27 Aug
Member News

Vulcan Insight | The latest EU developments

Tax - the elephant in the room on President Macron's visit to Dublin Yesterday, French President Emmanuel Macron was welcomed to Ireland on his first official visit to the State since taking office in 2017. The day commenced at Áras an Uachtaráin where the President was welcomed by President Michael D. Higgins and where he noted Ireland’s place “at the heart of the European dream.” The President then travelled to Government Buildings for a working lunch with the Taoiseach Micheál Martin. Keep...

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25 Aug
Chapter News

ECB Interview | The greatest challenge of the 21st century

Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Carla Neuhaus on 17 August and published on 20 August 2021 | Ms Schnabel, do you see the images of the catastrophic floods in Germany or the forest fires in Greece as a sign that the ECB should also do something to counter climate change? For me, the latest events have confirmed that we are doing the right thing with our new strategy. Only recently we decided...

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25 Aug
Member News

MHC | Ireland: We’re All Going on our Summer Holidays – What Happens When We Get Back?

Introduction The Government’s advice surrounding non-essential foreign travel changed on 19 July 2021.  While staycations are more common than ever before, foreign holidays are back on the agenda. The new advice is to travel safely and in accordance with the latest public health guidance. As restrictions ease and with some businesses starting to plan a staggered return to the workplace, it will be challenging for employers to navigate employees returning from holidays abroad this summer. This is made more difficult...

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25 Aug
Member News, New York Related News

Littler | NYC Mandates Retirement for All

New York City employers that do not offer their own retirement savings plans to employees will soon be required to do so. Two recently enacted New York City laws (Bill Nos. 888-A and 901-A, collectively the “Retirement Security for All” acts), will require private-sector employers with five or more employees to enroll eligible New York City employees in either their own plan or in a city-managed retirement savings plan. Who is Covered? A covered employer is any person or entity that employs five or more...

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24 Aug
COVID-19 News, Member News

RPJ Law | Ring of Keys: NYC’s Proof of Vaccination Program

On August 17, 2021, the Key to NYC program, which requires proof of vaccination for indoor activities in New York City, including attending theatrical and other performing arts events, went into effect.  Under the program, individuals age 12 and older are required to show proof that they have received at least one dose of a COVID-19 vaccine in order to attend not only NYC-based performing arts, but all indoor activities, including restaurants and bars, as well as movie theaters, bowling alleys,...

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23 Aug
Chapter News

FTC Alleges Facebook Resorted to Illegal Buy-or-Bury Scheme to Crush Competition After String of Failed Attempts to Innovate

Agency’s amended complaint details how the monopolist survived existential threats by illegally acquiring innovative competitors and burying successful app developers Today, the Federal Trade Commission filed an amended complaint against Facebook in the agency’s ongoing federal antitrust case. The complaint alleges that after repeated failed attempts to develop innovative mobile features for its network, Facebook instead resorted to an illegal buy-or-bury scheme to maintain its dominance. It unlawfully acquired innovative competitors with popular mobile features that succeeded where Facebook’s own offerings fell...

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23 Aug
Member News

Jaguar Freight | Long Beach Expansion Takes on Congestion Chaos

From worsening port congestion, to the Long Beach Container Terminal expansion, to the Port of Ningbo’s phased reopening, to post-Brexit trade imbalances, to DFW Airport’s new infrastructure plans, it’s time for The Weekly Roar. Increasing port congestion at Asian and North European terminals on both sides of the tradelane is quickly diminishing any remaining hopes of seeing a recovery in global carrier schedule reliability any time soon. According to The Loadstar, “Asia-North Europe loops with a pro-forma round-trip transit time of around...

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20 Aug
Member News

IPTI | Artificial Intelligence – Use in Property Tax Valuations

The International Property Tax Institute (IPTI) was commissioned by the Property Valuation Services Corporation (PVSC) of Nova Scotia, Canada to carry out research into the potential that artificial intelligence (AI) offers in relation to the preparation of valuation assessments for property tax purposes. IPTI’s research culminated in the preparation of a White Paper entitled “The Potential of Artificial Intelligence in Property Assessment” which has been peer reviewed by a panel of eminent international experts and is now being published for...

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20 Aug
Chapter News

Mergers: EU Commission starts investigation for possible breach of the standstill obligation in Illumina / GRAIL transaction

The European Commission has decided to open an investigation to assess whether Illumina's decision to complete its acquisition of GRAIL, while the Commission's in-depth investigation into the proposed transaction is still ongoing, constitutes a breach of the “standstill obligation” under Article 7 of the Merger Regulation. The standstill obligation prevents the potentially irreparable negative impact of transactions on the market, pending the outcome of the Commission's investigation. This investigation is separate from the Commission's in-depth investigation into the substance...

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20 Aug
Member News

RSM | G20 and OECD: The future of the global tax system

The OECD recently issue a Statement on a “Two Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy”. The OECD/G20 Inclusive Framework, agreed to by more than 130 countries is the OCED’s and G20’s vision for the international tax future. There are two aspects (referred to as “Pillars”): Pillar One - A fairer distribution of profits and taxing rights via reallocation to markets where certain large multinational enterprises (“MNE’s”) have business activities and earn profits,...

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