15 Dec
Member News

Luxembourg parliament adopts bills of law on tax reform and country-by-country reporting

Tax Reform On 14 December 2016, Luxembourg parliament adopted the bill of law on tax reform including the gradual corporate income tax reduction of 3 percentage points. Our tax newsletter of 29 July 2016 reports on the most relevant measures. All of these measures were adopted without modification vis-à-vis the original bill of law. The tax reform measures are generally applicable as of the tax year 2017, with some exceptions.  Country-by-Country reporting Further, on 13 December 2016, Luxembourg parliament has adopted the bill...

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15 Dec
Chapter News

Editorial Spotlight: When It Comes to Trade, What Are the US President’s Powers?

There are several rumors of what we have to expect from US trade policy starting in January US President-elect Donald Trump has mentioned that he wants to impose a 35% tariff on Chinese imports, re-negotiate or pull out of NAFTA, and withdraw from TPP. This week, we take a look at the powers of the US president when it comes to trade agreements and tariffs. What is possible, impossible? Impose a tariff on imports: Yes, but only for 150 days and only...

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15 Dec
Member News

GRANITO Educates in Milan

GRANITO is pleased to announce the fall inauguration in Milan of a new cycle of seminars dedicated to providing specialized education to lawyers, accountants and other professionals. The workshops have dealt with diverse subject matters including banking abuses, family law, corporate crisis management, lease agreements and trusts. New seminars will be available beginning in January. GRANITO welcomes professionals looking for new areas of education to grow globally with them in 2016. Compliments of Granito - a member of the EACCNY

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15 Dec
Chapter News

#InvestEU: EUR 438 million to support renewable energy in Belgium

The European Investment Bank (EIB) will support the construction of the Norther wind farm off the Belgian coast with a loan of EUR 438 million. Half of this amount will be guaranteed under the European Fund for Strategic Investments (EFSI), the heart of the Juncker Commission’s Investment Plan for Europe. Norther is the third wind project off the Belgian coast to be supported under the EFSI. Upon completion, its 44 wind turbines will deliver an estimated 352 MW*, enough to...

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15 Dec
Chapter News

European Council – speech by President Juncker

Addressing the European Parliament on the day before the European Council, President Juncker set out the priorities of the meeting: the refugee crisis, defence, the investment plan, the European Solidarity Corps and foreign affairs. Addressing the European Parliament on the day before the European Council on 15 December 2016, President Juncker highlighted the progress made by the European Union on refugee crisis management: greater shared responsibility of our common borders with the setting up of the Border Guard, the implementation...

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15 Dec
Chapter News

Schulz: “Let us have the courage to fight for the EU”

Martin Schulz stressed the importance of cooperation and solidarity in his last speech as Parliament President at a European Council meeting. Addressing heads of government at the summit in Brussels, he called on them to make progress on issues such as defence, migration and Russia. “You all agreed that you need the EU, that the EU is the only means to tackle the challenges we are facing in this century. This spirit should never be forgotten and should guide...

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14 Dec
Chapter News

Ireland: Staff Concluding Statement of the Sixth Post-Program Monitoring Mission

An International Monetary Fund (IMF) mission visited Dublin during November 29—December 2, 2016, for the sixth post-program monitoring discussions—part of the IMF’s regular surveillance of countries with significant IMF credit outstanding. The mission was coordinated with the European Commission and the European Central Bank. At the end of the visit, the mission issued the following statement: The Irish economy is growing at a healthy pace, but remains subject to downside risks. Commendable progress has been achieved through a long and...

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14 Dec
Member News

Perfection of the New Market Abuse Regime in Luxembourg

Today, the Luxembourg Parliament enacted the law (the “New Market Abuse Law”) implementing Directive 2014/57/EU of the European Parliament and of the Council of 16 April 2014 on criminal sanctions for market abuse (market abuse directive), also known as the “Market Abuse Criminal Sanctions Directive” (“Directive 2014/57/EU”) and Commission Implementing Directive (EU) 2015/2392 of 17 December 2015 on Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards reporting to competent authorities of actual or...

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13 Dec
Chapter News

U.S. Trade Representative Welcomes Strategic Plan to Enhance Intellectual Property Protections

Washington, D.C. – The Office of the United States Trade Representative (USTR) today welcomed the release of the Joint Strategic Plan by the Office of the Intellectual Property Enforcement Coordinator. This Plan is a product of an intensive effort by the Obama Administration to ensure that the works of American creators and innovators are protected from infringement and misappropriation. USTR pursues this agenda on a global scale. “The United States is the world’s most innovative economy, with new ideas and creative...

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13 Dec
Chapter News, New York Related News

Groundbreaking $650 Million Initiative to Fuel Growth of a World-Class Life Science Cluster in New York

Initiative Makes Capital, Operating Support and Tax Incentives Available to Life Science Companies to Support the Growth of Research and Development More Than 3.2 Million Square Feet of Innovation Space and 1,100 Acres of Developable Land Available Tax Free at 45 Colleges and Universities Statewide New Programs Will Help Develop Research and Entrepreneurial Talent Necessary for Growing New York’s Life Science Sector Governor Andrew M. Cuomo today announced a groundbreaking new $650 million initiative to spur the growth of a new, world-class...

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