international entrepreneurs to be considered for parole (temporary permission to be in the United States) so that they may start or scale their businesses here in the United States. Read the advance version of the notice of proposed rulemaking: International Entrepreneur Rule. Once the notice of proposed rulemaking is published in the Federal Register, the public will have 45 days from the date of publication...

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31 Aug
Chapter News, New York Related News

NYC is pleased to present new International Business Website

The Office of the Mayor of New York launched the new International Business website to help international businesses come to NYC and succeed once they’re here.   This new site – www.nyc.gov/internationalbusiness – is intended to be a one-stop-shop for international businesses, providing information about NYC programs, economic data by industry, guidance on setting up a new office, and more.  International businesses have specific needs and challenges, and now they have a centralized hub to find tailored information and support from New...

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29 Aug
Chapter News

The IMF’s role in the euro-area crisis: financial sector aspects

Financial sector aspects have pervaded the euro-area crisis, which can be seen as much as a financial sector crisis as a sovereign debt crisis, even though the latter narrative has dominated media coverage and political perceptions. The fragility of sovereigns in the euro area was to a great extent (though not in Greece) the result of large implicit and explicit state guarantees to national banking sectors. The International Monetary Fund made a significant contribution to addressing the euro area’s financial...

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24 Aug
Chapter News

Single market access from outside the EU: three key prerequisites

In relative terms, Norway’s current net financial contribution to the EU is similar to the UK’s. Switzerland and Liechtenstein pay surprisingly little, while Iceland is a net beneficiary. Relative to their population, Switzerland, Norway, Iceland and Liechtenstein received about twice as large an inflow of EU immigrants as the UK. These countries also have to adopt the vast majority of EU regulation to gain access to the single market. The new government of the United Kingdom has not yet indicated...

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19 Aug
Chapter News

Launch of new EACC Chapter in the Carolinas

The European American Chamber of Commerce in New York is delighted to welcome its newest sister chapter, the EACC Carolinas, based in Greenville, SC. The chapter was officially launched on August 11, with a cocktail reception at the renown Westin Poinsett in Greenville, SC. The guest of honor at the occasion was Madam Ambassador Caroline Vicini, Deputy Head of Delegation of the European Union to the United States.  Ambassador Vicini flew in from Washington DC to deliver remarks on the European...

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17 Aug
Chapter News

Driving smart city innovation with open sensor data

For many years, open access to data has been viewed as an important means of improving government transparency and accountability and deepening citizen engagement, and today hundreds of local and national governments worldwide are using open data portals to publish data and documents that they produce over the course of their operations. But open data has proven to be more than just tool for advancing open government and citizen engagement, it is proving itself to be an important tool for...

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16 Aug
Chapter News

Euro area international trade in goods surplus €29.2 bn – €7.7 bn surplus for EU28

The first estimate for euro area (EA19) exports of goods to the rest of the world in June 2016 was €178.8 billion, a decrease of 2% compared with June 2015 (€182.8 bn). Imports from the rest of the world stood at €149.5 bn, a fall of 5% compared with June 2015 (€157.4 bn). As a result, the euro area recorded a €29.2 bn surplus in trade in goods with the rest of the world in June 2016, compared with...

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