In this week’s Roar: supply chain whack-a-mole, truckload costs trending in the right direction, woes for European ports, (some) optimism in China, and solid air cargo service quality. Heading into peak season, US shippers are dealing with new supply chain issues. Two major trade lines are under pressure, and the fallout is expected to spill into the first quarter of 2023. Yet at the same time, there are signs of optimism. So which is it – are things good or...

The Inflation Reduction Act of 2022 (IRA) will be a game changer for the energy industry. This guide focuses on those issues of particular significance to the energy industry; it is not intended to be comprehensive. Highlights include: Extending the ITC and PTC for projects beginning construction through 2024, and removal of the phasedown. Expanding the PTC to include solar. Expanding the ITC to include energy storage projects. Adopting a base/bonus rate structure for many credits under which the...

Previously published in the South China Morning Post | The growing housing crisis threatens to spread like previous financial contagions and damage economies across the globe Policymakers need to let poor performers suffer the consequences of bad bets while looking after solvent banks and enacting land and property reforms History has shown that financial crises are often the story of either a housing bust or stock market collapse – or both. Think of the crash of 1929 that started as...

Key insights Significant provisions in the Inflation Reduction Act take aim at lowering the cost of health insurance and prescription drugs and offer billions in clean energy tax incentives. The most significant tax increases are primarily aimed at the largest corporations and publicly traded companies. The bill includes the appropriation of additional funding for the IRS to enhance enforcement activities, operations support, and business system modernization. The vast majority of proposed tax increases on individuals were not included in...

A TPRM platform is critical for today’s businesses. Still, hurdles during implementation can turn into major stumbling blocks. Here’s what to know. Managing your third-party relationships has never been more important than it is now. With more organizations expanding their vendor databases to address the unsettled global supply chain, the risk of exposure to financial and legal compliance issues and violations is rising. A third-party risk management (“TPRM”) platform can mitigate that risk — and even prevent issues before they occur....

It is highly likely, and hardly a surprise, that in the near future the U.S. Securities and Exchange Commission ("SEC") will increase the number of enforcement actions it brings against crypto industry participants. It is widely known in the crypto industry that the SEC's Division of Enforcement has been investigating a number of high-profile crypto industry participants for some time,2 and at least some of those investigations likely will lead to enforcement actions relatively soon. The recent insider-trading case3...

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together below a selection of articles from IPTI Xtracts; more articles can be found on its website (www.ipti.org). United States California: L.A. County property valued at $1.89 trillion for 2022 Los Angeles County Assessor Jeff Prang certified the 2022 Assessment Roll, reflecting economic growth for the 12th consecutive...

As a follow-up to Commission Delegated Directive (EU) 2021/1269 of 21 April 2021 regarding the integration of sustainability factors into product governance obligations (“CR 2021/1269”), discussed in our newsflash of 8 July 2022, the Grand Ducal Regulation of 27 July 2022 (the “GD Regulation”) was published on 4 August 2022 in the Official Journal of the Grand Duchy of Luxembourg. Background and aim of the GD regulation As a reminder, CR 2021/1269 requires Member States: to adopt and publish, by 21...