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Member News
Member News
29
Sep
The election to participate in the New York State Pass-Through Entity Tax (PTET) for the 2021 tax year is due by October 15, 2021.
Earlier this year, the New York State Legislature enacted a new PTET that may provide individual investors in partnerships and S corporations with a valuable federal income tax benefit. Please see our previous guidance on that subject here.
An authorized person can elect into the PTET on behalf of an eligible entity through the entity's New York State...
29
Sep
The White House announced on September 20, 2021, that beginning in “early November” 2021, the Biden administration would remove restrictions on international travelers who are seeking to fly to the United States, provided that they are fully vaccinated against COVID-19. This policy change will apply to all international travelers, including persons from countries currently covered by a regional travel ban. The policy change will provide substantial relief to international travelers seeking to enter the United States, including many business...
28
Sep
The European Investment Bank (EIB) President Werner Hoyer and Vice-President Ambroise Fayolle will discuss climate action at a series of events this week during the 76th session of the United Nations General Assembly and New York Climate Week. They will explain how the EIB is raising its climate ambition and will highlight the importance of partnerships to meet global climate goals. They also will outline what it will take to make the COP26 climate conference a success.
EIB President Werner Hoyer commented: “Time is running...
28
Sep
It became apparent this week, on the sidelines of the United nations General Assembly in New York, that a trade deal with the UK just isn’t a priority for Biden. While negotiations between the two countries formally began in May 2020, and despite there being five rounds of talks while Trump was still in situ, since Biden took the reins talks have essentially stalled.
Johnson held an in-person meeting with Biden on Tuesday in the White House, in the hopes of reigniting the discussions, but...
27
Sep
With the help of our members, this thought-leadership series focuses on explaining what businesses should expect from the new reality of Brexit – in essence, with “Brexit, What’s Next?”. Today, we present Dr. Matthias Schlingmann, LL.M., Partner and Rishat Vahidov, Rechtsreferendar, both from CMS LAW (Hamburg, Germany); along with Ian Gatt QC, Partner and Karen Jacobs, Senior Associate, Knowledge Development Lawyer, both from STEWARTS LAW (London, UK). They will address: “The challenges of the post-Brexit era for cross-border commercial disputes...
27
Sep
Potential tax law changes have been on taxpayers’ minds for some time now. Unfortunately, there has been a lot of talk and not much action. That changed on Saturday, as the House Committee on the Budget voted to pass the $3.5 trillion spending bill out of committee and onto the floor.
Almost two weeks ago, thirteen committees approved legislation to be included in a reconciliation package. As a reminder, reconciliation is a congressional tool that makes legislation easier to pass in the...
24
Sep
As it is known, starting from October 15 until December 31, 2021 (the deadline set for the end of the state of emergency), the obligation to possess – and to show on request – the “green pass” 1 has been extended to all workers, including those of the private sector, in order to allow their access to workplaces.
With regard to this matter, Law Decree no. 127/2021 - published in the Official Gazzette - states that this obligation indistinctly applies...
24
Sep
In a legislative proposal more than a decade in waiting, the European Commission on Thursday unveiled plans to introduce a single charger for all for smartphones, tablets, and other devices in two years.
The proposal, which comes as part of a legislative revision of the Radio Equipment Directive, foresees the introduction of USB-C as the new EU plug standard for all smartphones, tablets, cameras, headphones, portable speakers and handheld videogame consoles, according to the European Commission. The new rules would enter into...