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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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 an article on Norway and a focus on the United Kingdom where a general election has...

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The seemingly endless supply of bad news for retailers was halted (at least temporarily) over the last 48 hours. Target released positive results on Wednesday, and Walmart did the same yesterday. Not that either report will do much to change perception in the near term for Macy's, Sears, Dillards, and others, but it is good to know that someone can still make a buck selling through brick-and-mortar channels. (However, it wasn't all candy and roses as recently released Bon-Ton...

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DS-Concept has recently on-boarded a major global provider of technology products that sells networking hardware, telecommunications equipment and high-tech services. The company is headquartered in New Jersey and averages $40 million in sales annually. The company approached DS-Concept to fund their European sales originating from their subsidiary in the Netherlands. While established in the U.S. for over ten years, the European subsidiary has been in operation for under two years and, because of their relatively short sales history, they had...

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