The implementation of the OECD’s BEPS Project represents a fundamental change in taxation from the legalistic approach, under which tax minimisation is a generally accepted practice, to the fairness based approach where tax liability in each country should be a fair representation of the economic activities in that country. This shift will cause disagreement on what constitutes fair taxa- tion across countries and result in double taxation through concur- rent multinational audits on cross-country economic activities. Integrated technology solutions will...

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Thursday 1 June 2017 Dear relation, We are pleased to inform you, as a relation of our firm, about the changing of the guard taking place today at NautaDutilh. As our new board, Petra Zijp, Jaap Jan Trommel, and Chris Warner will succeed Erik Geerling and Gaike Dalenoord, who are returning to their law practices. Building on their efforts, we intend to continue to further optimise the services of our firm. We look forward to intensifying our relationship with you, in line...

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BREXIT Pressure mounts on May as polls tighten in final week of campaigning The huge Tory landslide predicted at the outset of the general election is at risk of falling apart, according to the latest opinion polls. With just over a week of campaigning remaining before the British public head to the polls, YouGov has the Tories just 3 points ahead and on verge of a hung parliament. When Prime Minister Theresa May last month called for a snap election, most surveys...

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The USD continued to edge lower in May, giving up the last of the gains made since the US election, but the pace of decline was relatively slow and USD losses did not break through key levels. Trump’s policies, particularly on tax, remain important for the USD in the longer term, but the focus in June is likely to be more on the current economic situation in the US and abroad as well as the Fed and ECB policy...

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BY ILYSE SCHUMAN AND MICHAEL J. LOTITO ON MAY 23, 2017 President Trump has released his proposed federal budget, setting out his priorities for the 2018 fiscal year, which begins October 1.1 As anticipated, the budget represents a marked shift in potential government spending; it proposes to eliminate roughly $3.6 trillion over the next decade. And, true to his campaign promise, the president seeks to designate funds ($1.6 billion) for commencement of the construction of a wall along the southern border. Of particular...

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The Job Ad is a marketing document designed to attract the right people who really fit your business. Company culture is proving to be a “must-have” rather than a “nice-to-have.” ABOUT US: Now, describe your company culture, team culture, or positive nature of the manager. Sell your unique value proposition. Give a job seeker “what’s in it for them” if they choose to work with you. REQUIREMENTS: Now, list the must haves, and the nice to haves, and make sure...

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In a Notice published in the Official Journal of the European Union on April 29, 2017, the EU has announced its imposition of an additional 4.3% ad valorem import duty on certain products of U.S. origin, as part of its ongoing dispute with the United States over the Continued Dumping and Subsidy Offset Act (commonly referred to as “the Byrd Amendment”). The scope of the goods covered by this announcement is defined in terms of EU tariff numbers: 0710 40 00...

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For Alix's fifth annual global anti-corruption survey, they polled more than 300 general counsel and compliance officers on the impact that corruption risk has on their businesses. The report explores the challenges facing corporate legal departments today and why technology and data analysis continue to play an important role in managing risk. At a glance • 93% of survey respondents say they expect the challenges associated with moving data across borders to increase or stay the same. • 37% say their companies...

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This month’s installment focuses on a landmark lawsuit brought against the property tax authorities of none other than New York. Several weeks ago, a group known as Tax Equity Now NY (TENNY) – which describes its mission as the pursuit of legal and political reform of New York City’s property tax system – sued the State of New York, the City of New York, the NYC Department of Finance, and ORPTS (the State-level administrator of the property tax system) what...

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