22 May
Member News

Update on Property Tax Issues in the U.S.: IPTI (June 2017)

This month’s installment focuses on a landmark lawsuit brought against the property tax authorities of none other than New York. Several weeks ago, a group known as Tax Equity Now NY (TENNY) – which describes its mission as the pursuit of legal and political reform of New York City’s property tax system – sued the State of New York, the City of New York, the NYC Department of Finance, and ORPTS (the State-level administrator of the property tax system) what...

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22 May
Member News

Update on Property Tax Issues: IPTI May 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). As far as Europe is concerned, this month’s report includes an article on Norway and a focus on the United Kingdom where a general election has...

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22 May
Brexit News, Chapter News

Statement by Michel Barnier at the press conference following the General Affairs Council (Art. 50)

Ladies and gentlemen, From the day the UK decided to leave, the EU has gone through an intense preparatory process. We are ready and well-prepared: • We have a clear mandate supported by all 27 Member States. • We have a solid resolution from the European Parliament. • We have excellent working relations between all EU institutions. • We have a negotiation team. All structures are in place. The new Brexit Council working group will meet tomorrow already. In the course of the next few days...

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22 May
Brexit News, Chapter News

Brexit: Negotiation mandate adopted by EU-27

The 27 member states of the European Union today adopted the negotiating mandate of Michel Barnier and his team, giving him the green light to open discussions on the UK's withdrawal from the EU and EU Institutions. "The EU-27 formally adopts the Brexit negotiating directives, appoints the Commission as negotiator and authorizes the opening of negotiations," the EU's Maltese EU Presidency said on the social network. The mandate given by the member states is "firm and clear", welcomed the EU's deputy...

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20 May
Chapter News

EU Commission presents annual review of EU’s financial stability and integration

European Commission services have today published their annual European Financial Stability and Integration Review (EFSIR) report, which takes stock of recent developments in financial markets and the financial sector. The report highlights a positive trend in the recovery of the European economy, in spite of the challenging economic and political environment. It identifies private consumption as the main driver for growth, supported by improved bank funding and a better regulatory and supervisory framework. EU banks are much more stable today...

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19 May
Member News

Trepp: Stocks Bounce Back Modestly; CMBX Spreads Tighten

The seemingly endless supply of bad news for retailers was halted (at least temporarily) over the last 48 hours. Target released positive results on Wednesday, and Walmart did the same yesterday. Not that either report will do much to change perception in the near term for Macy's, Sears, Dillards, and others, but it is good to know that someone can still make a buck selling through brick-and-mortar channels. (However, it wasn't all candy and roses as recently released Bon-Ton...

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19 May
Chapter News

Despite Economic Growth, Euro Area Financial Integration Stalled During 2016

Mixed developments underline importance of ambitious capital markets union and completion of the banking union New quality indicator shows limited private cross-country risk-sharing Development of more pan-European banks could help financial integration and foster risk-sharing via retail credit markets Overall financial integration in the euro area stalled last year, the European Central Bank’s (ECB) annual report on Financial Integration in Europe shows. The report was published today at a joint conference with the European Commission in Brussels. After some...

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19 May
Chapter News

European Parliament Plenary Overview: Brexit, Globalisation, Food Waste, and Online Subscriptions

From a debate on Brexit negotiations to refugee relocation and the situation in Hungary: read our overview of this week's plenary session. Brexit During Wednesday's debate on the European Council of 29 April dedicated to Brexit, MEPs welcomed the unity shown by EU countries ahead of negotiations with the UK, but also insisted on a reform of the EU taking place at the same time. Hungary MEPs criticised the “serious deterioration" of the rules of law and democracy in Hungary on Wednesday and adopted a...

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18 May
Member News

DS-Concept Funds Netherlands Sub Of Us-Based Tech Products Distributor

DS-Concept has recently on-boarded a major global provider of technology products that sells networking hardware, telecommunications equipment and high-tech services. The company is headquartered in New Jersey and averages $40 million in sales annually. The company approached DS-Concept to fund their European sales originating from their subsidiary in the Netherlands. While established in the U.S. for over ten years, the European subsidiary has been in operation for under two years and, because of their relatively short sales history, they had...

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18 May
Member News

News Update Netherlands – EU New York edition

Big Data and value based thresholds in the EU Authorities in Europe are debating the role of Big Data in merger control. The debate has been triggered by a concern about the market power that companies can obtain from their ownership of data - perhaps helped by strong feelings about privacy issues - and the frustration that certain high value deals involving Big Data companies nearly escaped European merger control.  Read Houthoff Buruma's briefing on this topic here. Houthoff Buruma's vision on...

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