22 Jun
New York Related News

NYCEDC Announces Krinos Foods Moves International Headquarters to the Bronx

Through a partnership with NYCIDA, the move allows Krinos Foods to remain in NYC and create more jobs for New Yorkers New York City Economic Development Corporation (NYCEDC) President Maria Torres-Springer and Krinos Foods Chairman Eric Moscahlaidis participated in a ribbon-cutting ceremony to mark the grand opening of a new 100,000-square-foot international headquarters for Krinos Foods, a New York City based Greek and Mediterranean specialty food importer, distributor and manufacturer. The new Krinos Foods facility, located at 1750 Bathgate Avenue,...

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21 Jun
Chapter News, Trade & TTIP Related

TTIP and Developing Countries

EU Trade Commissioner Cecilia Malmström spoke to Members of the European Parliament’s committees on development and international trade this afternoon, about the relationship between TTIP and developing countries. She underlined the centrality of development as an objective of EU trade policy and explained clearly why the impact of TTIP on developing countries was likely to be positive – most importantly as it would drive global demand. She also noted that TTIP was not happening in isolation and urged developing country partners...

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21 Jun
Member News

When Tragedy Strikes: How Employers Can Assist Employees Affected by Mass Shootings and Disasters

In the early morning hours of June 12, 2016, 49 innocent people lost their lives in a mass shooting in the Pulse nightclub in Orlando, Florida. This mass shooting, the deadliest in U.S. history, has left the City of Orlando shaken, particularly members of the lesbian, gay, bisexual, transgender, and queer (LGBTQ), and Latino/a communities. This Insight aims to provide a guide to employers on ways they can support their employees whose lives were touched by this tragedy.  Its basic...

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21 Jun
Chapter News

Draghi debates ECB’s bond purchasing programme as German court reaches verdict

The European Central Bank (ECB) has bought €80 billion worth of public and private debt since March 2015 in order to boost growth and push interest rates down. The bond buying programme has led to the bank being criticised for overstepping its mandate, but today the German constitutional court ruled that it wasn't. ECB President Mario Draghi is expected to discuss the strategy known as quantative easing during his meeting with Parliament's economic committee today from 15.00 CET. The ECB...

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21 Jun
Member News

Prestige Capital is Happy to Graduate the Following Clients–Step Up for Your Diplomas

Many companies seek Prestige Capital’s services during times of change in their company…as a bridge to various types of financing. With no monthly minimums, and contracts that can be as short as 3 months in certain circumstances, Prestige is poised to assist a client with immediate liquidity when needed. When the client accomplishes their intended goal, they can “graduate” from our program. GRADUATES…STEP UP FOR YOUR DIPLOMAS! After 13 months a Pickle Company is graduating to a strategic partnership with one...

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21 Jun
Member News

E&Y Considering Alternative to Times Square Office

According to The Real Deal, Big Four accounting firm Ernst & Young is considering various locations in lower Manhattan and New Jersey to replace its current location at Five Times Square in Manhattan. The firm occupies nearly one million square feet with a lease that is to end in mid-2022. The 1.1 million square-foot office backs the $1.072 billion Five Times Square loan. Half of the loan is part of the collateral pool for WBCMT 2007-C31. The $536 million slice makes...

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21 Jun
Chapter News

Corporate tax avoidance: Council agrees its stance on anti-avoidance rules

On 21 June 2016, the Council agreed on a draft directive addressing tax avoidance practices commonly used by large companies. The directive is part of a January 2016 package of Commission proposals to strengthen rules against corporate tax avoidance. The package builds on 2015 OECD recommendations to address tax base erosion and profit shifting (BEPS). The directive addresses situations where corporate groups take advantage ofdisparities between national tax systems in order to reduce their overall tax liability. Corporate taxpayers may benefit from...

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21 Jun
New York Related News

Governor Cuomo Launches $110 Million Initiative to Keep Pedestrians Safe Across New York State

Governor Andrew M. Cuomo today announced the state’s first-ever, comprehensive pedestrian safety plan, a proactive, multi-agency initiative that provides $110 million for pedestrian safety improvements across upstate New York and Long Island during the next five years. The program will utilize an engineering, education and enforcement campaign to enhance safety. To kick off the campaign, the Governor introduced a new pedestrian safety web site at www.ny.gov/pedsafety. Beginning today, more than a dozen police agencies across the state are conducting...

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21 Jun
Member News

Study finds $1.6 billion in Louisiana industrial tax breaks too generous

Louisiana is giving away an average of $1.6 billion annually in tax breaks to large manufacturers with little oversight and little return, according to a new study released Monday. Together Louisiana, a statewide association of clergy and public interest groups that favors higher taxes on big corporations and the wealthy, reports Louisiana has the most generous industrial tax exemption in the country, allowing companies to avoid paying their property taxes to local schools, sheriffs and fire departments for 10...

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20 Jun
Member News

Changes to ISF Enforcement

Changes to ISF Enforcement On June 17, 2016, Customs announced that for shipments that are on the water on or before June 30, 2016, CBP ports will no longer be required to send requests for liquidated damages claims to Headquarters for review, and the “three-strikes” approach to liquidated damages claims against importers’ bonds will also end.  There is no change to cargo holds for ISF non-compliance.  Ports have the authority to both hold cargo and initiate liquidated damages claims. We would...

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