17 May
Member News

Loyens & Loeff | EU Tax Alert 194

The new edition of the EU Tax Alert is available. With this publication we would like to keep you informed about the latest developments on EU tax law. We have summarised the highlights of this edition below. CJ’s judgment on whether Belgian legislation requiring digital platforms to provide relevant information on tourists accommodation establishments is in line with EU law (Airbnb Ireland v Région de Bruxelles-Capitale, C-674/20) On 27 April 2022, the CJ published its judgment in the Airbnb case (C-674/20)...

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17 May
Chapter News

ESMA consults on notifications for cross-border marketing and management of funds

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is consulting stakeholders on the information and templates to be provided, and used by firms, when they inform regulators of their cross-border marketing and management activities under the UCITS Directive and the AIFMD. The purpose of the draft ITS and RTS is to facilitate the process for notifying cross-border marketing and management activities in relation to UCITS and AIFs. This will be achieved by defining harmonised information to be...

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17 May
Member News

Cushman & Wakefield | How Generation Z is Fueling the Demand for Multifamily

As the multifamily sector continues to grow, investors have Gen Z’s preferences in mind. With multifamily sales comprising 42% of all CRE transaction activity since the start of the pandemic, it’s no wonder multifamily has recently been dubbed “the darling” of real estate investors Generation Z is the first digitally native generation, so it's not surprising that they value high-speed internet not only more than any other amenity, but more than an any other cohort Generation Z—those born between 1997 and 2012—is...

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16 May
Chapter News

EU-US Trade and Technology Council: strengthening our renewed partnership in turbulent times

The EU and the US have today reaffirmed their close cooperation to address global trade and technology challenges in line with their shared commitment to democracy, freedom and human rights. Meeting at the second Ministerial Meeting of the Trade and Technology Council (TTC) in Paris, both parties reiterated the central role of the TTC for the renewed transatlantic partnership, which has already served to coordinate joint measures being taken by the EU and the US in face of the...

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16 May
Member News

IPTI | Update on U.S. & EU Property Tax Issues: May 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: City Council considers fat tax cut on hotels The hotel industry is still struggling to recover from the effects of the pandemic, and its lobbying group...

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16 May
Chapter News

ECB Speech | Fabio Panetta: Public money for the digital era: towards a digital euro

Keynote speech by Fabio Panetta, Member of the Executive Board of the ECB, at the National College of Ireland | Dublin, 16 May 2022 | It is a pleasure to be here with all of you today to talk about the digital euro. When we launched this project, we made it clear that this is a common European enterprise. Our collective effort is key to the preparation and eventual success of a digital euro. I would like to take this opportunity to...

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16 May
Chapter News

Joint Statement by President von der Leyen and President Biden on the meeting of the Trade and Technology Council

At our June 2021 US-EU Summit, we established the US-EU Trade and Technology Council (TTC) to shape the rules of the road for a 21st century economy, and for rapidly evolving digital and emerging technology. In less than a year, the TTC has become a pillar of transatlantic cooperation, particularly in growing our bilateral trade and investment relationship; resolving existing and avoiding new barriers to trade while countering non-market, trade distortive practices; and in our united response to Russia's...

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16 May
Member News

Loyens & Loeff | European Commission proposes a debt-equity bias reduction allowance (DEBRA)

On 11 May 2022, the European Commission published a Directive proposal to tackle the tax bias in favour of debt funding. The proposal includes both a notional deduction on growth in equity and an additional limitation on interest deduction for corporate income tax (CIT) purposes – “DEBRA proposal”. The DEBRA proposal applies to all taxpayers, which are subject to CIT in one or more member states, save for certain financial undertakings. The proposed date of entry into effect is 1...

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13 May
Member News, New York Related News

FTI Consulting | What’s Next for Climate Risk Management?: Top Tips for Insurers to Address NY DFS’s Climate Guidance

Insurers, state and federal financial regulators are coping with the impact of climate change and the increasing risk it presents to the safety and soundness of financial institutions and to the stability of financial systems. The ever-increasing regularity and gravity of extreme weather-related events such as rapid swings in temperatures, tornadoes in the Midwest, wildfires in California, hurricanes in the Gulf Coast, and others have resulted in greater regulatory focus on climate-related risks for many sectors, including the insurance...

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13 May
Chapter News

EU Commission welcomes political agreement on new rules on cybersecurity of network and information systems

The Commission welcomes the political agreement reached today between the European Parliament and EU Member States on the Directive on measures for a high common level of cybersecurity across the Union (NIS 2 Directive) proposed by the Commission in December 2020. The existing rules on the security of network and information systems (NIS Directive), have been the first piece of EU-wide legislation on cybersecurity and paved the way for a significant change in mind-set, institutional and regulatory approach to cybersecurity in...

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