09 Sep
Member News

Houthoff | EU FDI screening: Are Member States getting more critical?

On 1 September 2022, the European Commission ("EC") published its second annual report on the screening of Foreign Direct Investments ("FDI") into the EU. The report describes trends and developments in EU Member States and assesses cooperation under the EU mechanism. In this update, we briefly discuss key developments reflected in the report. BACKGROUND In March 2019, the EU Regulation establishing a framework for the screening of FDI into the Union (2019/452) ("FDI Regulation") was adopted. The FDI Regulation introduced harmonisation...

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09 Sep
Chapter News

OECD | Jobs outlook highly uncertain in the wake of Russia’s war of aggression against Ukraine

OECD labour markets bounced back strongly from the COVID-19 pandemic, but the global employment outlook is now highly uncertain according to a new OECD report. Russia’s war of aggression against Ukraine has caused lower global growth and higher inflation, with negative impacts on business investment and private consumption. The OECD Employment Outlook 2022 says that while labour markets remain tight in most OECD countries, lower global growth means employment growth is also likely to slow, while major hikes in energy and commodity prices...

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09 Sep
Chapter News

Statement by Executive Vice-President Dombrovskis at the ECOFIN Press conference

Thank you minister, good afternoon everyone. It is a pleasure to be back in Prague. Thank you for hosting us in this beautiful city. As the minister already outlined, today's discussions in Ecofin focused on two main topics: financial support for Ukraine and our economic policy response to the war in Ukraine and its economic implications. As regards financial support for Ukraine, it is excellent news that ministers have endorsed the next part of our exceptional macro-financial assistance programme and agreed to provide...

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09 Sep
Member News

Vulcan Insight | Von der Leyen looks to fight sky-high energy prices

As sky-high energy prices continue to rise across Europe, there are increasing calls for coordinated, quick, and pan-European measures that can protect European citizens and businesses from the ever-increasing electricity and heating bills. As such, the Commission will present five proposals for how EU Member States can jointly rein in the escalating energy prices that are currently threatening to pull the rug out from under millions of households and businesses in Europe. “We are facing an extraordinary situation, not only...

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08 Sep
Member News

Littler | WPI Labor Day Report 2022

Four years ago, Littler Workplace Policy Institute (WPI) issued its first Labor Day Report, analyzing the state of the U.S. workforce, the regulatory and logistical hurdles employers faced, and the challenges that lay ahead. At the time, the country was nearly two years into a new presidential administration, the U.S. labor market enjoyed a historically low unemployment rate yet a relatively low labor market participation rate, and the growing skills gap was becoming more apparent. Four years, a new administration,...

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08 Sep
Chapter News

ECB temporarily removes 0% interest rate ceiling for remuneration of government deposits

Ceiling for remuneration of government deposits to remain at deposit facility rate (DFR) or euro short-term rate (€STR), whichever is lower, until 30 April 2023 Measure aims to preserve effectiveness of monetary policy transmission and safeguard orderly market functioning To preserve the effectiveness of monetary policy transmission and safeguard orderly market functioning, the Governing Council of the European Central Bank (ECB) today decided to temporarily remove the 0% interest rate ceiling for remunerating government deposits. Instead, the ceiling will...

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08 Sep
Member News

AICEP Portugal | Business Service Centres in Portugal 2022

AICEP and IDC have just launched the second edition of the Business Service Centres in Portugal Report, 2022. A comprehensive and in-depth view of the industry of business services in Portugal, based on a survey and interviews with top managers. For the first time, this report features 10 case interviews to showcase successful examples of foreign operations established in Portugal. DOWNLOAD REPORT Compliments of AICEP Portugal - a member of the EACCNY.

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08 Sep
Member News

Can accounting and law firms find clients on Facebook, Instagram and TikTok? Here is how to find out

In 2022, people spend an average of 2 hours and 27 minutes per day on social media.  These days, it is hard to imagine a marketing plan that does not include social media marketing. Professional service organizations such as accounting and law firms often struggle to develop a social media marketing strategy that extends beyond LinkedIn. The good news is that it is relatively easy to determine if other platforms such as Facebook, Instagram, and Tik Tok will work for...

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07 Sep
Chapter News

EU Commission proposes full suspension of Visa Facilitation Agreement with Russia

Today, the Commission is proposing to fully suspend the EU's Visa Facilitation Agreement with Russia. A country like Russia, waging a war of aggression, should not qualify for visa facilitations as long as it continues conducting its destructive foreign policy and military aggression towards Ukraine, demonstrating a complete disregard to the international rules-based order. The suspension is in response to increased risks and threats to the Union's security interests and the national security of the Member States as result...

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07 Sep
Member News

TABS TALK: September 2022

As usual in our bi-monthly digital business update, we have collected interesting topics relevant to your U.S. subsidiary, such as information about taxes, legislation, HR matters, and more. Tax News Corporate Income Tax (CIT) Filing Deadline Approaching If you requested a tax extension for your CIT 2021 last April, your tax return will be due on October 17, 2022. State income tax due dates typically follow the federal deadline. New Sales and Use Tax Rates in CA Operative October 1, 2022 The state of...

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