Member News

22 Sep
Member News

AICEP Portugal Global | Airbus Atlantic launches first industrial unit in Portugal

Airbus Atlantic Portugal inaugurated yesterday its new group premises in Santo Tirso, 30 km from Porto, where it produces components for the Airbus A320 and A350, reinforcing its commitment to the Portuguese aeronautical cluster in an investment of 40 million euros, raised and monitored by AICEP. The inauguration ceremony was attended by the Portuguese Prime Minister, António Costa, the Chairman and CEO of the Portuguese Trade & Investment Agency (AICEP), Luís Castro Henriques, the CEO of Airbus, Cédric Gautier, and...

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22 Sep
Member News

Cozen O’Connor | Biden Administration Significantly Expands CFIUS National Security Factors

On September 15, 2022, President Biden signed an Executive Order (EO), which connects the work carried out by the Committee on Foreign Investment in the United States (CFIUS or the Committee) to the Administration’s national security aims beyond the traditional defense industrial base. This is the first EO of its kind since CFIUS was established in 1975. It comes at a critical time during this Administration’s efforts to improve the competitiveness of U.S. technologies and greatly reduce U.S. reliance...

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21 Sep
Member News

Loyens & Loeff | New social support measures for companies during the energy crisis in Belgium

On 16 September 2022 the federal government reached an agreement on support measures for companies in difficulty as a result of the energy crisis. The government has adopted similar support measures as those which were in force during the coronavirus pandemic. In this respect, the government has introduced a temporary unemployment scheme “energy” and companies can obtain longer deadlines for the payment of their social contributions. For whom? The measures are intended to apply to all companies that find themselves in difficulty...

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20 Sep
Member News

FTI Consulting | The Activism Vulnerability Report, Q2 2022

Introduction and Market Update With Labor Day marking the unofficial end of summer, FTI Consulting’s Activism and M&A Solutions team welcomes readers to our eleventh edition of the quarterly Activism Vulnerability Report, which reports the results of our Activism Vulnerability Screener following 2Q22, plus other notable trends and themes in the world of shareholder activism. During 2Q22, the U.S. stock markets experienced considerable volatility as inflation remained a concern for investors. In July 2022, the U.S. Federal Reserve enacted its second...

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20 Sep
Member News

IPTI | Update on U.S. & EU Property Tax Issues: September 2022

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 New York: NYC’s gauging of commercial property values leads to inequities Revenue from commercial buildings make up nearly 40 percent of the city’s property tax base. Commercial properties are...

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19 Sep
Member News

Jaguar Freight | Important UK Customs Update

The following is an important update for all importers and exporters doing business in the UK. HR Revenue and Customs (HMRC) is changing the national customs clearance computer system, known as CHIEF + NES (Custom Handling of Import and Export Freight), to CDS (Custom Declaration Service). This is a big change for UK customs brokers as well as for all UK importers and exporters. While CHIEF was only “designed” for UK customs brokers to file and arrange import/export customs clearance, CDS...

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19 Sep
Member News

Global Taxes LLC | IRS Gets a Boost to Hunt Wealthy Tax Cheats

A bigger and stronger Internal Revenue Service will soon be coming after more wealthy tax cheats, thanks to the Inflation Reduction Act. The landmark legislation that President Joe Biden signed into law on Aug. 16 includes $80 billion for the IRS over the next 10 years – with a big slice of that money earmarked for better IRS enforcement. Proponents say the huge bump in IRS funding will generate an additional $204 billion over that time from otherwise lost tax collection. Opponents...

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16 Sep
Member News

Vulcan Insight | SOTEU 2022: Commission President calls for solidarity

Every year, during the September Plenary Session, President of the European Commission, Ursula von der Leyen, presents her State of the European Union speech before the European Parliament in Strasbourg. During her annual speech, the President takes stock of the achievements of the past year and presents the Commission’s priorities for the year ahead. This year, in light of the unprecedented geopolitical situation Europe finds itself in, von der Leyen’s speech was dominated by topics such as Ukraine, democracy, energy...

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16 Sep
Member News, New York Related News

EIB at the 2022 UN General Assembly and Climate week NYC

President Werner Hoyer and Vice-President Ambroise Fayolle will participate in a number of events during the 77th General Assembly of the United Nations (UNGA), which gathers global leaders to discuss issues such as global development, energy and food security, education and climate action. In parallel, the EIB will participate in Climate Week NYC (19-25 September), the biggest global climate event of its kind. As world leaders gather in New York this month for Climate Week, President Hoyer says it's time to deliver. Read the blog article. Find more...

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15 Sep
Member News, New York Related News

Cea Legal | Mortgage Recording Tax

It’s no secret that the costs in connection with investing in real estate in New York are considerable. Our clients often ask us to provide us a detailed estimate of the expenses before making a final offer. When an investor is financing the purchase, one of the most significant disbursements to take into consideration is the mortgage recording tax. The mortgage recording tax is calculated as 1.8% of the financing amount under $500,000 and 1.925% on financing amounts over $500,000....

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