Tradewind has announced that it has provided a $500,000 non-recourse export factoring facility to a leading designer, manufacturer, and exporter of technical tubes and hoses based in Spain. The company, whose products are used in the industrial, agricultural, construction, and gardening sectors, sells domestically and exports to countries throughout Europe. It will apply proceeds from the facility to fund the working capital needs of its tubing business so it can maximize growth abroad. Although the company was equipped with the...

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The Toy Association’s Board of Directors Nominating Committee, chaired by John Gessert, president and CEO of American Plastic Toys, today announced the final slate of nominees to serve on the Association’s Board of Directors for two-year terms beginning in February. The new board members will participate in their first formal board meeting in June.  The Committee chose to fill four of a total five open board seats.  The 2019-2021 nominees, all representing manufacturers are: John Frascotti, president and COO, Hasbro; ...

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By Philip Nolan | Mason Hayes & Curran The rise of internet-based communications has complicated the ability of law enforcement to gather evidence in criminal investigations. Compounding the problem is the fact that technology companies often store users’ data at a great distance from the physical location of their customers. As a result, when law enforcement is investigating crimes with a cross-border element, their powers are often curtailed by outdated or prolonged cooperation mechanisms. With many technology companies’ EU or EMEA headquarters located...

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VULCAN VIEW - KEY EVENTS THIS WEEK: May holds on to her Brexit DealIt took all of thirteen minutes for Theresa May to present her Plan B to the House of Commons on Monday and there was little evidence of a change of approach from her government. The PM made it very clear that she wouldn’t allow for the option of a second referendum to be held. Throughout the week there have been cross-party talks to find a consensus with members...

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The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org).   USA New York: Understanding NY’s Property Taxes Whether people like it or not, taxes are necessary, and it is particularly true in the case of property tax. Local...

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By  BRUNO GASPAROTTO | SOPHIE WEYTEN | NICOLAS CONRAD | CLAIRE SCHMITT On 18 January 2019, the Luxembourg VAT authorities published a new Circular (N°790), which clarifies the provisions of article 28, §3, of the VAT Law on transfer pricing and VAT. In this respect, in a supply between closely related parties, for which the agreed or charged fee value is different from the normal value of the operation, the VAT base will be constituted by the normal value of the operation (fair market...

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