by Bruno Gasparotto   The question of the scope of the cost-sharing VAT exemption, also referred to in the Council Directive 2006/112/EC of 28 November 2006 as amended ("EU VAT Directive") as “Independent Groups of Persons” or “IGPs”, is currently being debated at the Court of Justice of the EU (“CJEU”) in several cases.    Last Thursday marked the first milestone regarding this specific VAT exemption since the CJEU released its judgment in the case Commission v Luxembourg (C-274/15).   In this judgment, the CJEU essentially...

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BY ILYSE SCHUMAN AND MICHAEL J. LOTITO ON On April 29, 2017, the first 100 days of the Trump administration came to an end.  A government shutdown was averted after the White House and Congress reached a spending deal, and the U.S. Supreme Court seat left vacant by the death of Justice Antonin Scalia over a year ago was finally filled upon the Senate confirmation of Neil Gorsuch.  However, for those expecting dramatic changes in workplace policy, much of the...

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NewYork-Presbyterian has established the William Rhodes and Louise Tilzer-Rhodes Center for Glioblastoma. Launched with an initial $5 million gift from William Rhodes, the new state-of-the-art program conducts groundbreaking research and provides cutting-edge treatments for glioblastoma and other deadly brain cancers. The Center is led by physicians from Columbia University Medical Center and Weill Cornell Medicine, who, along with NewYork-Presbyterian, are national leaders in neuro-oncology.  Mr. Rhodes, who has been a Life Trustee of NewYork-Presbyterian since 1992, is also issuing a challenge...

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Key Highlights: • Top subsector stock performers in Q1 of 2017 included For-Profit Educational and Vocational Institutions and Digital Educational Content & Services, up 12.9% and 9.4%, respectively • On average, the stock price indices for the subsectors outperformed the S&P 500 Index by 5.5% during Q1 2017, again led by strong performance in the ForProfit Education and Vocational Institutions subsector • On average, EBITDA multiples for the subsectors were down by 0.1x over the prior quarter and up 1.7x on a...

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Government-commissioned report on the effects of private equity in the Netherlands generally positive     The Netherlands is consistently ranked as one of the five most active private equity markets in Europe. However, private equity's role in the Dutch economy has not gone unscrutinised; in 2015 two Labour Party MPs presented an "initiative note" to the Dutch parliament in which the private equity sector was portrayed as riddled with undesirable behaviour. Measures proposed by them include limits on interest deductibility, recapitalizations and...

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Lincoln International is pleased to present the latest issue of its Marketing Technology & Services Market Update: Q1 2017 CHICAGO, IL – Lincoln International is pleased to present the latest issue of our Marketing Technology & Services Market Update, a quarterly publication from our Business Services Group. Topics covered in this issue include:. Lincoln’s Strong Momentum in the Marketing Technology & Services Space Growing Interest in Consumer Loyalty Marketing Technology & Services Stock Indices, Performance and Stock Data Marketing Technology...

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  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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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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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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