10 Oct
Member News

EY UK Attractiveness Survey 2019: Economic disparity between the UK’s cities and towns deepens

EY's regional UK Attractiveness Survey report, in association with the Centre For Towns, reveals the stark and deepening disparity of foreign direct investment (FDI) flows into the UK, with its largest cities attracting an ever-greater share of inward investment and little signs of spillover benefit for the areas surrounding them. This joint report, which captures detailed analysis on where FDI has located across the UK’s cities, towns, communities and villages over the last twenty-one years, also points to a continued...

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10 Oct
Member News

Proof that I Am Psychic: My 2018 Prediction Coming True (Maybe)

By Joanna Massey, President & CEO, JDMA Inc. In August 2018, I predicted that we would have a recession in the U.S. in 18 to 24 months. I was writing a paper for a capital markets class at Harvard, which was part of a graduate certificate in corporate finance that I have since completed.  I have been accused by of being “bearish” for nearly two years now, as fellow Board Directors, venture capitalists and friends in finance give me the side-eye when...

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10 Oct
Member News

OECD heading beyond the arm’s-length principle without ring-fencing the digital economy

On 9 October 2019, the OECD published a proposed unified approach to reform profit allocation rules (Pillar One of its working plan to address the tax challenges arising from the digitalisation of the digital economy). This proposal builds up on prior publications earlier this year. It suggests to apply new rules for recognising a taxable nexus with market/user jurisdictions and allocating to them part of the profits of customer-facing businesses, based on a three-tier profit allocation mechanism. Unlike previous proposals,...

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09 Oct
Chapter News, News

Widening Gaps: Regional Inequality within Advanced Economies

Differences in economic performance between regions within countries can be large and sometimes even larger than between countries. For example, average real GDP per person in the United States is about 90 percent higher than in Slovakia. At the same time, within the United States, per capita GDP in the state of New York is 100 percent higher than in Mississippi. Many are concerned that these large and persistent gaps signal that regions and people are being left behind, undermining inclusive...

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09 Oct
Member News

The European Court of Justice Issues Two Important Decisions Clarifying the Scope of the Right to Be Forgotten and ISPs Liability

By: Angelo A. Stio III | Partner | Pepper Hamilton LLP and Laura Liguori |Partner | Portolano Cavallo  We routinely hear from United States citizens who want advice on how to remove photographs, newspaper articles, videos or personal information about themselves from the internet.  Whether these individuals are applying for a job or entrance into a secondary school, or they just want to maintain the privacy, people want to know how to erase their information from the web.  In...

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08 Oct
Member News

Navigating Uncertainty – The 2019 World Trade Centers Association Trade and Investment Report

The world economy is becoming more volatile and growing at a slower pace. These changes have forced businesses to make risky, complex decisions which could add costs to their operations, make them less competitive, or even render them obsolete. Yet new opportunities are emerging for those able to navigate the shifting tides. The 2019 Trade and Investment Report, produced by FP Analytics in collaboration with the World Trade Centers Association (WTCA), illuminates the sources of this uncertainty, the distinctive...

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08 Oct
Chapter News, News

Commission launches new edition of the Cultural and Creative Cities Monitor 2019

Today, the European Commission released the second edition of its Cultural and Creative Cities Monitor, a tool designed to benchmark and boost the creative and cultural potential of European cities, which is vital to driving economic growth and social cohesion. After the success of the first edition in 2017, the 2019 release presents an updated portrait of Europe's cultural and creative richness in an extended sample of 190 cities in 30 countries, including Norway and Switzerland. The Monitor was...

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08 Oct
Chapter News, News

Mediterranean and Black Seas: Commission proposes fishing opportunities for 2020

Today, the Commission has adopted its first ever proposal on fishing opportunities covering both the Mediterranean and the Black Seas. With this proposal, the Commission is delivering on the political commitments made in the MedFish4Ever and Sofia Declarations to promote sustainable management of fish stocks in the Mediterranean and the Black Seas. It reflects the Commission's efforts and ambition to ensure social and economic viability for the fishermen operating in the region by restoring and maintaining stocks at sustainable levels. “Throughout...

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07 Oct
Brexit News, Chapter News

The Difficulties with the New UK Backstop Proposals

By John Bruton, former Irish Prime Minister (Taoiseach) There is, at last, some movement in the Brexit negotiation. On the UK side, Boris Johnson previously insisted on the Irish backstop being scrapped. Now he is making proposals (unacceptable so far to the EU) to rewrite it. On the EU side, there is a movement too.  The present Agreement contains a backstop to cover the whole UK. Now the EU is apparently willing to contemplate a backstop confined to Northern Ireland (NI) alone. This...

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07 Oct
Chapter News, Trade & TTIP Related

Statement on the publication of WTO’s award in the Airbus dispute

Following the publication today of the World Trade Organization's (WTO) award regarding the amount of U.S. countermeasures in the WTO Airbus dispute, Commissioner for Trade Cecilia Malmström made the following statement: “The European Union takes note of the decision of the World Trade Organization's (WTO) arbitration panel in the Airbus case, and the level of possible countermeasures. We remain of the view that even if the United States obtains authorisation from the WTO Dispute Settlement Body, opting for applying countermeasures now would be...

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