24 Nov
Member News

IWTA | Three Key Tax Implications of the Biden Administration’s New Infrastructure Bill

Part One The long-awaited infrastructure proposal was approved by Congress late last week and has been signed into law by President Joe Biden. As part of the President’s mission to “build back better,” the proposal is a considerable investment in the country’s infrastructure. And while not as large as once envisioned — originally, it was $3.5 trillion — it is still a substantial amount at $1.2 trillion. Funding for the Infrastructure Bill will come from a few sources. Following are some of...

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23 Nov
Member News

Global Capital Finance | Current Renewable Energy Developments in the U.S. Market

COP26 has once again placed the United States front and center regarding the global focus to reduce emissions. As of today, the United States remains the second largest emitter of CO2 and the largest of the populous countries on a per capita basis. That being said, emissions in the United States have come down significantly, in total and even more so per capita, over the last few years and global warming has now become a major topic of public...

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23 Nov
Chapter News

Key Findings | Quarterly EU Economic Update: A Rocky Road to Recovery

On November 17, 2021, the European Union Delegation to the United States partnered with the European American Chamber of Commerce – New York (EACCNY) to convene a webinar to discuss how Europe’s Recovery and Resilience Facility – its largest investment package ever – will put Europe’s economic rebound on a solid footing by promoting green and digital transitions while supporting structural reforms that should boost long-term growth and productivity. The discussion explored the momentum behind the region’s economic recovery and provided analytical context to the...

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23 Nov
Chapter News

U.S. FED | Agencies issue joint statement on crypto-asset policy initiative and next steps

Federal bank regulatory agencies today issued a statement summarizing their interagency "policy sprints" focused on crypto-assets and providing a roadmap of future work related to crypto-assets. In particular, the statement describes the focus of the preliminary work conducted through the sprints undertaken by the agencies. It summarizes the agencies' plan to provide greater clarity throughout 2022 on whether certain crypto-related activities conducted by banking organizations are legally permissible, and related expectations for safety and soundness, consumer protection, and compliance with...

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23 Nov
Member News

EXEO Attorneys | Immigration U.S. & Canada, November 2021

This month’s newsletter provides an overview of recent changes in Canadian and American immigration including all measures directly related to the COVID-19 pandemic. Here are the most recent news since the beginning of the pandemic and travel restrictions as of November 23, 2021 Canadians exempt from PCR testing for travel of less than 72 hours as of November 30 Canadians travelling outside the country by air or land for less than 72 hours will be exempt from having to present a negative...

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23 Nov
Member News

GDLSK | Amendments to the Harmonized Tariff Schedule of The United States Take Effect January 1, 2022

Significant amendments to the Harmonized Tariff Schedules of the United States (HTSUS) will take effect on January 1, 2022.  These changes implement a major revision to the Harmonized System (HS) nomenclature adopted by the World Customs Organization (WCO) known as “HS 2022.”  A complete list of all the HS 2022 amendments published by the WCO is available here.  Proposed changes to the HTSUS are set forth in USITC Pub. 5171 available here.  The final version of the changes to the HTSUS...

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23 Nov
Member News

CLA | Deciding Between An Audit Or Review?

As companies  grow and move along their business life cycle, a question frequently arises as to whether the company should have an audit or review performed.  Let’s summarize the differences as well as the pro’s and con’s of both of these two types of assurance services provided by CLA and other CPA firms. Audit An audit provides the highest level of assurance, including an opinion being rendered on the financial statements.  Auditing standards require that the auditor gain an understanding of the...

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23 Nov
Member News

AlixPartners | Supply chain headaches are likely to linger longer than a holiday hangover

This holiday season is keeping retailers on their toes. On one hand, the return of somewhat normal operations and expectations that consumers are lighting up the registers are causes for celebration. On the other, getting product on shelves and in customers’ hands has been a slog due to supply chain problems and overburdened postal and delivery services. While you may be forgiven for wanting to quietly nurse your holiday hangover, this is the time to take stock, assess which of the many issues...

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22 Nov
Member News

Panitch Law | USPTO to Delay the Effective Date of the Non-DOCX Filing Fee

The USPTO has decided to delay the effective date of the non-DOCX surcharge fee from January 1, 2022 to January 1, 2023, giving applicants more time to adjust to filing their patent applications in DOCX format. We at PSBN will continue to keep you informed of all further developments on this topic. Read more below! https://eaccny.com/news/member-news/panitch-law-uspto-announces-docx-requirement-for-certain-patent-applications/ Compliments of Panitch Schwarze Belisario & Nadel LLP - a member of the EACCNY.

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22 Nov
Chapter News

ECB | Eurosystem publishes new framework for overseeing electronic payments

Framework assesses security and efficiency of electronic payments, including electronic wallets and crypto-asset-related services ECB calls for swift progress on overseeing global digital payment solutions and stablecoins Overseen companies to adhere to new principles within one year The ECB’s Governing Council has approved a new oversight framework for electronic payments following a public consultation. The framework is designed to make the current and future payments ecosystem safer and more efficient, as part of the ECB’s statutory task to promote...

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