The global economy continues to suffer from dislocations to supply chains, causing shortages and dramatic price spikes across products, industries, and geographies and hampering growth. Fears that these problems could ruin Christmas have fueled runs on turkeys and Christmas pudding in the United Kingdom and led President Biden to broker a plan to run around-the-clock port operations in Los Angeles. The consensus view seems to be that these issues are transitory and will work themselves out in the short to medium...

Read more

Travelling in winter is an essential pleasure for all fans of road trips. The road runs fast, perhaps snow-lined, through picture-perfect landscapes seen through windows slightly misted up at the edges. Sometimes, in winter, it is as if the cold makes the asphalt more compact and suitable for our tyres, which of course must be of the winter variety suited for the weather, and particularly snow tyres in the mountains. Double the driving pleasure by heading off to destinations that...

Read more

Creating the infrastructure to develop quick, new diagnostics was a major achievement of the COVID-19 pandemic. But we need to keep financing innovation to be ready for the next big one. The COVID-19 pandemic sent shockwaves through the medical diagnostics industry. Overnight, the demand exploded for diagnostics, such as tests, personal protective equipment and ventilators. Diagnostics makers tried to pivot operations to meet the overwhelming demand for COVID-19 tests and treatments, but many had difficulty marshalling the financing and manpower...

Read more

Key insights Advertising and sponsorship acknowledgement can look very similar, but only advertising is subject to unrelated business income tax. Any message or material that promotes or markets any trade, business, service, facility, or product using the key factors defined by the IRS is considered advertising. A payment made by a trade or business where there is no arrangement or expectation of any return benefit is considered a sponsorship. An activity is subject to unrelated business income tax if...

Read more

Luxembourg, 15 December 2021 - Arendt is pleased to welcome Christian Heinen, who joined the group as the new CEO of Arendt Services on the first of December. He takes over for Olivier Hamou, who will remain on the company’s Board of Directors. After starting his career with a Big Four, Christian held various senior positions in the fund and corporate services industries across several continents, leading business transformation and growth strategies in different cultural settings. His last role was...

Read more

Do you want a simple way to keep current on important privacy changes? Avoid sleepless nights wondering whether you missed a privacy speed bump or pothole between annual updates? Worry no longer. Troutman Pepper is pleased to offer More Privacy Please, a monthly newsletter recapping significant industry and legal developments, as well as trends in the areas of cybersecurity, information governance, and privacy. | U.S. LAWS AND REGULATION Wisconsin Enacts Insurance Data Security Law With Notification Requirements On November 1, Wisconsin...

Read more

Long-awaited draft legislation was published on Thursday of this week, with the European Commission saying that the burden of proof on employment status would shift from individuals to companies. Up until now, gig economy workers have had to go to court to prove they are employees, or risk being denied basic employment rights. Under this draft legislation, gig economy companies operating in the EU such as Uber and Deliveroo, must ensure workers get a minimum wage, access to sick...

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 Indiana: This is how the recession will affect property taxes What will be the effect of the COVID recession on the property taxes that fund Indiana local governments?...

Read more