20 Sep
Member News

IPTI | Update on U.S. & EU Property Tax Issues: September 2022

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together below a selection of articles from IPTI Xtracts; more articles can be found on its website (www.ipti.org). United States New York: NYC’s gauging of commercial property values leads to inequities Revenue from commercial buildings make up nearly 40 percent of the city’s property tax base. Commercial properties are...

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20 Sep
Chapter News

EU@UNGA77: Multilateralism at work in times of crisis

Every year at this time, world leaders gather in New York for the United Nations (UN) General Assembly. This year, however, there will be nothing routine about this diplomatic set-piece. 77 years after the UN was created to save humanity “from the scourge of war”, Europe is once again on the front line and crises are affecting many regions. UNGA offers a unique chance for countries to come together, to work out solutions to global problems. And after two...

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20 Sep
Chapter News

U.S. FTC issues illuminating report on digital dark patterns

It’s ironic that the only thing clear about digital dark patterns is the FTC’s commitment to protect consumers from the injury they inflict. A new FTC Staff Report sheds light on the ways that marketers can manipulate people into buying merchandise or giving up personal information through the use of dark patterns – a phrase that describes a broad range of deceptive design elements. If your business is involved in web-based commerce, the Report discusses in detail a number...

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19 Sep
Chapter News, Financing for Development/UN SDG's, New York Related News

EU@UNGA77: Multilateralism at work in times of crisis

Every year at this time, world leaders gather in New York for the United Nations (UN) General Assembly. This year, however, there will be nothing routine about this diplomatic set-piece. 77 years after the UN was created to save humanity “from the scourge of war”, Europe is once again on the front line and crises are affecting many regions. UNGA offers a unique chance for countries to come together, to work out solutions to global problems. And after two...

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19 Sep
Member News

Jaguar Freight | Important UK Customs Update

The following is an important update for all importers and exporters doing business in the UK. HR Revenue and Customs (HMRC) is changing the national customs clearance computer system, known as CHIEF + NES (Custom Handling of Import and Export Freight), to CDS (Custom Declaration Service). This is a big change for UK customs brokers as well as for all UK importers and exporters. While CHIEF was only “designed” for UK customs brokers to file and arrange import/export customs clearance, CDS...

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19 Sep
Member News

Global Taxes LLC | IRS Gets a Boost to Hunt Wealthy Tax Cheats

A bigger and stronger Internal Revenue Service will soon be coming after more wealthy tax cheats, thanks to the Inflation Reduction Act. The landmark legislation that President Joe Biden signed into law on Aug. 16 includes $80 billion for the IRS over the next 10 years – with a big slice of that money earmarked for better IRS enforcement. Proponents say the huge bump in IRS funding will generate an additional $204 billion over that time from otherwise lost tax collection. Opponents...

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16 Sep
Chapter News

Energy prices: EU Commission proposes emergency market intervention to reduce bills for Europeans

The EU Commission is proposing an emergency intervention in Europe's energy markets to tackle recent dramatic price rises. The EU is confronted with the effects of a severe mismatch between energy demand and supply, due largely to the continued weaponisation by Russia of its energy resources. To ease the increased pressure this puts on European households and businesses, the Commission is now taking a next step in tackling this issue by proposing exceptional electricity demand reduction measures, which will...

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16 Sep
Member News

Vulcan Insight | SOTEU 2022: Commission President calls for solidarity

Every year, during the September Plenary Session, President of the European Commission, Ursula von der Leyen, presents her State of the European Union speech before the European Parliament in Strasbourg. During her annual speech, the President takes stock of the achievements of the past year and presents the Commission’s priorities for the year ahead. This year, in light of the unprecedented geopolitical situation Europe finds itself in, von der Leyen’s speech was dominated by topics such as Ukraine, democracy, energy...

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16 Sep
Member News, New York Related News

EIB at the 2022 UN General Assembly and Climate week NYC

President Werner Hoyer and Vice-President Ambroise Fayolle will participate in a number of events during the 77th General Assembly of the United Nations (UNGA), which gathers global leaders to discuss issues such as global development, energy and food security, education and climate action. In parallel, the EIB will participate in Climate Week NYC (19-25 September), the biggest global climate event of its kind. As world leaders gather in New York this month for Climate Week, President Hoyer says it's time to deliver. Read the blog article. Find more...

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15 Sep
Member News, New York Related News

Cea Legal | Mortgage Recording Tax

It’s no secret that the costs in connection with investing in real estate in New York are considerable. Our clients often ask us to provide us a detailed estimate of the expenses before making a final offer. When an investor is financing the purchase, one of the most significant disbursements to take into consideration is the mortgage recording tax. The mortgage recording tax is calculated as 1.8% of the financing amount under $500,000 and 1.925% on financing amounts over $500,000....

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