Member News

01 May
Member News

May FX Outlook – Corrective Tone to Continue Given Shortage of Major Events

  May FX outlook – corrective tone to continue given shortage of major events April saw more unwinding of the positive USD trade as the Trump administration failed to add any real meat to the bones of its tax plan. Although Trump did produce a tax proposal at the end of April, it lacked major detail and now has to go through the Congressional budget process, which is likely to take months. It may yet prove USD supportive but any market...

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28 Apr
Member News

DS-Concept opens new branch in Iceland

Iceland’s export-driven economy with fishing, energy and aluminum smelting as its staple industries, has become increasingly competitive as it benefits from a strong commitment to open market policies that facilitates dynamic flows of trade and investment. With the opening of its new branch in Iceland, DS-Concept continues to strengthen its position as a leader in global trade finance. The new branch located in Reykjavik will service its growing client base of trading companies and processors in the seafood and consumer...

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24 Apr
Member News

International Property Tax Institute (IPTI): Update on Property Tax Issues in Europe

Update on Property Tax Issues: IPTI May 2017 The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep members up to date with the latest developments in property taxes both 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). As far as Europe is concerned, this month’s report includes articles concerning Croatia, Ireland, Latvia, Norway and a focus...

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24 Apr
Member News

‘A WAVE OF CHANGE’ – The Toy Association Responds to Evolving Member Needs with New Strategy, New Name, & Major Rebrand, Driving Change Across the Organization

The Toy Association – the largest trade association of its kind in the world – today unveiled a new mission statement, new name, and major re-brand driven by an innovative strategic plan. Formerly called the Toy Industry Association, The Toy Association supports a diverse membership whose global reach is revolutionizing the face of toys and play. The organization’s member-focused programs, products, trade shows, and consumer events promote international business growth for all members. Its new tagline, “Inspiring Generations of...

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24 Apr
Member News

IPTI News, May 2017: Update on Property Tax Issues in the U.S.

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep members up to date with the latest developments in property taxes both in the USA and Europe. New York City and State – POPULAR TAX INCENTIVE RETURNS (BUT PERHAPS IN NAME ONLY): The 421-a program was established in 1971 as a property tax incentive intended to spur residential development in New York City.  Its proponents viewed it as a means to generate affordable apartments and thereby curb...

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21 Apr
Member News

James Bacchus: Border Tax Would Smack U.S. Economy with Higher Prices, Fewer Jobs

Speaker Paul Ryan and other leading House Republicans are pushing a tax plan that would exempt income from exports from U.S. corporate taxes while denying tax deductions for the costs of imported inputs of goods and services into U.S. production. This proposed “border adjusted tax” could cause cascading harm to U.S. consumers, workers, manufacturers, retailers and, indeed, the entire U.S. economy. In effect, this so­-called BAT would tax imports and subsidize exports. It would discriminate against imported products by denying them...

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21 Apr
Member News, Uncategorized

The Foundations of our Freedom: How global institutions uphold our international order

  By Sally A. Painter As the European Union celebrates the 60th anniversary of the Treaty of Rome, it is impossible to ignore that the fate of international institutions in the West is in question. Whether in the form of Brexit, Trump, governments in Hungary and Poland, or populist candidates across Europe, antipathy and distrust towards international institutions and multilateral arrangements has brought new calls for the re-nationalization of state authority, sovereignty, and local identity. How did we get here? International institutions and...

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21 Apr
Member News

Informal tax practice regarding stock options and personal service companies now prohibited, but tolerated for the past

On 13 April, a circular letter (Dutch/French) was issued by the Belgian General Tax Administration that puts an end to a discussion that had been going on for some time with respect to the reduced valuation of stock options or warrants granted to persons who use a personal service company to deliver services. While the informal practice of applying the lower of two valuation methods for the benefit in kind is now outlawed, the Minister of Finance implicitly tolerates the...

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19 Apr
Member News

Houlihan Lokey Advises English Bay Batter L.P.

Houlihan Lokey is pleased to announce that English Bay Batter L.P. (English Bay), a portfolio company of Kilmer Van Nostrand Co. Limited, has been acquired by Cerelia SA (Cerelia), a portfolio company of IK Investment Partners (IK). The transaction closed on March 31, 2017. Founded in 1983, English Bay is a producer of refrigerated dough and other finished baked products, including cookies, croissants, muffins, and brownies. Based in Vancouver, British Columbia, the company employs 430 people across five industrial sites in...

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17 Apr
Member News

Election Results for 2017 WTCA Board of Directors

The World Trade Centers Association is pleased to announce the results of the 2017 election of its Board of Directors. Please join us in congratulating the following newly elected and re-elected directors: Asia Pacific Region (6) Mr. Vijay Kalantri (WTC Mumbai) Ms. Catherine Lee (WTC Nanjing) Mr. Balaram Menon (WTC Bengaluru) Ms. Jiuling Xiong (WTC Beijing)  Mr. Jianrong Yang (WTC Shanghai, newly elected)  Mr. Walter Yeh (WTC Taipei, newly elected) Europe Region (8) Mr. Rustu Argit (WTC Istanbul) Mr. Rolf Draak (WTC...

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