In this edition, we cover annual reporting for employment-related securities arrangements (including changes to HMRC's templates), recent improvements to tax-advantaged plans and some upcoming consultations. We also report on developments across Europe, including recent changes to the Dutch share option regime and a further update on wage tax deferral for German start-ups in an international setting. Employment-related securities | Updated HMRC templates and 6 July 2023 deadline Companies operating employment-related securities arrangements are reminded that the deadline to file their annual...

Read more

Every single person wants to be great at what they do, exceptional even. However, when it comes down to it, few actually want to put forth the effort to see that transformation. Those who are willing to live intentionally and take action in their lives will see the rewards of their efforts. Here are seven characteristics or qualities of those who are truly exceptional. Focus Forward. No good will come from keeping your eyes trained backward. This is true...

Read more

On 27 March 2023, the European Securities and Markets Authority (“ESMA”) published its Final report on Guidelines on MiFID II product governance requirements (the “2023 Guidelines”). 1. Background The 2023 Guidelines, which were preceded by a consultation paper (“CP”), replace the previous version of the guidelines issued by ESMA in 2017 and take account of recent regulatory and supervisory developments. 2. Aim According to ESMA, the 2023 Guidelines’ main aims are to: reduce the risk of mis-selling and its related financial consequences; reduce...

Read more

This week, the European Commission presented a comprehensive reform of the EU Customs Union which will harmonise how customs operate across the EU. Executive Vice President of the European Commission, Valdis Dombrovskis, welcomed the proposed reform describing it as part of the Commission’s “plan to strengthen the EU’s open strategic autonomy”. Commissioner Dombrovskis explained that the reform would “enable EU customs to better defend our financial and economic interest, while ensuring the safety and security of goods entering the...

Read more

Game-Changing Platform for Enterprise Sales Makes Commercial Debut. NEW YORK – May 17, 2023 – USAM Group, the distinctive provider of outsourced sales, marketing, and advisory services to growth-stage technology innovators, is excited to announce that Sales Slicer, its unique sales and business intelligence tool, was awarded first place in the Enterprise division of the 2023 Queens (NY) Tech + Innovation Challenge. USAM developed Sales Slicer to bring transparency and accuracy to the enterprise sales process, making it more predictable with...

Read more

The Internal Revenue Service has released its strategic operating plan for the next decade, the agency’s blueprint for how it plans to spend $80 billion in funding that was green lighted by last year’s passage of the Inflation Reduction Act. More than $45 billion of the funding is slated for enforcement. The IRS will also be hiring tens of thousands of new employees, partially to make up for ongoing attrition and years of declining funding and staffing. The remainder of...

Read more

Montpellier, France – May 17th, 2023 | CILcare, a company specialized in the research and development of new therapies for auditory pathologies, and SATT AxLR are launching the OrgaEar project with the Bioengineering and Nanosciences Laboratory (LBN – EA4203) of the University of Montpellier, directed by Professor Azel Zine. OrgaEar, based on human induced pluripotent stem cell technology and 3D cell culture, aims to generate cochlear organoids containing neurosensory cells from the human inner ear. While very few drug solutions...

Read more

May 16, 2023 | Datacolor AG, a global leader in color management solutions, announces the acquisition of matchmycolor LLC, a technology company specialized in color formulation and communication software. Datacolor consolidates matchmycolor as of January 1, 2023. The costs for the acquisition and the integration will affect fiscal years 2022/23 and 2023/24. The strategic acquisition strengthens Datacolor's market position and further expands its global industry presence in color management. With over 50 years of industry experience, Datacolor has established itself as...

Read more

There are different ways to measure it, but the dollar just put in its best week of the year. The greenback rose against all the G10 currencies, and the Dollar Index rose by the most since last September. It also appreciated against most emerging market currencies, with the notable exceptions of a handful of Latam currencies. It seems to be an overdue technical correction. Few genuinely believe that the US will default given the ominous consequences, but the dysfunctional...

Read more

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 the USA and Europe. IPTI has put together below a selection of articles from IPTI Xtracts; more articles can be found on its website (www.ipti.org). UNITED STATES Illinois: Cook County’s property tax system needs reform. Here’s how to fix it. Accuracy in assessments, fair hiring, reforming the tax appeals process are some measures that must...

Read more