16 Jan
Member News

Briddge | Employment Updates 2025 in the Netherlands

Minimum wage increase As of January 1, 2025, employers in the Netherlands are required to comply with the updated statutory minimum wage. The fixed minimum hourly wage will be increased to €14,06 (for employees aged 21 and older) as per January 2025 and is indexed twice a year. Benefits that are linked to the minimum wage such as AOW, WIA and WW will also increase as a result. Maximum daily wage The maximum daily wage, determined by the Dutch Employee Insurance Agency...

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16 Jan
Chapter News

DoC | U.S. Department of Commerce Announces $1.4 Billion in Final Awards to Support the Next Generation of U.S. Semiconductor Advanced Packaging

Today, the U.S. Department of Commerce has announced that CHIPS National Advanced Packaging Manufacturing Program (NAPMP) has finalized $1.4 billion in award funding to bolster U.S. leadership in advanced packaging and enable new technologies to be validated and transitioned at scale to U.S. manufacturing. These awards will help establish a self-sustaining, high-volume, domestic, advanced packaging industry where advanced node chips are both manufactured and packaged in the United States.    These awards include: A total of $300 million under the CHIPS...

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16 Jan
Chapter News

OECD | Pillar One Update from the Co-Chairs of the Inclusive Framework on BEPS

Following our update in May 2024, we want to report on the progress made by the Inclusive Framework on BEPS (IF) in the development of a final package for Pillar One of the Two‐Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy agreed in October 2021. This package includes two components: a text of the Multilateral Convention (MLC) to implement Amount A and a framework for Amount B. Amount A Amount A introduces a system...

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15 Jan
Member News

Noerr | The EU Forced Labour Regulation – Relevance for US companies

Dr. Mansur Pour Rafsendjani, Senior Partner of the German law firm Noerr Partnerschaftsges. mbB in Munich, Germany European ESG Developments When the President of the EU Commission, Ursula von der Leyen, took office in 2019, she had a mission: To make the EU the first climate-neutral area in the world by 2050, to cut pollution and restore a healthy balance in nature and ecosystems and to establish fair businesses that respect human rights. It is one of the most ambitious political...

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15 Jan
Chapter News

IMF | Top Five Trends in the Role of the Accounting Profession on Public Finances in 2025

By Srinivas Gurazada | Historically, accountants have been perceived as mere ‘bookkeepers’ who record vouchers and prepare budget execution statements of government. Accounting was seen as a technical responsibility of the Accountant General's office, which prepares financial statements, and the Auditor General, who conducts audits. This was considered a ‘control formality’ with limited implications for the rest of the government or citizens. However, the past two decades have seen significant changes to this perception. Here are five top trends...

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15 Jan
Chapter News

ECB | Exploring an uncertain future with the help of scenarios

Blog post by Matteo Ciccarelli, Matthieu Darracq Pariès, Bettina Landau and João Sousa | Central banks project future developments based on past data patterns and a set of assumptions. Crises can change economic structures, complicating this forecasting. The ECB Blog explains how scenario, risk and sensitivity analyses address the new uncertainty. We use economic models and data patterns from the past to project the future. In normal times, assessing what conditions will be like in the near future can be...

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15 Jan
Member News

EIB | NXP secures €1 billion EIB loan to advance semiconductor innovation in Europe

€1 billion EIB loan will help fuel NXP’s research, development, and innovation (RDI) efforts in Austria, France, Germany, The Netherlands and Romania Loan will accelerate NXP’s RDI aimed at various end markets including automotive, Industrial, and Internet of Things (IoT) Supporting critical EU technology is a key EIB priority as outlined in its strategic roadmap and furthers EIB’s commitment to the EU Chips Act NXP Semiconductors N.V. (NASDAQ: NXPI) today announced that it has secured a €1 billion loan...

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14 Jan
Chapter News

FSB | The Relevance of Transition Plans for Financial Stability

Transition plans hold potential for enhancing financial stability assessments by providing forward-looking information that can be useful to measure and monitor climate-related risks. This report considers the role that financial and non-financial firms’ transition plans can play for financial stability assessments, in particular as a source of information for monitoring climate-related financial risks and vulnerabilities, and as a tool for helping to address some of those risks. Climate transition planning and the resulting outputs – transition plans – have seen increased...

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14 Jan
Chapter News, Trade & TTIP Related

DoC | Prioritizing Space Commerce Within the Commerce Department

Today, the Department of Commerce Office of Space Commerce published a report on the department’s space commerce accomplishments under the Biden-Harris Administration.  A message from Don Graves, Deputy Secretary of Commerce Under the Biden-Harris Administration, the Department of Commerce has taken many concrete actions to promote the growth and competitiveness of the U.S. commercial space sector. The Department’s strategic objective to “advance U.S. leadership in the global commercial space industry” makes the lives of American citizens easier every day. Critical space services –...

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14 Jan
Member News

PwC | US State Income Tax Digest

Welcome to the US State Income Tax Digest. We highlight significant income and business tax legislation, regulatory adoptions, judicial decisions, and administrative guidance. We hope that you find the digest valuable and look forward to your feedback. Featured article: Louisiana enacts major tax changes in special session A package of bills approved by the Louisiana State Legislature in special session and signed by Governor Jeff Landry (R) on December 5 includes significant tax changes, including for income, franchise, and sales and...

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