Key insights: The House passed the tax bill on May 22, 2025. The Senate Finance Committee released its proposal on June 16, 2025. If the Senate successfully passes its version in June, the bill could see a final vote in the House in July. The proposed tax bill includes significant changes, from extending current tax rates to enhancing business deductions, and more. Now is the time to evaluate your tax planning opportunities. As the One Big Beautiful Bill Act (OBBBA) advances through...

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Antitrust in labour markets remains a hot topic in the EU. There have been recent landmark decisions by the European Commission (“Commission”) and the French Competition Authority which, alongside Advocate General Emiliou’s opinion in the pending Tondela “Football” case, are instructive for companies navigating the pitfalls of no-poach agreements under antitrust law. These have prompted us to update our previous article. EU Commission on no-poach agreements in an M&A context In 2018, Delivery Hero acquired a minority stake in Glovo, achieving full...

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The 27 Member States endorse plan to increase new financing to record of up to €100 billion in 2025. Revised ceiling includes 3.5% of total financing for European security and defence. EIB Board also approves landmark project for construction of military base in Lithuania. EIB Group shareholders launch largest EU programme to fund Europe’s technological leadership and approve first wave of new instruments to support cleantech. EIF Board approves deal with German Export Credit Agency to provide a...

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Cilcare is pleased to announce that its innovative INEAR3D project has been selected by the Companies & Campus initiative, supported by the University of Montpellier and its Pôle Universitaire d’Innovation (PEI). The project has received a €50,000 grant in recognition of its scientific impact and alignment with the PEI’s health and sustainability priorities. Led by Dr. Sylvie Pucheu, Director of Preclinical Innovation at Cilcare, INEAR3D represents a bold leap forward in the development of human-based in vitro models for auditory drug screening. The project is carried out in collaboration with the Institut Charles...

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We have summarized the upcoming Dutch and European tax changes as well as a recent opinion issued by the Knowledge Group of the Dutch Tax Authority regarding “negative wages,” clarifying the tax treatment of losses employees may face when forced to sell shares under bad leaver clauses. Changes in the Netherlands  VAT and Holding companies From July 1st, 2025, the Dutch "Holding Decree" and ‘’Share Sale Decree’’ will be replaced by two new decrees: the Deduction Decree, which introduces guidelines for the deduction of VAT...

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European Commission presents Defence Omnibus proposal On Tuesday, 17 June, the European Commission unveiled a sweeping package of proposals aimed at dramatically speeding up investment in Europe’s defence industry. In response to the urgent security challenges posed by the ongoing war in Ukraine, the Commission has proposed the “Defence Readiness Omnibus.” This initiative seeks to minimise bureaucracy, clarify regulations for investors, and enhance Europe’s ability to develop the necessary military capabilities. The move signals a significant push from Brussels to...

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IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in...

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The 2025 North American severe-weather season has begun, with experts predicting above-average hurricane¹, tornado², and fire³ seasons. Last year, the Atlantic hurricane season alone was estimated to have caused more than $200 billion in damages and economic losses⁴. When disaster strikes, having a secondary assured positioning, navigation, and timing (APNT) solution integrated into your operations can help reduce downtime and enhance asset safety in the following ways: 1. Delivers weather-proof connectivity that works inside or outdoors Whether you’re overseeing emergency personnel in...

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