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. As far as Europe is concerned, this month’s report focuses on the United Kingdom as media coverage has intensified ahead of the UK Government’s Budget on 8th March and the revaluation of business rates...

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Today, in Life Technologies Corp. v. Promega Corp.,1 the U.S. Supreme Court unanimously held that supply of a single component of a multicomponent invention for manufacture abroad does not give rise to liability under 35 U.S.C. § 271(f)(1). Chief Justice Roberts did not take part in the decision. Justice Alito, joined by Justice Thomas, filed a concurring opinion. General Background The Court's opinion arises from respondent Promega Corporation's suit alleging infringement by petitioner Life Technologies Corporation of a patent that claims...

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On 21 February 2017, the Economic and Financial Affairs Council of the European Union agreed on a new proposal for a Council Directive (ATAD II) amending the so-called Anti-Tax Avoidance Directive (Directive (EU) 2016/1164 laying down rules against tax avoidance practices that directly affect the functioning of the internal market - ATAD). The main changes consist in the extension of the scope of the provisions on hybrid mismatches from European Union (EU) Member States (MS) to third countries in order...

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There has been a lot of talk about the possibility of the Trump administration introducing some form of border tax. The result thus far has been a variety of proposals and a general lack of clarity. Trump has presented it as a way of restoring jobs to America and at the same time helping to pay for building the wall with Mexico, and has suggested a 20% tax on Mexican imports. However, this simple tariff increase is not the...

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In the first few weeks of the Trump Presidency, there have been numerous marches, protests and other forms of political advocacy expressing views both in support of and in opposition to the President’s various appointments, executive orders and other actions.  Employers concerned about protests potentially planned for the next few months and political advocacy in general understandably have questions surrounding how political demonstrations may affect their workplaces.  Several news articles and an event website have called for a “general strike”...

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On 21 February 2017, the Council of the EU reached political agreement on amendments to the Anti-Tax Avoidance Directive (ATAD) to neutralise hybrid mismatch structures involving non-EU countries (ATAD 2). The ATAD contains rules combatting certain hybrid mismatches between Member States (MS). ATAD 2 extends the scope to (i) a variety of other mismatches between MS and (ii) mismatches between MS and third countries. The hybrid mismatch rules must be implemented into domestic law by 1 January 2020, one year later than was...

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BOS Container USA is happy to announce its new US inventory. BOS Quick Build Containers are manufactured in Germany. BOS Container USA, LLC (BOS USA) represents the factory in the USA, Canada and abroad. BOS USA is looking to develop long term B2B partners. Some of the industries we Service are Construction, Special Events, Fire and Flood Remediation, Self-Storage, Portable Storage, etc. New inventory: Until now, a typical client has ordered a full sea container shipment of BOS Containers (e.g. 28 units...

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DS-Concept has partnered with Blue Lab in Amsterdam. Blue Lab is part of Denim City, the umbrella organization consisting of five pillars including Workshop, Denim Institute, Blue Lab, Embassy and Jean School. Blue Lab is a unique and independent denim washing-design laboratory, providing trend analysis, R&D, sustainability, washing design and laboratory training services to brands, students, academics and industry experts. Part of the Denim City mission statement is “towards a brighter blue”, which is aiming at developing more sustainable production...

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The most recent market trends indicate a significant increase of the role of privacy matters within M&A transactions, with a particular focus on potential data security issues. In this scenario, the parties involved in M&A transactions have opposing interests, both aimed at managing their respective transactional risks and related consequences. The seller, on the one side, is expected to give representations and warranties in respect of the target business and, therefore, is required to take into appropriate consideration the increasingly...

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US stocks continued their recent run as the rally extended to a fifth day. Equities were helped by President Trump's reiteration that a "massive" tax cut was in the works. The Dow moved up another 107 points (0.52%), while the S&P 500 added 0.50% and the Nasdaq jumped 0.64%. All three major indexes hit all-time highs for the fifth straight session, which hadn't happened since 1992. Retail sales data beat expectations yesterday, while CPI rose by the largest amount in...

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