Tax - the elephant in the room on President Macron's visit to Dublin
Yesterday, French President Emmanuel Macron was welcomed to Ireland on his first official visit to the State since taking office in 2017. The day commenced at Áras an Uachtaráin where the President was welcomed by President Michael D. Higgins and where he noted Ireland’s place “at the heart of the European dream.” The President then travelled to Government Buildings for a working lunch with the Taoiseach Micheál Martin. Keep...
The Government’s advice surrounding non-essential foreign travel changed on 19 July 2021. While staycations are more common than ever before, foreign holidays are back on the agenda. The new advice is to travel safely and in accordance with the latest public health guidance. As restrictions ease and with some businesses starting to plan a staggered return to the workplace, it will be challenging for employers to navigate employees returning from holidays abroad this summer. This is made more difficult...
New York City employers that do not offer their own retirement savings plans to employees will soon be required to do so. Two recently enacted New York City laws (Bill Nos. 888-A and 901-A, collectively the “Retirement Security for All” acts), will require private-sector employers with five or more employees to enroll eligible New York City employees in either their own plan or in a city-managed retirement savings plan.
Who is Covered?
A covered employer is any person or entity that employs five or more...
On August 17, 2021, the Key to NYC program, which requires proof of vaccination for indoor activities in New York City, including attending theatrical and other performing arts events, went into effect. Under the program, individuals age 12 and older are required to show proof that they have received at least one dose of a COVID-19 vaccine in order to attend not only NYC-based performing arts, but all indoor activities, including restaurants and bars, as well as movie theaters, bowling alleys,...
From worsening port congestion, to the Long Beach Container Terminal expansion, to the Port of Ningbo’s phased reopening, to post-Brexit trade imbalances, to DFW Airport’s new infrastructure plans, it’s time for The Weekly Roar.
Increasing port congestion at Asian and North European terminals on both sides of the tradelane is quickly diminishing any remaining hopes of seeing a recovery in global carrier schedule reliability any time soon. According to The Loadstar, “Asia-North Europe loops with a pro-forma round-trip transit time of around...
The International Property Tax Institute (IPTI) was commissioned by the Property Valuation Services Corporation (PVSC) of Nova Scotia, Canada to carry out research into the potential that artificial intelligence (AI) offers in relation to the preparation of valuation assessments for property tax purposes.
IPTI’s research culminated in the preparation of a White Paper entitled “The Potential of Artificial Intelligence in Property Assessment” which has been peer reviewed by a panel of eminent international experts and is now being published for...
The OECD recently issue a Statement on a “Two Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy”. The OECD/G20 Inclusive Framework, agreed to by more than 130 countries is the OCED’s and G20’s vision for the international tax future. There are two aspects (referred to as “Pillars”):
Pillar One - A fairer distribution of profits and taxing rights via reallocation to markets where certain large multinational enterprises (“MNE’s”) have business activities and earn profits,...
The EU will engage in dialogue with the Taliban in Afghanistan to prevent a “humanitarian and potential migratory disaster”, High Representative for Foreign Affairs, Josep Borrell, said on Tuesday (17 August) after an emergency video conference of EU foreign ministers. Borrell also said any dialogue would focus on preventing Afghanistan from becoming a hub for foreign terrorists. In the meantime, the priority remains the safe evacuation of EU citizens and local assistants.
Borrell ranked the fall of Kabul to the Taliban as the most important geopolitical event since...
The IRS issued Rev. Proc. 2021-33 to create a safe harbor so that organizations can more easily qualify for the employee retention credit under the gross receipts test.
PPP forgiveness, shuttered venue grants, and restaurant revitalization funds no longer need to be included in gross receipts when qualifying for the ERC.
On August 10, the IRS issued Rev. Proc. 2021-33 to amplify information in the three notices related to employee retention credit (ERC) issued earlier this year. The...
Made in Portugal
Portugal showcased a selection of 9 Portuguese wine brands at the United States Trade Tasting NYC 2021, one of the most significant beverage events for distributors and importers, organized by the Beverage Trade Network in New York City.
With over 150 international exhibitors and 1000+ special guests and specialists, this event reinforces Portuguese wines' presence and continuous growth in the American market.
Companhia Agrícola do Sanguinhal, Parras Wines, Quinta do Beijo, Ramos Pinto - Port & Douro Wine, Body...