Member News

Member News

The Weekly Vulcan View For The 21st Of January To The 25th Of January Featuring Analysis Of The Latest EU Developments

VULCAN VIEW - KEY EVENTS THIS WEEK: May holds on to her Brexit DealIt took all of thirteen minutes for Theresa May to present her Plan B to the House of Commons on Monday and there was little evidence of a change of approach from her government. The PM made it very clear that she wouldn’t allow for the option of a second referendum to be held. Throughout the week there have been cross-party talks to find a consensus with members...

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Member News

Update on Property Tax Issues: January 2019

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 a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org).   USA New York: Understanding NY’s Property Taxes Whether people like it or not, taxes are necessary, and it is particularly true in the case of property tax. Local...

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Member News

VAT Circular on transactions between related parties

By  BRUNO GASPAROTTO | SOPHIE WEYTEN | NICOLAS CONRAD | CLAIRE SCHMITT On 18 January 2019, the Luxembourg VAT authorities published a new Circular (N°790), which clarifies the provisions of article 28, §3, of the VAT Law on transfer pricing and VAT. In this respect, in a supply between closely related parties, for which the agreed or charged fee value is different from the normal value of the operation, the VAT base will be constituted by the normal value of the operation (fair market...

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Brexit News, Member News

EY Brexit Viewpoint: Signals and Developments

By Mats Persson, EY UK & Brexit Lead & Special Advisor to the Prime Minister 2015-2016   Latest developments: Theresa May has said that cross-party talks to find a solution to the Brexit deadlock have so far generated no result. She’s now focussing on winning over her own backbenchers and the DUP, the Northern Irish party she relies on for majority in Parliament.   Another vote in UK Parliament on Theresa May’s Brexit plan will take place on 29 January – this...

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Member News

3 Signs You’re Using the Wrong Recruiting Partners

Recruiters are so plentiful these days, it can seem like they’re a dime a dozen. Hiring managers the world over are inundated with a ceaseless stream of voicemails from recruiting firms eager to provide their services. Not all recruiters are created equal, and with so many competing firms it can be hard to discern whether you have the right staffing partners at your side. If you have found yourself questioning the relevance of your current recruiting partners, there are a...

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Member News

Trade secrets: harmony between the US and Europe?

The misappropriation of a trade secret can come at a significant cost to its owner. In 2014, research published by PwC and the Center for Responsible Enterprise and Trade estimated the total value of misappropriated trade secrets in the US at between 1% and 3% of GDP – the equivalent of up to $550 billion per annum. If unlawful disclosures allow a third party to compete, this can affect customer retention, profits and brand reputation on a global basis. The...

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Member News

Undertaking M&A? Don’t make these 3 common mistakes

Companies undertaking M&A transactions come up against three key financial compliance challenges. In TMF Group’s work with companies undertaking merger or acquisition transactions across the globe, we see the same three financial compliance mistakes time and time again.  1. Not putting the right deal structure in place The structure of your M&A deal is an important one to get right, because it influences a myriad of factors from the type of setup you need to put in place, to the type of entities...

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Member News

Retail viewpoint: 10 predictions for the industry in 2019

By David Bassuk & Joel Bines | AlixPartners The consumer has never been more important, or opinionated, than now. Not only are there unending buying choices available, but the explosion of digitally native business models, unprecedented speed of delivery, and personalized experiences have changed the game. Meanwhile, retailers are also trying to navigate a tricky political and economic climate. Here is our annual crystal ball on the state of the industry: 1. Digital natives continue to win share from traditional retailers Brands that were born on the...

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Brexit News, Member News

Brexit and broadcasting: Luxembourg as the ideal gateway to provide audiovisual media services throughout the EU (without a major impact on operations in the UK!)

By Vincent Wellens | Carmen Schellekens | Mickaël Abbou |Jolize Lautenbach  Since the UK Parliament has rejected the Withdrawal Agreement between the EU and the UK on 15 January 2019, a so-called "no deal" scenario becomes a bit more likely. It goes without saying that this has a tremendous impact on the broadcasting sector as it is one of the sectors to typically benefit from the "country of origin"-principle under EU law. A broadcasting company having an establishment in one EU/EEA Member State can, by virtue of Article 3 of...

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Brexit News, Member News

The Weekly Vulcan View For The 14th Of January To The 18th Of January Featuring Analysis Of The Latest EU Developments

VULCAN VIEW- KEY EVENTS THIS WEEK: AfD decides on party strategy for EU electionsDuring a special AfD party convention last weekend in which the party decided on its campaign and strategic goals for the upcoming EU election in May of this year, hardliners demanded the immediate exit of Germany from the EU. Calling for “Dexit” did not gain enough momentum within the party. A proposed exit by 2024 ended up being watered down as party leader Alexander Gauland said leaving the...

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