On May 30, 2019, President Trump announced that effective June 10, 2019, all goods imported into the U.S. from Mexico will be subject to an additional duty of 5% ad valorem. This is in addition to the regular duties which are normally applicable to the goods. The President invoked his authority under the International Emergency Economic Powers Act to impose the tariff, stating that the measure was necessary to address the “illegal migration crisis” at the U.S. southern border....

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By Andy Baldwin, Hanne Jesca Bax & Marc Lhermitte | EY The EY Europe Attractiveness Survey 2019 examines the region’s attractiveness as a foreign direct investment (FDI) destination, bringing priorities for Europe into sharp focus. Our report analyzes the level of foreign investment into Europe and gathers the views of over 500 international business leaders on the most important factors that will improve Europe’s attractiveness for investment prospects. Our findings reveal that, relative to other regions around the world, Western...

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The Toy Association opposes President Trump’s plan to impose escalating tariffs, starting at 5 percent, on all U.S. imports from Mexico as a retaliation against the country’s immigration enforcement actions. “While Congress and the administration together must act to fix our broken immigration system, a further misuse of tariffs now focused on Mexico is the wrong approach,” said Steve Pasierb, president and CEO of The Toy Association. “As with China Section 301 tariffs, this amounts to nothing more than a tax with...

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By Stephanie De Smedt | Loyens & Loeff On 28 May 2019, the Data Protection Authority (DPA) imposed its first administrative fine under the GDPR . A mayor was fined 2,000 EUR for misusing personal data for electoral campaign purposes. The DPA noted that while the fine is modest, the message is not: all data controllers must take their responsibility, most certainly those who hold a public mandate. The case: sending of personalized e-mail by a government representative The DPA received a...

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On 31 May 2019, the OECD published its programme of work for developing a solution to the tax challenges arising from the digitalisation of the economy (Programme of Work). The Programme of Work will explore technical issues in line with the ‘two-pillar’ approach set out in the OECD policy note of 29 January 2019 (see our tax flash here) and the OECD public consultation document of 13 February 2019 (see our tax flash here). Pillar One seeks to develop new profit allocation...

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