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Member News
Member News
22
Apr
The recently announced New York State fiscal year 2022 budget includes legislation which “decouples” New York from the federal income tax deferral available for investments in Opportunity Zones, beginning generally as of January 1, 2021.
From a federal standpoint, there have been three major benefits to taxpayers who invest in Opportunity Zones:
Deferral of tax on original capital gain: A taxpayer can defer paying tax on an eligible gain that is reinvested in an Opportunity Zone within the requisite time frame (generally...
21
Apr
On 9 April 2021, the Commission de surveillance du secteur financier (“CSSF”) published valuable guidance on the governance and security requirements applicable to remote/home working (“Telework”) in the form of CSSF Circular 21/769 on governance and security requirements for supervised entities to perform tasks or activities through telework (“the Circular”).
1. Scope
The Circular applies to all entities subject to CSSF supervision (credit institutions, management companies, AIFMs, investment firms, specialised and support PFS, payment institutions, electronic money institutions, etc.).
The Circular only applies to entities relying on Telework (defined...
21
Apr
In the healing of New York, more and more businesses are starting to move back to offices slowly. Commercial landlords are getting creative with their incentives to get new tenants to sign long-term leases while ensuring the tenants will observe Covid-19 safety precautions.
In order for financially bleeding businesses to come back to their pre-pandemic volumes, many tenants – especially those operating in the suffering hospitality industry - are successfully negotiating monthly rents based on a percentage of their revenue...
21
Apr
Take advantage of news analytics to enhance ESG investing, from monitoring the performance of companies to building alpha-generating trading strategies.
The number of assets invested in sustainable funds has surged in recent years from just over $5bn in 2017 to $25bn in 2019 due to the increasing importance of responsible, ethical, and sustainable investing.
Investors can make the most of the new trend in sustainable investing, known as ESG (Environmental, Social and Governance), with the help of RavenPack’s news analytics data.
The...
20
Apr
Green IT is a global movement that aims to minimize the technological footprint in the environment.
The growing popularity of adopting ESG criteria is redefining priorities in companies. The issue is monopolizing the corporate agenda and encourages greater participation by organizations in promoting actions that reduce the environmental footprint – including the active participation of technology sectors through the so-called green IT.
These new values, guided by good sustainability, social, and governance practices, make it clear that sustainable development is an obstacle to...
20
Apr
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 a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org).
UNITED STATES
New York: If Property Values Are Down, Why Are Property Taxes Up?
When property values go down, it’s only natural to expect your property taxes to...
19
Apr
The US Department of Transportation has announced a $1 billion funding opportunity with a new focus on sustainability and equity.
Previously known as Transportation Investment Generating Economic Recovery (TIGER) grants, the Better Utilizing Investments to Leverage Development (BUILD) program began back in 2009 and supported innovative projects — including multimodal and multijurisdictional ones, which are difficult to fund through traditional federal programs. Successful BUILD projects are ones that leverage resources, encourage partnership, catalyze investment and growth, and fill a critical void in...
19
Apr
On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA) that contains a new, temporary COBRA subsidy. From April 1, 2021 through September 31, 2021, the ARPA requires employers to cover 100% of an employee’s cost of continuing group health coverage under COBRA if the employee was eligible for COBRA continuation coverage during the indicated period regardless of whether the employee may not have previously elected coverage or discontinued coverage. Employers that provide such paid coverage may...
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