The scheme reduced the corporate tax base of the companies by between 50% and 90% to discount for so-called 'excess profits' that allegedly result from being part of a multinational group. According to the Commission, this tax scheme derogated from normal practice under Belgian company tax rules and the so-called 'arm's length principle', and therefore infringes the EU state aid rules. At least 35 multinationals benefitted from the scheme. The Commission estimates the total amount to be recovered from...

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Each year, thousands of athletes brave the waters of the mighty Hudson River before biking along Manhattan's West Side highway.  Finally, athletes put on their running shoes for a run through New York's famed Central Park in the final stage of this iconic race.  Registration for the 2016 event is closed.  However, EACC Members can still reserve a spot into the race by participating as a member of Team DKMS in support of Delete Blood Cancer DKMS. Athletes on...

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>> For more information on PwC's 19th Annual Global Survey click here  << How to lead in complicated times? That’s the question all CEOs are seeking to answer at a time of prolonged and continuing uncertainty. Introduction from Dennis M. Nally, Chairman, PricewaterhouseCoopers International Limited As they look forward to the year ahead CEOs are less confident about prospects for the global economy than they were in 2015. The same is true overall when they consider their own company’s prospects for growth. Many CEOs do...

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The importance of open-ended dialogue was stressed throughout  the Toy Industry Association’s (TIA) annual Toy Safety Update, held on Monday, February 15. Attendees of the free seminar at the 113th North American International Toy Fair in New York City were also kept abreast of developments related to federal, state and international toy safety laws and regulations. TIA members along with commissioners and officers of the U.S. Consumer Product Safety Commission (CPSC) spoke before hundreds of toy manufacturers, retailers, designers and testing lab representatives...

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For the last three decades, Justice Antonin Scalia served as a staunch and reliable conservative voice on the U.S. Supreme Court. While his rulings could be controversial at times, he remained widely liked and respected, even among the more liberal members of the Court. His unexpected death over the weekend leaves many in mourning. It also leaves many wondering: what happens next? The death of a Supreme Court justice mid-term is disruptive enough. A death during an election year—particularly one...

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