![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
02
Jun
By Noa Sussman, Director of Global Solutions, TECEX
In today’s global economy, trade taxes and trade compliance are no longer background functions. VAT, duties, tariffs, and duty drawbacks have moved from the margins of regulatory oversight to the center of strategic decision-making. As explored in the first two articles of this series, these tools are now shaping how companies’ source, price, and scale across borders.
But understanding the mechanics is only the beginning. The real challenge — and opportunity — lies in how companies...
02
Jun
Last week a US Trade Court (CIT) blocked many of President Trump’s new tariffs only for them to be quickly reinstated and the legal battle only starting. The bottom line for importers right now is that IEEPA tariffs remain in effect. The CAFC’s stay pauses enforcement of the CIT’s ruling while longer-term legal review continues. More importantly, importers will continue paying the tariffs. With two courts asserting jurisdiction over the matter, final authority (whether CIT or the District Court) remains undecided and will...
02
Jun
I would like to start this newsletter by sharing some data published in an article by the Tax Foundation titled “Sources of Government Revenue in the OECD”. Please note that, although the article was published in May 2025, the OECD data it contains relates to 2023.
The Tax Foundation’s analysis of the data states: “Developed countries raise tax revenue through individual income taxes, corporate income taxes, social insurance taxes, taxes on goods and services, and property taxes - the combination...
30
May
We are pleased to share the May 2025 issue of Wilson Sonsini’s Sustainability and ESG Advisory Practice Update. Each issue combines news, key legal developments, and resources related to sustainability and environmental, social, and governance (ESG) matters relevant to public and private companies internationally.
In this issue, we cover:
Updates to federal energy tax credits under Congressional domestic policy bill;
SEC approval of the first “green” stock exchange;
International Sustainability Standards Board’s proposed amendments to greenhouse gas disclosure requirements; and
...
30
May
By Erin Schachter, Associate, OGLETREE DEAKINS
Artificial intelligence (AI) is rapidly changing the hiring landscape. Whether scanning resumes with machine learning tools or ranking candidates based on predictive models, employers in Canada may now want to ensure transparency when using AI during recruitment. This is no longer just a best practice—it is increasingly being reflected in legislative requirements.
Quick Hits
In Ontario, if AI is used to screen, assess, or select applicants, a disclosure may be required directly in the job...
30
May
By Ian Hunter, Director, OCO Global
What just happened?
On 28 May, the US Court of International Trade (CIT) issued a permanent injunction blocking President Trump’s recently imposed “Liberation Day” tariffs – a 10% across-the-board levy on all imported goods and higher “reciprocal” rates for specific trading partners. The court ruled that the administration had exceeded its authority under the International Emergency Economic Powers Act (IEEPA). In clear terms, the judges reaffirmed that Congress – not the White House – controls taxation on imports. Importantly, this ruling did not impact sector-specific tariffs previously...
30
May
IMPORTANT TARIFF UPDATE - (5/29)
The Court of International Trade has issued a joint decision, ruling that the International Emergency Economic Powers Act (IEEPA) does not authorize many of the new tariffs imposed by way of executive order. As a result, on May 28 the Court ordered that the directives imposing these tariffs be vacated and permanently enjoined.
The court has issued a permanent injunction which means the tariffs cannot be collected or enforced unless the ruling is stayed or reversed....
30
May
By Noa Sussman, Director of Global Solutions, TECEX
Global trade isn’t just about free trade agreements or currency fluctuations anymore. While those factors still matter, a quieter — and often underestimated — force is reshaping how companies produce, move, and sell their goods across borders: taxes.
Not the headline-makers like corporate income tax or capital gains. I’m talking about the less glamorous but increasingly powerful trio: VAT (Value Added Tax), tariffs, and duties. These tools, once left to compliance teams and customs...
Other Chapter News
