Chapter News

European Commission on the decision by the Swiss Federal Council to terminate the negotiations of the EU-Swiss Institutional Framework Agreement

Statement by the European Commission on Swiss decision to terminate IFA negotiations The Swiss Federal Council took the decision to terminate the negotiations of the EU-Swiss Institutional Framework Agreement. We take note of this unilateral decision of the Swiss Government. We regret this decision, given the progress that has been made over the last years to make the Institutional Framework Agreement a reality. The EU-Swiss Institutional Framework Agreement was intended as the foundation to enhance and develop EU-Swiss bilateral relations for the future....

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Member News

EXEO Attorneys | Immigration U.S. & Canada Weekly Update, June 1

This week’s newsletter provides an overview of notable changes in Canadian and American immigration over the month of May, including all measures directly related to the COVID-19 pandemic. Here is the latest news as of June 1, 2021. CANADA Canada-U.S. border closure extended until at least June 21st, 2021 Canada’s international and U.S. border restrictions have been extended for another month for all non-essential travel, until at least June 21st, 2021. Essential travel remains exempt, including travel for trade shipments, essential workers,...

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Member News

Marks Paneth | President Biden’s FY 2022 Budget Request Proposes Significant Revenue Producing Tax Changes

The $6 trillion FY 2022 Budget Request released by President Joe Biden on May 28, 2021, calls for tax changes that impact individuals and corporations. Many of the changes were proposed earlier this year in various plans, including the Made in America Tax Plan, the American Families Plan and the American Jobs Plan. It is important to note that a president’s budget request is exactly that – a request that Congress will evaluate as implementing legislation is considered. The president’s proposals will...

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Chapter News

OECD sees brighter economic prospects but an uneven recovery

Watch the live webcast of the press conference Prospects for the world economy have brightened but the recovery is likely to remain uneven and, crucially, dependent on the effectiveness of public health measures and policy support, according to the OECD’s latest Economic Outlook.  In many advanced economies more and more people are being vaccinated, government stimulus is helping to boost demand and businesses are adapting better to the restrictions to stop the spread of the virus. But elsewhere, including in many emerging-market...

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Chapter News

OECD Ministers launch new initiative for safe international travel

OECD Ministers have endorsed a new initiative to promote safe international travel during the COVID-19 pandemic at the OECD’s annual Ministerial meeting in Paris. The Initiative involves a safe travel blueprint and a temporary international cross-sectoral forum for knowledge sharing. The forum will allow governments and stakeholders to share information in real time on plans and approaches facilitating travel. The blueprint promotes greater certainty, safety and security in travel as reopening takes place. It builds on existing initiatives and aims...

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Chapter News

Green light from all member states for EU recovery spending

The Council has received formal notifications about the approval of the own resources decision from all 27 member states. National ratifications being completed, the EU can now start making available funds under the Recovery and Resilience Facility. With a financial envelope of €672.5 billion, the facility is the central part of Next Generation EU, the EU instrument for economic recovery from the COVID-19 pandemic. After adopting the own resources decision on 14 December 2020, the EU Council completed the list of received formal notifications on 31...

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Member News

Troutman Pepper | IRS Issues Guidance on Federally Funded COBRA Premium Subsidy: FAQs and What You Need to Know

Who Needs to Know Employers. Why It Matters On March 25 and April 15, Troutman Pepper reported on the 100% federally funded COBRA premium subsidy included in the American Rescue Plan Act (ARPA), noting the need for additional guidance on a number of issues. On May 18, the Internal Revenue Service (IRS) issued Notice 2021-31, in the form of 86 FAQs, providing much needed guidance on the implementation and administration of the COBRA premium subsidy and refundable premium assistance tax credit. On March...

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Chapter News

Mathias Cormann takes office as OECD Secretary-General

Mathias Cormann took office today as the sixth Secretary-General of the OECD. Ministers and senior officials of the Organisation’s 38 Member countries and outgoing Secretary-General Angel Gurría welcomed Mr Cormann in a handover ceremony at the OECD Headquarters in Paris during Part I of the two-part 2021 Meeting of the OECD Council at Ministerial Level (MCM). “I am deeply honoured and humbled by the trust and confidence you have shown in appointing me as your OECD Secretary-General. I am ambitious for the...

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Chapter News, COVID-19 News

Coronavirus: EU Commission proposes update to coordinated travel measures ahead of the summer

Today, the European Commission has proposed an update to the Council Recommendation on the coordination of free movement restrictions in the EU, which were put in place in response to the COVID-19 pandemic. As the epidemiological situation is improving and vaccination campaigns are speeding up all over the EU, the Commission is proposing that Member States gradually ease travel measures, including most importantly for the holders of the EU Digital COVID Certificate. The Commission has also proposed to update the common criteria...

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Chapter News

EU Digital COVID Certificate: EU Gateway goes live with seven countries one month ahead of deadline

Today, the EU Digital COVID Certificate has reached another important milestone with the go-live of the technical system at EU level, which allows to verify certificates in a secure and privacy-friendly way. The EU certificate was proposed by the Commission to resume safe travelling this summer. It will be free of charge, secure and accessible to all. Available in digital format or on paper, it will be a proof that a person has been vaccinated against COVID-19, tested negative, or recovered from an...

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