Dr. Mansur Pour Rafsendjani, Senior Partner of the German law firm Noerr Partnerschaftsges. mbB in Munich, Germany European ESG Developments When the President of the EU Commission, Ursula von der Leyen, took office in 2019, she had a mission: To make the EU the first climate-neutral area in the world by 2050, to cut pollution and restore a healthy balance in nature and ecosystems and to establish fair businesses that respect human rights. It is one of the most ambitious political...

Read more

€1 billion EIB loan will help fuel NXP’s research, development, and innovation (RDI) efforts in Austria, France, Germany, The Netherlands and Romania Loan will accelerate NXP’s RDI aimed at various end markets including automotive, Industrial, and Internet of Things (IoT) Supporting critical EU technology is a key EIB priority as outlined in its strategic roadmap and furthers EIB’s commitment to the EU Chips Act NXP Semiconductors N.V. (NASDAQ: NXPI) today announced that it has secured a €1 billion loan...

Read more

Welcome to the US State Income Tax Digest. We highlight significant income and business tax legislation, regulatory adoptions, judicial decisions, and administrative guidance. We hope that you find the digest valuable and look forward to your feedback. Featured article: Louisiana enacts major tax changes in special session A package of bills approved by the Louisiana State Legislature in special session and signed by Governor Jeff Landry (R) on December 5 includes significant tax changes, including for income, franchise, and sales and...

Read more

Beginning January 1, 2025, Illinois, Minnesota, New Jersey, Vermont and Massachusetts joined the growing list of states and municipalities across the country that have enacted pay transparency legislation imposing compensation disclosure obligations on employers. These new laws, which take effect at various points in 2025, will require employers in these jurisdictions to update their job postings and internal procedures to comply with each state’s pay transparency requirements. Following are the key requirements of each new law.   ILLINOIS Illinois’ pay transparency law, which...

Read more

USA California: Wildfires - how homeowners can receive financial help Property owners whose homes or buildings were damaged or destroyed by the extreme windstorms and wildfires may qualify for temporary tax relief, L.A. County officials announced. Under the Misfortune and Calamity Property Tax Relief program, property owners can receive temporary tax relief with adjustments made to reflect the reduced value of the property until repairs or rebuilding are completed, according to the County Assessor's Office. The damage must exceed $10,000 in the current...

Read more

Welcome to the 119th Congress. Even before President-elect Donald Trump is sworn in on January 20, 2025, change has come to Washington, D.C., as the 119th Congress gaveled in late last week. Here is what the Buzz is watching as the new Congress kicks off: A Trifecta? Yes, but … Republicans control the White House, as well as the U.S. Senate and U.S. House of Representatives, but that doesn’t mean that getting legislation to President-elect Trump’s desk is going to be easy. In...

Read more

Eurozone confronts renewed inflationary pressures, challenging ECB’s strategy The eurozone is facing renewed inflationary pressures as 2025 begins, with consumer prices climbing to 2.4% in December – the highest rate since July.  This increase marks the third consecutive month of accelerating inflation, exceeding the European Central Bank’s (ECB) 2% target, and adds pressure on the ECB to stabilise prices while supporting the region’s faltering economy. December’s inflation increase, up from 2.2% in November, reflects a combination of surging energy costs and persistent price increases...

Read more

Firm elevates several individuals to new roles, igniting the next generation of innovation and growth Minneapolis, MN – Jan. 7, 2025 – Today, CLA (CliftonLarsonAllen LLP) announced several updates to its national and regional leadership teams. The appointments and new roles underscore CLA’s commitment to innovation, growth, and strategic succession, as it accelerates into 2025 and beyond. Among the developments are two additions to the firm’s executive leadership team. CEO Jen Leary has appointed James Watson as Chief Solutions Officer and Paul...

Read more