Member News, New York Related News

Member Commentary: FinTech Fatigue? How Best Can Small Firms Really Change Financial Services

Blog by Feargal O'Sullivan, Chief Executive Officer, USAM Group (An EACC NY Member company) Banks and Brokerages talk a lot about all the new technology they’re working on, but in many ways, they seem to be actually holding change back, not ushering it in. FinTech is supposed to be changing the world of finance, so why do we still get checks, and why do they still take three days to clear? Financial Services was one of the first industries to embrace, and benefit...

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Chapter News

An EU budget fit for tomorrow: Commission opens debate on future of EU finances

Europeans expect their Union to do more. At a time when the EU is doing more than ever before to protect, empower and defend its citizens, resources continue to be stretched at the seams. As Europe decides on its future, the EU needs a budget that is fit for purpose and makes every euro work for its citizens. Published today, the Commission's reflection paper on the future of EU finances looks at the options to make that a reality. The issues...

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Member News, New York Related News

Update on Property Tax Issues: IPTI June 2017

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep members up to date with the latest developments in property taxes both 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). European View As far as Europe is concerned, this month’s report includes articles on Greece, Ireland, Israel and the United Kingdom. There is a separate IPTI report on...

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Member News

DS-Concept: Announces Trade Finance Facility For High-Growth Toy Manufacturer In Texas

DS-Concept has provided a $3 million non-recourse factoring facility to a high-growth licensed toy manufacturer. The company is using DS-Concept’s factoring facility to expedite cash flow and facilitate its penetration into new overseas markets. As a seasonal business experiencing increasing demand from retail stores, the company saw DS-Concept as a better option than a traditional bank because of their ability to accommodate for growth and seasonality. The company, based in Texas, is a licensed manufacturer and distributor of several well-known...

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Chapter News

The European Commission has fined Google €2.42 billion for breaching EU antitrust rules

The European Commission has fined Google €2.42 billion for breaching EU antitrust rules. Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service. The company must now end the conduct within 90 days or face penalty payments of up to 5% of the average daily worldwide turnover of Alphabet, Google's parent company. Commissioner Margrethe Vestager, in charge of competition policy, said: "Google has come up with many...

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Member News

Bodhala News: Need Biglaw To Get To alt.legal? (Raj Goyle Didn’t)

Meet Harvard Law grad Raj Goyle, a high-end lawyer turned legal entrepreneur who never bothered with Biglaw Happy summer to all you lawyers out there — billing Biglaw hours, while searching for a better way. Today, I offer a glimmer of hope to associates wearing the golden handcuffs, and the law students who haven’t tried them on yet! While I have fond memories of my old firm, there is no question that life as a Biglaw associate is really really...

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Chapter News

Cecilia Malmstrom: Trade, Empowering Women

The EU is committed to gender equality and sustainable development. These values are in our DNA, in our founding principles, and they should be a natural part of our trade policy as well. For me, trade is about being open: About broadening horizons and opportunities, about bringing down barriers and empowering people. That means that we want more women involved in the labour market here in Europe, and we want to support women's economic independence around the world. Trade and...

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Brexit News, Member News

“Happy” 1st Birthday Brexit: What have we learned?

A year ago today, on 23 June 2016, 33 million people went to the polls in the UK and Gibraltar to decide whether to remain in or leave the European Union. Some 52% voted in favour of leaving and so began an extraordinary and uncertain process. A year on, it is fair to ask three simple questions: What have we learned? How has EU law been affected? What are the implications for business? The short answers are: we have learned very little;...

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Brexit News, Member News

May offers EU citizens to remain in Britain post-Brexit

British Prime Minister Theresa May met EU leaders yesterday at the first of a two-day summit where she presented a ‘’fair and serious’’ offer that would grant the 3 million EU citizens living in Britain guaranteed rights. With negotiators on both sides addressing the most pressing issues of citizens’ rights, Britain’s debt obligation and the Irish border before discussing any future trade arrangements, Ms. May was eager to make a speedy resolution on the rights of EU & UK...

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Chapter News

Europe’s shrinking middle class

In the follow blog piece, originally posted on Social Europe, Carlos Vacas-Soriano and Enrique Fernández-Macías look at evolution of household disposable real income levels over the period 2004-2013, and the broader phenomenon on Europe's shrinking middle class. The Great Recession depressed real income levels across European countries. But the impact was very unequal across countries and income groups. Countries in the European periphery have been more affected than those in the core, halting the process of income convergence between European countries...

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