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Member News
Member News
22
Oct
By Mathieu Aimlon, Principal | AIMLON CPA P.C.
Abstract:
If you are a citizen of the United States of America or a citizen of another country but a U.S. resident for tax purposes and you prepare and file U.S. individual income tax returns, you are generally allowed, under the Internal Revenue Code Section 901, to claim a foreign tax credit for income taxes that you paid or accrued during the taxable year to any foreign country. The trouble is that sometime...
21
Oct
Georges Ugeux, CEO | Galileo Global Advisors
Matt Phillips made an unambiguous conclusion in the New York Times this week, warning Wall Street’s Sky-High Expectations Are About to Collide With Reality. Phillips points at the bleak outlook following the most recent corporate earnings trends. He is right in reminding investors of the real signs we should pay attention to — but too often ignore.
What is the disconnect?
The equity market today is at the same level as it was a year ago. During those...
21
Oct
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).
USA
California: County Assessors Are Wary of Proposed Prop. 13 Overhaul
Thousands of property appraisers who work for county assessors across the state are about to retire. That...
18
Oct
Key Events This Week
A deal at long last
After intense negotiations, a Brexit deal was finally reached between the EU and UK government on Thursday, 17 October. Chief EU negotiator Michel Barnier said that the deal agreed between Brussels and London after days of accelerated talks was a ‘fair and reasonable result’. While it is true that both the EU and the UK have moved, Johnson’s government have on the whole had to come up with more concessions.
It appears that...
18
Oct
By Thomas Donegan, Barnabas Reynolds, James Webber | Shearman & Sterling LLP
The EU and U.K. in principle agreed new terms for the withdrawal agreement giving effect to the U.K.’s exit from the European Union. These include a revised political declaration and protocol concerning Northern Ireland replacing the controversial backstop. An amended unilateral declaration on consent in Northern Ireland by the U.K. was also published. Attached to this client note are comparison documents showing the changes from the previous set...
17
Oct
By Giovanna Ventura & Dr. Max Helleberg | Noerr
On Wednesday 02 October 2019, Prime Minister Johnson sent proposals to the EU on the future border regime in Ireland. These proposals initially continue to require the UK to leave the EU on 31 October 2019, with the result that customs controls would be reintroduced at the Irish border.
However, these would not be physically carried out at or near the border, but would be carried out locally at traders' premises...
16
Oct
The EU has introduced a new Work-life Balance Directive. The Directive aims to improve access to family leave and flexible work arrangements in all EU Member States. Specifically, the new legislation intends to accomplish the following:
Support better work-life balance for parents and carers
Encourage a more equal sharing of parental leave between men and women
Address women’s underrepresentation in the labour market
Measures under the Directive include:
Paternity leave
According to the Directive, new fathers are entitled to ten days’ of...
16
Oct
EIB President Werner Hoyer addressed the Economic and Financial Affairs Council (ECOFIN), composed of the economics and finance ministers from all member states, following the conclusions of the Wise Persons Group assessment on current European financial architecture for development.
President Hoyer explained the key role that the EIB can play to address global challenges and strengthen Europe’s development finance efficiency. He acknowledged the call from the Wise Persons Group to better organise and streamline EU development financing.
As a response to...
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