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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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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SkyLink, Blue Sky Network’s 2x award-winning connectivity platform, is now DO-160G qualified for aviation | August 30, 2022 – SAN DIEGO – Blue Sky Network today announced that its SkyLink 7100 aviation solution has completed DO-160G qualification testing and can now be installed on crewed aircraft. Additionally, the SkyLink single-channel Iridium antenna has received FAA TSO C159d approval.  This dual-mode communications solution leverages next-generation Iridium satellite service and local 4G/LTE networks, providing aviation customers with continuous pole-to-pole coverage. To attain DO-160G...

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The Portuguese Golden Resident Visa (or “GRV”) is an immigration program that allows you to acquire residency through a qualified investment in the country. It is considered by many advisors as the best program of this kind due to the wide variety of its investments, flexible investment requirements ​​and to its limited minimum required presence in the country. This program was launched in 2012 and it has grown in popularity during its 10 years of existence: according to data from...

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Editor's Note: In the U.S. laws and regulation space, the California attorney general announced the first-ever CCPA settlement, the California Privacy Protection Agency raised objections to the ADPPA, and the FTC announced advance notice of a proposed rulemaking aimed at commercial surveillance and data security. Meanwhile, the California legislature passed the Age-Appropriate Design Code Act. In U.S. litigation, Meta settled a class action over tracking and requested attorneys' fees in a data scraping suit. In international regulation and enforcement,...

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As much anticipated, Liz Truss was elected the new leader of the Conservative Party earlier this week securing 57% of the vote from party members. Taking over the reigns from her predecessor, Boris Johnson, many now are wondering what her premiership will mean for EU-UK relations over the coming months. Upon her appointment as the new Prime Minister of the United Kingdom, Truss began to receive various messages of congratulations from EU officials in Brussels. While all messages were congratulatory...

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Are you a small business stakeholder? If so, you are invited to a United States-European Union workshop on September 28th, 2022 in Augsburg, Germany. This workshop is organized by prominent institutions: the Office of the U.S. Trade Representative, the Department of Commerce, the Small Business Administration, the European Commission’s Directorate General for Trade and Directorate General for Internal Market, Industry, Entrepreneurship and SMEs. You will have the opportunity to connect and discuss relevant topics with international small and medium sized enterprises (SMEs)...

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On 1 September 2022, the European Commission ("EC") published its second annual report on the screening of Foreign Direct Investments ("FDI") into the EU. The report describes trends and developments in EU Member States and assesses cooperation under the EU mechanism. In this update, we briefly discuss key developments reflected in the report. BACKGROUND In March 2019, the EU Regulation establishing a framework for the screening of FDI into the Union (2019/452) ("FDI Regulation") was adopted. The FDI Regulation introduced harmonisation...

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