![European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources](https://eaccny.com/wp-content/uploads/2020/06/eaccny-logo.png){kind=logo}
Member News
Member News
18
Feb
On 24 December 2020, the EU and the UK finalised a Trade and Co-operation Agreement (the “TCA”) setting out the terms of their future relationship.
This came just seven days before the end of the transition period for the United Kingdom’s exit from the European Union on 31 December 2020, following which:
the UK ceased to be treated as a member state of the EU for all purposes; and
EU law ceased to apply in the UK.
READ MORE...
Contact:
Fabio Ilacqua
Partner – Head...
18
Feb
Dear Friends,
As the world slowly emerges from COVID-19, we at IIE are optimistic. After each of the 12 pandemics in IIE’s history, international mobility actually surged. This time will be no different.
Like you, we believe international exchange transforms lives and strengthens communities. And the Covid-19 pandemic has underscored that the mobility on which international education depends is central to what universities do best and for the benefit of humankind: promoting basic research, encouraging scientific experimentation and innovation, and forming...
18
Feb
The Consolidated Appropriations Act, 2021 (CAA) extends and expands the Employee Retention Credit (ERC) first created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The ERC is designed to encourage businesses to keep workers on their payroll and support small businesses and nonprofits through the coronavirus economic emergency.
Eligibility has been expanded to include employers who also received PPP loans. There are two sets of rules: one for those claiming the credit for 2021 wages, and another set...
18
Feb
The shareholders of the European Investment Fund (EIF) have approved a 64% increase of the EIF’s share capital from €4.5 billion to €7.4 billion.
The EIF’s capital increase will bring substantial additional resources to scale up support for the SME financing market, and venture and growth capital activity.
The capital increase will enable the EIF to play a key role in rolling out InvestEU, the EU’s investment programme for 2021-2027, thereby also supporting the green and digital transformation of the...
17
Feb
One of the potentially frightening things about being a manager is the need to make decisions; many, many decisions. This is typically more of a problem for new managers than it is for experienced managers, but it would not hurt either type of manager to brush up on how to make better management decisions. The rest of this article will mainly focus on “bigger” management decisions, or those that happen less frequently and are more likely to have a...
17
Feb
Key insights
Debt cancelation amounts are generally included in gross income. This may come as a surprise to unsuspecting borrowers.
Fortunately, Congress has provided some exceptions and special provisions to address taxpayer concerns with COVID-related debt relief.
Under the Consolidated Appropriations Act 2021 (CAA 2021), Congress provided both financial assistance and tax relief. The massive year-end package ― including tax provisions which effectively told Treasury Department and IRS to give debtors a break — is welcome relief to many individuals and organizations.
Unfortunately for...
17
Feb
What if the key for businesses and brands looking to improve performance in an increasingly digital world isn’t digital transformation?
At a time when so much of the interaction between businesses and their customers is moving towards digital channels and tools, many organizations are feeling the pressure to engage in “digital first” strategies to drive performance, optimize operations and protect revenues. These efforts — often characterized as a digital transformation or digital journey — are intensely focused on the addition...
16
Feb
Recently, the European Commission announced two new regulations, known as the Digital Services Act (DSA) and the Digital Markets Act (DMA).
These regulations aim to set new rules governing the digital market in the European Union. According to the European Commission, the DSA is required to safeguard a digital space that respects Internet users' fundamental rights when using digital services. Furthermore, the legislators seek to establish a level playing field allowing further innovation, growth, and competitiveness in the digital sector.
While the DSA introduces...