News | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources

05 Jan

Governor Cuomo Presents 2nd Proposal of 2017 State of the State: Transforming JFK International Airport for the 21st Century

Posted by EACCNY
January 5, 2017

Governor Cuomo Presents Vision Plan to Transform JFK Airport to Meet the Needs of the 21st Century Economy Calls to Continue the Success of LaGuardia Redevelopment by Driving $7 Billion in Private Sector Investment to JFK New York State DOT Projects to Improve Roadway Access to Airport on Van Wyck Expressway and at Kew Gardens Interchange Unveils Design Competition for 20 Crossings Over Van Wyck Leading From JFK into New York to Welcome Travelers to the Region Governor Andrew M. Cuomo today presented...

04 Jan

Member News

2017 FX Outlook – Trumponomics and European Politics

Posted by EACCNY
January 4, 2017

The key questions for the FX markets in 2017 are: 1) what impact the Trump presidency will have on the US and world economy, and 2) whether the populist movements that had such an impact on the politics of the developed world in 2016 will continue to have an influence via the French, German Dutch and possibly Italian elections in 2017. The issue of Brexit and the triggering of Article 50 will also come into sharper relief in Q1, and...

04 Jan

Chapter News

Commission sets out the strategic way forward for the EU’s Customs Union

Posted by EACCNY
January 4, 2017

The European Commission today adopted its long-term plan to give fresh impetus to the management of the Customs Union, a basic pillar of the European Union which supports and protects the Single Market. The role of customs authorities in ensuring our safety and security in the EU is increasing. A strong and well managed system helps to protect the public against terrorist, health, and environmental threats while at the same time fostering and developing competitive businesses. Today'sCommunication sets out a...

04 Jan

Chapter News

Capital markets union: Council confirms deal on prospectus rules

Posted by EACCNY
January 4, 2017

On 20 December 2016, the Permanent Representatives Committee approved, on behalf of the Council, an agreement with the European Parliament on prospectuses for the issuing and offering of securities. "This regulation will help companies gain access to European capital markets by reducing some of the administrative formalities", said Peter Kažimír, Slovak minister for finance and president of the Council. "Our aim is to reinforce the role of market-based finance, alongside bank finance, in the European economy." The draft regulation is aimed at...

04 Jan

Chapter News

EU Council: Maltese MEPs share their expectations for their country taking over the presidency

Posted by EACCNY
January 4, 2017

Malta has taken over the rotating presidency of the EU Council from Slovakia. This means that for the next six months the small island state plays a key role in setting the agenda, finding compromises and addressing a range of challenges such as the migration crisis and the expected start of the Brexit negotiations. We asked Maltese MEPs what their hopes and expectations were for their country's firs- ever presidency of the EU Council. David Casa (EPP) Malta´s presidency comes at...

04 Jan

Chapter News

Commission welcomes entry into force of new transparency rules for tax rulings

Posted by EACCNY
January 4, 2017

The Commission has welcomed the entry into force of new rules to ensure that Member States have all the information they need on tax rulings given to multinational companies in other EU countries. As of 1 January 2017, Member States are obliged to automatically exchange information on all new cross-border tax rulings that they issue. This will be done through a central depository, accessible to all EU countries. Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said: "We...

03 Jan

Member News

2016 Antitrust Year in Review

Posted by EACCNY
January 3, 2017

Wilson Sonsini Goodrich & Rosati is pleased to present its 2016 Antitrust Year in Review, which examines the most significant antitrust matters and developments of the past year. Among other topics, the report discusses merger enforcement trends in the United States, Europe, and China; agency investigations in both the U.S. and abroad; the Department of Justice's criminal antitrust enforcement program; and civil antitrust litigation activity. We hope that you find the report to be useful. For further information, please contact a...

03 Jan

Member News

Lincoln International’s Healthcare Valuations DealReader: Q4 2016

Posted by EACCNY
January 3, 2017

Lincoln International, a global mid-market investment bank, is pleased to present the inaugural issue of the Healthcare Valuations DealReader. This report, published together by Lincoln International’s Healthcare and Valuations & Opinions Groups, features aggregated valuation and financial performance data and trends for five broader segments of healthcare: healthcare services, other services, medtech, pharma and healthcare IT. Thus, it offers insights on valuation and financial topics of interest to executives, business owners and investment and valuation professionals active or interested in...

03 Jan

Member News

New York State Has Adopted Amendments to Existing Minimum Wage Orders

Posted by EACCNY
January 3, 2017

The New York State Department of Labor (NYSDOL) has adopted the proposed amendments to its Wage Orders – ending weeks of speculation about whether and when increases in the minimum salaries for employees to be exempt from overtime will come into force.1 This article summarizes the changes, which will take effect on December 31, 2016. Schedule of NYS Minimum Salaries for Overtime Exemption The amendments are significant. Notably, the exemption thresholds for executive and administrative employees2 will increase depending on employer size,...

30 Dec

Member News

New Circular Letter on the tax treatment of companies engaged in intra-group financing transactions

Posted by EACCNY
December 30, 2016

On 27 December 2016 the Luxembourg Tax Authorities (Administration des contributions directes) issued Circular Letter L.I.R. – N° 56/1 – 56bis/1 (the “New Circular Letter”) on the tax treatment of companies engaged in intra-group financing transactions. The New Circular Letter replaces the previous circular letters LIR N° 164/2 and 164/2bis dated 28 January and 8 April 2011 in order to render the Luxembourg transfer pricing rules compliant with the revised Chapter I Section D of the OECD Transfer Pricing Guidelines. The...

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