Member News, News

The White House Announces Tariffs for Steel and Aluminum Imports

Greenberg Traurig - On March 8, 2018, President Trump signed two proclamations imposing tariff rates of 25 percent and 10 percent on imports of certain steel and aluminum products, respectively, pursuant to Section 232 of the U.S. Trade Expansion Act of 1962. These tariff rates will come into effect March 23, 2018, and will be applied in addition to any other duties, fees, and charges applicable to covered products. Country Exemptions President Trump’s proclamations provide for the temporary exclusion of steel and...

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Chapter News

Funding Europe’s future: EU’s post-2020 budget must match policy goals

EU should boost research programmes, support to young people and small firms EU long-term budget should fund new priorities as well as modern, sustainable farming and development of Europe’s poorest regions Partly replace member states’ GNI-based contributions with new revenue resources MEPs have set out their position on the next long-term EU budget, which should finance new priorities as well as make up for any shortfall caused by Brexit. The European Parliament adopted two resolutions on the expenditure and revenue...

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Member News, News

The advances—and disruptions—of space commercial communications over the next five years

AlixPartners - The business world changes rapidly, but the space industry changes at warp speed. What will that future look like for space commercial communication? Setting aside military applications, space tourism, and asteroid mining because those other industries have such different dynamics, we have six predictions – and recommendations for how companies can position themselves for success. Read the full report here. Compliments of AlixPartners - a member of the EACC in New York.

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Chapter News

Improving cross-border parcel delivery to boost buying online

Clearer information on the prices of parcel delivery services should help to increase consumer confidence in cross-border shopping and shipping. The new rules approved by the European Parliament with 604 in favour, 80 against, and 12 abstentions, are part of the e-commerce package. Parcel delivery service providers will be required to provide their tariffs for a predefined list of most used services. The Commission will publish the prices on a dedicated website to enable consumers and businesses to compare domestic and cross...

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Member News

EACC Insights: Country Spotlight on Slovenia

About The Republic of Slovenia: The Republic of Slovenia lies at the heart of Europe, where the Alps and the Mediterranean meet the Pannonian plains and the mysterious Karst. In Slovenia, the sun shines approximately 2,000 hours per year. And there is plenty of snow in winter. Green is the dominant color with many woods and forests covering more than half of the country – and numerous preserved and protected plant and animal species. Slovenia makes a great tourist destination. The country...

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Member News, News

New EU Mandatory Disclosure Rules for intermediaries applying to cross-border tax advice and circumvention of reporting obligations

Loyens & Loeff -  On 13 March 2018, the Council of the European Union reached political agreement on a Council Directive (“Directive”) introducing mandatory disclosure rules for intermediaries such as lawyers, accountants and tax advisers. Intermediaries must report potentially aggressive tax planning arrangements with a cross-border dimension as well as arrangements designed to circumvent reporting requirements like CRS and UBO reporting. EU Member States’ tax authorities will exchange the information automatically within the EU through a centralized database. The reporting obligation...

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Member News, News

DOL Launches Payroll Audit Independent Determination (PAID) Program to Promote Self-Reporting and Early Resolution of Wage and Hour Claims

Littler - On March 6, 2018, the U.S Department of Labor's Wage and Hour Division announced its new Payroll Audit Independent Determination (PAID) program. Initially being rolled out as a six-month pilot program, PAID provides employers with a unique opportunity—and indeed, motivation—to proactively address potential wage and hour underpayments under the Fair Labor Standards Act (FLSA) while simultaneously helping to protect themselves against litigation threats from the DOL and individual employees. While the details of the PAID program are yet...

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Member News, News

Philips Lighting’s new innovations make switching to LED lighting even easier

Philips Lighting - Philips Lighting (Euronext: LIGHT), the world leader in lighting, today announced two new innovations, the Philips TrueForce LED Road and the Philips CorePro LEDtube Universal T8. Philips TrueForce LED Road is the world's first 'plug and play' replacement SON-T LED lamp for street lighting, making it easy to upgrade existing installations to LED without having to replace the luminaire. The Philips CorePro LEDtube Universal T8 is a breakthrough range of affordable tubes for trade customers, making tube...

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Member News, News

OFAC Highlights Deceptive Practices by Sanctions Evaders and Suggests Heightened Due Diligence Expectations

Richards Kibbe & Orbe - As U.S. economic sanctions have tightened, sanctioned countries, entities and individuals are engaging in increasingly sophisticated practices to evade their impact.  Recent reports in the media and by U.S. regulators have described complicated sanctions evasion schemes involving false documentation, front companies and other deceptive trade practices which appear to have succeeded in luring otherwise innocent U.S. parties into prohibited transactions.  In this alert, RK&O attorneys Michael D. Mann and Jamie A. Schafer review recent developments and OFAC's...

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Member News, News

EACC Insights: Will AI cause the Death of the Recruiting Industry?

by Len Adams, ACG Resources/Adams Consulting Group, LLC There has been great hype recently about artificial intelligence and its application to the recruitment process. Much has been written about the potential for the recruitment function to be replaced by AI. Artificial Intelligence (AI) is being touted as the wave of the future, allowing HR and hiring managers to quickly narrow down their received resumes to just a few qualified candidates based on AI “learning” what their hiring criteria and jobs require. While...

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