18 Dec
Chapter News

European Commission | EU companies top US and China counterparts in R&D investment growth, breaking decade-long trend

Europe's industry has increased its investment in research and development (R&D) by 9.8% in 2023, surpassing the growth of corporate R&D investment in the US (+5.9%) and China (+9.6%) for the first time since 2013, according to the new edition of the EU Industrial R&D Investment Scoreboard published today. In 2023, the EU was second globally in R&D private investment (18.7%), trailing the US (42.3%), but ahead of China (17.1%), Japan (8.3%) and countries in the rest of the world (13.6%)....

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17 Dec
Member News

IPTI | Property Tax in the News – December 2024

IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in...

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17 Dec
Member News

Stephenson Harwood | Neural Network – December 2024

In this edition of the Neural Network, we look at key AI developments from November and December. In regulatory and government updates, the European Commission's AI Office has consulted ahead of producing guidance on provisions in the EU's AI Act, and has published the first draft of a General-Purpose AI Code of Practice prepared by a group of independent experts; the EU's Cyber Resilience Act has been published in the Official Journal; the UK's new data reform Bill has come...

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17 Dec
Chapter News, New York Related News, Trade & TTIP Related

DoC | Assistant Secretary Grant Harris Advances U.S. Supply Chain Resilience Priorities in New York City

WASHINGTON, D.C. - This week, Assistant Secretary of Commerce for Industry and Analysis Grant T. Harris traveled to New York City to advance the U.S. Department of Commerce’s efforts to strengthen U.S. supply chains. During his visit, he participated in the Financial Times: Investing in America Summit and met with industry leaders to advance the Department’s mission.   At the Financial Times Summit, Assistant Secretary Harris delivered the keynote address, where he highlighted the Biden-Harris Administration’s efforts to develop stronger supply...

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16 Dec
Member News

Offit Kurman | “Nothing is certain except death and taxes” – the estate tax in flux and the road ahead

Benjamin Franklin’s famous quip about death and taxes can be found in his 1789 letter to French physicist Jean-Baptiste Le Roy. However, the United States did not enact an inheritance tax or estate tax until 1916.  Today, while death remains certain, the future of the US estate tax is uncertain. Several countries have repealed or eliminated their inheritance or estate tax, including Australia, Israel, Mexico, and Russia, to name a few. Today, while death remains certain, the future of the US...

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16 Dec
Chapter News

IMF | Europe Needs a Coordinated Approach to Industrial Policy

The success of government interventions depends not just on how much is spent, but on spending it well. Blog post by: Alfred Kammer, Andrew Hodge, Roberto Piazza | Industrial policy is having a moment in Europe, as countries increasingly turn to sectoral policy interventions to address the challenges of geopolitical fragmentation and economic security, enhance productivity, and accelerate the green transition. State aid spending by European Union countries has tripled in the last decade, reaching 1.5 percent of GDP. Much of this...

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16 Dec
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – AI and supply chains, air cargo predictions, surging container imports, updates for the NMFC, and how ocean carriers are winning.

Geopolitics remains one of the greatest threats to global supply chains. Is AI the solution? At present, AI is already helping to manage several challenges, including climate change, regional tensions, and trade conflicts. In the face of these and other issues, AI can improve things through predictive analytics, optimized logistics, and better resource allocation. This can help supply chains better work through complexities and align with sustainability and regulatory demands while improving visibility, decision-making, and risk management. The International Air Transport Association...

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16 Dec
Chapter News

IMF | Europe’s Choice: Policies for Growth and Resilience

Ladies and gentlemen, It is a privilege to address you today as we celebrate two remarkable milestones. First, congratulations to Lithuania on 10 successful years in the euro area. This is a testament to your commitment to European integration and stability. Second, let us celebrate 25 years of the Euro itself, a currency that has become a global symbol of unity and resilience. And speaking of success, European policymakers deserve recognition for their extraordinary responses to the recent crises. Their swift...

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16 Dec
Member News

Panitch Schwarze | USPTO Announces Significant Fee Increases

The United States Patent and Trademark Office (USPTO) has announced significant changes to the patent fee schedule which will take effect on January 19, 2025. The final rule does not include some of the new fee structures proposed in April 2024, but still could have a significant impact on design patent practice, continuing application practice, and Information Disclosure Statement practice. The changes include new or significant increases to several targeted fees, a 10% increase to all filing fees, and an...

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13 Dec
Member News

Briddge | Budget Day: 2025 changes in Dutch Tax

In the Netherlands, Prinsjesdag—or Budget Day—is a key event for businesses, as it outlines the government's tax and financial plans for the coming year. Held every third Tuesday of September (this year on 17th of September), the government presented its budget, highlighting changes to corporate taxes, VAT, wage and income taxes and other policies that affect the business environment. The Miljoenennota (Budget Memorandum) provides details on investments in infrastructure, innovation incentives, and regulatory changes. For businesses, Budget Day is essential for understanding how...

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