Over the last fortnight, the European Commission has come under significant fire over its draft plans on classifying some nuclear and natural gas energy under its sustainable finance taxonomy. According to the draft proposal, which was shared with EU Member States in the dying hours of the last year, the Commission plans to classify both “transitional” green sources. The EU’s sustainable finance taxonomy sets out which products or industrial processes can be classified as sustainable, thus encouraging institutional and retail...

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 New York: NYC Advisory Commission on Property Tax Reform Releases Final Report Report recommends the most significant changes to New York City’s property tax system in 40 years The...

In this week’s Roar, we’ve got the latest on predictions for more ocean volatility, supply chains in the news for the wrong reason (again), the importance of empty containers, the year in review for U.K. shipping, and the state of air cargo. But first, we’re fearing our hopes of an improved supply chain in 2022 may have been dashed. While there’s one ray of light—thanks to shippers sourcing increased capacity, containers are moving in and out of China much faster—but,...

Your startup may be eligible for a $100,000 tax credit that can be used to offset your payroll taxes. The Employee Retention Tax Credit (ERTC) program is ever-changing since creation of the credit under the Coronavirus Aid, Relief and Economic Security (CARES) Act in April 2020.  It has been extended and expanded, changing the ERTC program’s end date several times under the American Rescue Plan Act and the Consolidated Appropriations Act, 2021. With the signing of the Infrastructure Investment and Jobs...

The International Monetary Fund (IMF) raised concerns in a blog post on Tuesday of this week about the increased usage of cryptocurrencies beyond just a fringe group and the subsequent implications for financial stability. The IMF is particularly concerned about the connection between crypto assets and the financial markets, stating that virtual currencies pose a threat to financial stability, given their “volatile price movements, astronomic valuations, and coupling with mainstream investment markets”. It appears that at the start of the...

Being Prepared for a Winter Driving Emergency Are You Prepared for a Winter Driving Emergency? You may have plans to drive to Vermont for a ski weekend. The temperatures are way below freezing and there is snow in the forecast. You are all packed and ready to go. But are you ready if you get in a driving accident or your car breaks down on the way? Don’t forget to make your own winter car survival kit so you don't get stranded...

On the heels of Gov. Kathy Hochul’s State of the State address, in which she endorsed a suite of progressive environmental policies including product stewardship laws governing the paper and packaging industry, the New York Legislature has introduced a bill targeting environmental sustainability disclosures in the fashion and apparel industry. The Fashion Sustainability and Social Accountability Act (A.8352/S.7428) would require fashion retailers and manufacturers to disclose environmental and social due diligence policies and allows citizen lawsuits to enforce the...