21 Jun
Chapter News

Commission forges ahead on new transparency rules for tax planning intermediaries

Commission forges ahead on new transparency rules for tax planning intermediaries The European Commission has today proposed tough new transparency rules for intermediaries - such as tax advisors, accountants, banks and lawyers - who design and promote tax planning schemes for their clients. Recent media leaks such as the Panama Papers have exposed how some intermediaries actively assist companies and individuals to escape taxation, usually through complex cross-border schemes. Today's proposal aims to tackle such aggressive tax planning by increasing scrutiny...

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20 Jun
Member News

USCIS Adopts Matter of I-Corp and What it Means for L-1B Visas

BY MICHELLE WHITE AND JOE CURTIS ON JUNE 13, 2017 The U.S. Citizenship and Immigration Services (USCIS) recently issued a policy memorandum directing USCIS personnel to adopt the Administrative Appeals Office’s (AAO) reasoning in Matter of I-Corp. Specifically, pursuant to Matter of I-Corp., USCIS is directed to deny visa petitions that are based on an illegal or otherwise invalid or unenforceable employment agreement.  Matter of I-Corp. pertained to the denial of a petition for an L-1B visa on the grounds that the evidence...

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20 Jun
Member News

Nauta Dutilh: Modernisation of Luxembourg Company Law: Convertible Debt Instruments

The Act of 10 August 2016 modernising Luxembourg company law and amending the Act of 10 August 1915 on commercial companies (the "Act") has clarified the rules applicable to the issuance of convertible debt instruments. 1. General rules The issuance of convertible bonds by a Luxembourg-based company is subject to the rules laid down in Articles 84 to 94-8 of the Act. The issue documentation can, however, derogate from these rules, at the company's choosing. These rules can be applied in whole...

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20 Jun
Chapter News

What is the European Innovation Scoreboard?

The annual European Innovation Scoreboard (EIS) provides a comparative assessment of research and innovation performance and the relative strengths and weaknesses of national research and innovation systems. It covers the EU Member States as well as Iceland, Israel, the Former Yugoslav Republic of Macedonia, Norway, Serbia, Switzerland, Turkey, and Ukraine. On a more limited number of globally available indicators, the EIS also rates Australia, Brazil, Canada, China, India, Japan, the Russian Federation, South Africa, South Korea, and the United...

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19 Jun
Chapter News

French Election: A Break Down of the Big Winners and Losers

General comments 577 seats renewed at the National Assembly, the most important chamber of the French Parliament; The second round confirms the solid victory of President Macron’s party, La République En Marche (LREM), although slightly below the latest forecast, with a total of 350 seats obtained by its candidates and those of the ally party Modem, representing more than 60% of the National Assembly. This absolute majority should allow the new President to adopt his forthcoming reforms. The center-right...

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19 Jun
Brexit News, Member News

Brexit Begins: What you Need to Know Today

Conservative-DUP Coalition heightens uncertainty over Brexit outcome   Last week’s remarkable UK General Election result that brought about a hung parliament has only added to the greater level of anxiety around the EU over how Britain’s exit negotiations will proceed. Prime Minister Theresa May is in a weekend position, given that she lost her overall majority and will now seek to govern through a confidence and supply agreement with the Democratic Unionist Party (DUP).   Discussions between the two parties are still...

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19 Jun
Chapter News

EIB and BNL Gruppo BNP Paribas provide EUR 250m for SMEs, midcaps and public entities

The European Investment Bank (EIB) has provided BNL Gruppo BNP Paribas with a total of EUR 250m via two new agreements to finance SMEs and public entities on a local and national level, as well as midcap companies for research and innovation projects.  The contracts include in particular:  financing of EUR 200m that can be used either by SMEs (businesses with fewer than 250 employees) or – for a maximum share of 30% – by publicly-owned companies of any size;  financing of EUR 50m...

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16 Jun
Chapter News

Talking Globalisation in Paris

June 8, 2017 -    How can we shape and respond to globalisation? This question has become increasingly important as today, local issues are increasingly global and vice versa. We now see an ongoing vivid and welcome public debate about the effects and causes of globalisation. Today, I am in Paris to take part in the OECD Ministerial Council meeting, which this year carries the headline "Making globalisation work ". The goal of the meeting is to explore policies that can result...

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15 Jun
Chapter News

Christine Lagarde: Millennials and the Future of Work

While millions of young people enter the labor market every year, the chance of landing a traditional full-time job with benefits are getting slim. Global youth unemployment is on the rise and many young people are opting to work in what’s known as the sharing economy. In this podcast, IMF Managing Director Christine Lagarde shares her thoughts about policies that might help today’s youth better adapt to the changing nature of work. Read Christine Lagarde’s Straight Talk about millennials and the...

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15 Jun
Member News

Government of Canada launches the Global Skills Strategy

Fast application processing, enhanced customer service now available for companies    When companies in Canada can thrive and grow, they create more jobs. The Government of Canada’s new Global Skills Strategy will give employers a faster and more predictable process for attracting top talent and new skills to Canada, creating economic growth and more middle-class jobs for Canadians.  Today, Immigration, Refugees and Citizenship Minister Ahmed Hussen, Innovation, Science and Economic Development Minister Navdeep Bains and Rodger Cuzner, Parliamentary Secretary to the Minister...

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