By Jonathan M. Epstein | Holland & Knight  The U.S. Office of Foreign Assets Control (OFAC) on Sept. 25, 2019, designated COSCO Shipping Tanker (Dalian) Co. Ltd. (COSCO Dalian), Kunlun Shipping Company Ltd., and certain other entities and individuals as Specially Designated Nationals (SDNs) under Executive Order 13846 for transporting Iranian oil and petroleum products contrary to U.S. sanctions. Notwithstanding the long lead-up to this action, the designations took many in the maritime industry by surprise. In late 2018, as part of...

Read more

Hearkening the legacy and values of the Andersen name, Andersen Tax, one of the nation’s largest independent tax firms, will now operate under the brand “Andersen.” The Andersen name reflects the full scope of services available to clients in the U.S. and internationally.  Andersen Tax was founded in 2002 as a tax-only firm focused on private clients. Today the firm serves some of the largest companies in the world providing not only tax services but also valuation, transfer pricing and,...

Read more

EY's regional UK Attractiveness Survey report, in association with the Centre For Towns, reveals the stark and deepening disparity of foreign direct investment (FDI) flows into the UK, with its largest cities attracting an ever-greater share of inward investment and little signs of spillover benefit for the areas surrounding them. This joint report, which captures detailed analysis on where FDI has located across the UK’s cities, towns, communities and villages over the last twenty-one years, also points to a continued...

Read more

By Joanna Massey, President & CEO, JDMA Inc. In August 2018, I predicted that we would have a recession in the U.S. in 18 to 24 months. I was writing a paper for a capital markets class at Harvard, which was part of a graduate certificate in corporate finance that I have since completed.  I have been accused by of being “bearish” for nearly two years now, as fellow Board Directors, venture capitalists and friends in finance give me the side-eye when...

Read more

On 9 October 2019, the OECD published a proposed unified approach to reform profit allocation rules (Pillar One of its working plan to address the tax challenges arising from the digitalisation of the digital economy). This proposal builds up on prior publications earlier this year. It suggests to apply new rules for recognising a taxable nexus with market/user jurisdictions and allocating to them part of the profits of customer-facing businesses, based on a three-tier profit allocation mechanism. Unlike previous proposals,...

Read more

By: Angelo A. Stio III | Partner | Pepper Hamilton LLP and Laura Liguori |Partner | Portolano Cavallo  We routinely hear from United States citizens who want advice on how to remove photographs, newspaper articles, videos or personal information about themselves from the internet.  Whether these individuals are applying for a job or entrance into a secondary school, or they just want to maintain the privacy, people want to know how to erase their information from the web.  In...

Read more

The world economy is becoming more volatile and growing at a slower pace. These changes have forced businesses to make risky, complex decisions which could add costs to their operations, make them less competitive, or even render them obsolete. Yet new opportunities are emerging for those able to navigate the shifting tides. The 2019 Trade and Investment Report, produced by FP Analytics in collaboration with the World Trade Centers Association (WTCA), illuminates the sources of this uncertainty, the distinctive...

Read more