Member News | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources

23 Feb

EIB | Boosting Investments in European digital ventures to unleash the full potential of 5G

Posted by EACCNY
February 23, 2021

Study makes recommendations for more ambitious 5G investment in Europe European ventures developing 5G-related applications and business models are facing significant public and private sector financing shortfalls Investment in 5G is higher in the United States and Asia than in Europe The accelerating rollout of 5G infrastructure has become a key battleground in a broader struggle for control over the industries of the future. At the same time, the race to build 5G networks and reap the significant benefits...

22 Feb

Member News

Loyens & Loeff | EU list of “non-cooperative jurisdictions” updated – new Luxembourg tax consequences

Posted by EACCNY
February 22, 2021

On 22 February 2021, the European Union list of “non-cooperative jurisdictions” (the EU List) has been updated by the Economic and Financial Affairs Council (ECOFIN). This update is important in Luxembourg following the recent adoption of a law (law of 10 February 2021), which disallows the deduction for income tax purposes of interest and royalties due to related companies established in a country included in the EU List. This denial of the deduction is a new measure and applies...

22 Feb

Member News

Jaguar Freight | ‘The Weekly Roar’: What’s the Latest in Ocean and Air?

Posted by EACCNY
February 22, 2021

Things in the international shipping industry are as hectic as ever, but there are some positive signs with air cargo volume decreasing worldwide, forwarders negotiating rates for UNICEF’s vaccine distribution, video evidence of California’s box-ship traffic jam emerging, and container lines ordering new vessels to keep up with demand. Over in the ocean shipping sector, the U.S. Coast Guard’s latest video footage showing the pileup of container ships anchored across California’s San Pedro Bay revealed just how intense the congestion...

19 Feb

COVID-19 News, Member News

MPC | It’s not the vaccines it’s the vaccinations

Posted by EACCNY
February 19, 2021

Covid-19 has killed 480,000 people in the United States and 2.39 million worldwide, while infecting 27 million people in the United States and approximately 109 million people worldwide. Though at the moment, hospitalizations, deaths and new cases are fortunately dropping, it does not mean we are out of the woods just yet, especially with variants increasing in the U.S. Although masks and social distancing are effective in slowing the spread of the virus, vaccines are a more effective means...

19 Feb

Brexit News, Member News

Houthoff | Financial regulatory status post Brexit

Posted by EACCNY
February 19, 2021

There is still much uncertainty about the financial regulatory consequences of Brexit for UK entities operating in the Netherlands. In this News Update, we give an overview of the current situation, focusing on market access. We discuss the cancellation of European passports, the exceptions to this, equivalence decisions and cooperation between supervisory authorities. If you wish to stay informed, you can subscribe to the News Update Financial Regulatory. The EU-UK Trade and Cooperation Agreement covers financial services in the same way as they are generally covered in...

19 Feb

Brexit News, Member News

Steptoe | EU/UK Trade Post-Brexit: Rules of Origin and Their Impact on Competition Law

Posted by EACCNY
February 19, 2021

The following note highlights certain barriers to free trade flows between the UK and the EU that have arisen in the post-Brexit era, with particular reference to rules of origin and origin procedures. It assesses the consequences these new rules will have in determining market power, influencing supply chain practices, and the application of UK and EU competition law in the future. The Trade and Cooperation Agreement The UK's continued membership of the European Union and Customs Union during the so-called...

19 Feb

Member News

Vulcan Insight | Amid vaccine vindication, the Commission plans to fight COVID mutant strains

Posted by EACCNY
February 19, 2021

After weeks in defence mode over its vaccine strategy, the European Commission continues to stay true to its plans, while stepping up its actions on preparing for new COVID-19 strains. In a joint press conference with the Health Commissioner Stella Kyriakides and Internal Market Commissioner Thierry Breton, European Commission President Ursula von der Leyen this week launched a new EU-level initiative to finally put the EU on the front foot in its fight against the coronavirus and its rapidly mutating...

18 Feb

Brexit News, Member News

GOP | Brexit and financial services: New deal or no deal?

Posted by EACCNY
February 18, 2021

On 24 December 2020, the EU and the UK finalised a Trade and Co-operation Agreement (the “TCA”) setting out the terms of their future relationship. This came just seven days before the end of the transition period for the United Kingdom’s exit from the European Union on 31 December 2020, following which: the UK ceased to be treated as a member state of the EU for all purposes; and EU law ceased to apply in the UK. READ MORE... Contact: Fabio Ilacqua Partner – Head...

18 Feb

Member News

IIE | Spring of Hope – a message from Allan Goodman

Posted by EACCNY
February 22, 2021

Dear Friends, As the world slowly emerges from COVID-19, we at IIE are optimistic. After each of the 12 pandemics in IIE’s history, international mobility actually surged. This time will be no different. Like you, we believe international exchange transforms lives and strengthens communities. And the Covid-19 pandemic has underscored that the mobility on which international education depends is central to what universities do best and for the benefit of humankind: promoting basic research, encouraging scientific experimentation and innovation, and forming...

18 Feb

COVID-19 News, Member News

Marks Paneth | Employee Retention Credit Extended and Expanded

Posted by EACCNY
February 18, 2021

The Consolidated Appropriations Act, 2021 (CAA) extends and expands the Employee Retention Credit (ERC) first created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The ERC is designed to encourage businesses to keep workers on their payroll and support small businesses and nonprofits through the coronavirus economic emergency. Eligibility has been expanded to include employers who also received PPP loans. There are two sets of rules: one for those claiming the credit for 2021 wages, and another set...

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