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Member News
Member News
30
Apr
On April 22, 2025, the EU Commission’s AI Office published draft guidelines to clarify the obligations in the EU AI Act for providers of general-purpose AI models (guidelines). These obligations will be applicable to AI models released in the EU market after August 2, 2025. The guidelines are currently open for public consultation, and the AI Office invited stakeholders to provide feedback by May 22, 2025, using this form. The AI Office plans to adopt a final version of the guidelines before...
28
Apr
By Tom Gottfried, Managing Director, National Tax Valuation, Valuation Research Corporation, and Philip Gregorcy, Senior Advisor, Valuation Research Corporation
The current Administration’s recent imposition of tariffs on U.S. imports has sent shockwaves through the global economy, with far-reaching implications for international trade, supply chains, and tax valuation. In this article, we will explore the rationale behind tariffs and their economic, technical, and tax valuation implications.
Trade Turbulence
On April 2, the Administration announced tariffs on approximately 90 countries, with a list of “reciprocal”...
28
Apr
By Marc Chandler, Chief Market Strategist, Bannockburn Capital Markets
The global economy has entered a phase of heightened uncertainty, and at the center of this instability stands the United States. In a reversal of its traditional role as a pillar of predictability and leadership, the U.S. has adopted an erratic posture—rife with sudden feints, policy reversals, and institutional strain. Nowhere is this more evident than in the Trump administration’s economic and foreign policy strategy, which increasingly appears less a coherent vision...
28
Apr
A sharp drop in U.S.-China trade, driven by escalating tariffs, has led to a surge in blank sailings, exceeding levels seen during the pandemic. Over 80 sailings were canceled in April 2025, surpassing the 51 reported in May 2020. Sea-Intelligence data forecasts a 28% drop in container demand on the Asia–U.S. West Coast route and 42% on the East Coast. Smaller carriers that rely on Chinese exports are facing severe strain, with some at the point of collapse. Empty container stockpiles...
25
Apr
European Commission imposes landmark DMA fines on Apple and Meta
On Wednesday (23 April), the European Commission sent a strong message to Big Tech companies by announcing significant fines for Apple and Meta due to their non-compliance with the EU’s Digital Markets Act. The European Commission fined Apple €500 million and Meta €200 million, asserting that both giants have stifled competition and limited consumer choice through their operational practices. This decisive action marks the first instance of non-compliance fines issued under the...
24
Apr
By Marc Chandler, Chief Market Strategist, Bannockburn Capital Markets
The global economy has entered a phase of heightened uncertainty—and at the center of this turbulence stands the United States. In a striking reversal of its traditional role as a pillar of predictability and leadership, the U.S. has adopted an increasingly erratic posture, marked by sudden policy feints, reversals, and mounting institutional strain. Nowhere is this more evident than in the Trump administration’s economic and foreign policy approach, which resembles less a...
24
Apr
CFOs and CISOs should collaborate to mitigate cyber risks, strengthen internal controls and confirm accurate financial reporting.
Regular evaluations of cyber risks, including identity management, endpoint security and third-party risks help maintain financial data integrity.
Prioritizing financial systems in response plans supports resilience, accurate disclosures and faster recovery from cyber threats.
Ongoing communication between finance and security teams makes sure cybersecurity measures evolve with business changes and regulatory demands.
As cyber threats become more sophisticated and pervasive, collaboration between...
24
Apr
The Netherlands
Personal Income Tax: Information request for assessment actual yield on savings
Savings and investments (Box 3) in income tax returns are currently taxed based on a notional yield - a fixed yield, that is expected based on the type of savings or assets. Changes have been made to the structure of Box 3, which was required due to supreme court rulings. The house of representatives wishes to have a tax system whereby the actual yield is being taxed, aiming...
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