03 Dec
Member News, Trade & TTIP Related

Faegre Drinker | Looking Ahead to a Biden Administration, the EU Unveils Blueprint for Enhanced United States-EU Cooperation

With less than 50 days before the inauguration of President-elect Joe Biden, the European Union has — in hopes of, in part, curing bilateral trade tensions and “unilateral tendencies” that have recently tested the United States-EU trade relationship — set forth a policy roadmap (and, perhaps, an olive branch) for renewing the trans-Atlantic partnership. How receptive the incoming Biden administration will be to this overture remains to be seen, especially given President-elect Biden’s recent statements that he intends to...

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03 Dec
Chapter News, COVID-19 News

OECD tax revenues fall slightly before the COVID-19 pandemic, but countries face much larger decreases ahead, particularly from consumption taxes

December 03, 2020 | Tax revenues fell across the OECD for the first time in a decade during 2019, but a much larger decrease is expected in 2020 as the COVID-19 pandemic drives down economic activity and consumption tax revenues, according to new OECD research published today. The 2020 edition of the OECD’s annual Revenue Statistics publication shows that the average tax-to-GDP ratio has fallen to 33.8% in 2019, a decrease of 0.1 percentage points since 2018. This was due to decreases...

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03 Dec
Member News

NautaDutilh | Celebrate the Holiday Season and Plant a Tree

Today in New York, the Tree at Rockefeller Center will be lit, kicking off the 2020 holiday season. This year we will be watching the lighting from home, as we imagine many of you will too. As an alternate celebration of the Tree Lighting, we took a day off to participate in a tree planting event with One Tree Planted. It was a rewarding experience - and one we'd like to share with you. We will not ask you to get...

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03 Dec
Member News

Stibbe | The next 5 years: European Commission launches New Consumer Agenda

Despite the ongoing COVID-19 pandemic, the European Commission is already looking ahead to set its consumer protection priorities for the next five years. Key points in the New Consumer Agenda include equipping consumers with better information on product sustainability, digital transformation, effective enforcement, safety concerning products ‘made in China’ and protecting particularly vulnerable consumers such as children, older people or those with disabilities. The New Consumer Agenda is a follow-up to the 2018 New Deal for Consumers. On 13 November 2020, the Commission...

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03 Dec
Chapter News, Trade & TTIP Related

EU Commission | A new EU-US agenda for global change

Joint communication to the European Parliament, the European Council and the Council | December 02, 2020 | 1.      Introduction The relationship between the European Union and the United States is unique and built on shared history, shared values and shared interests. The transatlantic partnership was born of a promise of collective peace, progress and prosperity. After the Second World War, the Marshall Plan helped rebuild Europe’s communities and economies. The North Atlantic Treaty Organisation (NATO) ensured our collective security. Together, Europe...

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02 Dec
COVID-19 News, Member News

EACCNY “Post-Pandemic Labor Law” Series | Managing staffing short of cost-cutting in Europe and the United States

With the help of our members, we are creating a Thought-Leadership series on the impact of COVID-19 on Labor & Employment from the perspective of both sides of the Atlantic. Today, we present Deborah S. Brenneman, Partner at THOMPSON HINE LLP in Ohio, along with Gijs van Nes, Partner & Naud van Doorn, Associate both at NAUTADUTILH in Amsterdam, The Netherlands, who will address “Managing staffing short of cost-cutting in Europe and the United States”. | As the end of the Covid-19...

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02 Dec
Chapter News

OECD | Governments should strike a balance between encouraging philanthropy through tax support and ensuring effective public policy

November 26, 2020 | Governments should continue providing support to the philanthropic sector while taking steps to safeguard tax systems and ensure that the activities of philanthropic organisations continue to align with the public interest, according to a new report from the OECD. Taxation and Philanthropy reviews the tax treatment of philanthropic entities and charitable donations in 40 countries worldwide. The report points out the significant impact of philanthropy – the non-profit sector represents as much as 5% of GDP in many...

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02 Dec
Chapter News, Trade & TTIP Related

EU-US: A new transatlantic agenda for global change

The European Commission and the High Representative are today putting forward a proposal for a new, forward-looking transatlantic agenda. While the past years have been tested by geopolitical power shifts, bilateral tensions and unilateral tendencies, the victory of President-elect Joe Biden and Vice-President-elect Kamala Harris, combined with a more assertive and capable European Union and a new geopolitical and economic reality, present a once-in-a-generation opportunity to design a new transatlantic agenda for global cooperation based on our common values, interests...

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02 Dec
Chapter News

IMF | How Artificial Intelligence Could Widen the Gap Between Rich and Poor Nations

New technologies like artificial intelligence, machine learning, robotics, big data, and networks are expected to revolutionize production processes, but they could also have a major impact on developing economies. The opportunities and potential sources of growth that, for example, the United States and China enjoyed during their early stages of economic development are remarkably different from what Cambodia and Tanzania are facing in today’s world. Our recent staff research finds that new technology risks widening the gap between rich and poor countries by...

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01 Dec
Chapter News, COVID-19 News

Coronavirus: EU Commission approves contract with Moderna to ensure access to a potential vaccine

On November 25, 2020, the European Commission approved a sixth contract under the EU Vaccines Strategy, this time with the pharmaceutical company Moderna. The contract provides for the initial purchase of 80 million doses on behalf of all EU Member States, plus an option to request up to a further 80 million doses, to be supplied once a vaccine has proven to be safe and effective against COVID-19. The contract with Moderna will enlarge the already broad portfolio of vaccines...

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