![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
08
Feb
VULCAN VIEW - KEY EVENTS THIS WEEK:
Nebulous, hell... Brexit impasse continues Prime Minister Theresa May and Taoiseach Leo Varadkar engaged in a game of shadow boxing this week with both leaders making separate trips to Belfast and Brussels. In a bid to assure communities in Northern Ireland, May and Varadkar reaffirmed their commitment to maintaining an invisible border on the island. However, during the PM’s two day visit there were no new alternatives put forward to break the impasse. In an...
07
Feb
In his second State of the Union address to Congress, President Donald Trump noted that he campaigned on several core promises, including “to defend American jobs and demand fair trade for American workers.” He argued that his administration has “moved with urgency and historic speed to confront problems neglected by leaders of both parties over many decades” and indicated that “one priority is paramount – reversing decades of calamitous trade policies.”
His prepared speech included comments on the ongoing trade dispute with...
07
Feb
Catena Technologies today announced a strategic alliance with USAM Group, a member of the EACCNY, that expands availability of Catena’s flagship derivatives compliance solution to financial institutions in North America and Europe.
Under the agreement, USAM will provide marketing and sales strategy and execution for the TRACE Reporting solution, which automates reporting of derivatives trades to global regulators.
"Regulatory and trade repository changes coming up in 2019 will require major changes to trade reporting systems, creating a compelling opportunity for...
07
Feb
By Ákos Bajorfi | Noerr
On 1 January 2019, new legislation entered into force which set out significant restrictions on foreign investors intending to make direct or indirect investments in certain strategic sectors in Hungary (Act LVII of 2018 on the Supervision of Foreign Investments Violating the Security Interests of Hungary (‘SFI’)). This will have an impact on a considerable number of transactions in Hungary in the future.
The SFI applies to ‘foreign investors’, which are defined as natural persons and...
06
Feb
By Michael Molenaars, Jeroen Smits, Maarten de Bruin, Reinout de Boer, Emile Bongers, Joost Eyck
On 4 February 2019, the Dutch State Secretary of Finance sent a letter to the Dutch Parliament announcing transitional rules for Dutch taxes (other than customs legislation) if there will not be a Brexit withdrawal agreement (i.e. a no deal Brexit). The letter includes an outline of the transitional rules. Further - more detailed - guidance is being prepared and is to be issued at a later stage. According to the letter, the...
06
Feb
Treasury and finance professionals anticipate more operational challenges in 2019 than in previous years, according to a recent survey conducted by TD Bank, America's Most Convenient Bank®, at the 2018 Association for Financial Professionals Annual Conference in Chicago, Illinois. The risk of payments fraud/cybersecurity topped professionals' list of concerns, with 44 percent naming it their top operational challenge, a 14 percent year-over-year increase.
The ability to adapt to or process faster/electronic payments is an obstacle for 37 percent of survey respondents, also...
06
Feb
If the UK does not end up remaining in the customs union or in the EU VAT area under a no-deal Brexit scenario, firms can expect an increase in processing time and costs.
When assessing the tax impact of no-deal Brexit you have to look at the rules which are directly derived from the EU legal framework and those which are indirectly impacted. VAT, Customs Duties, State Aid and to some extent withholding tax (WHT) are the primary ones affected,...
04
Feb
By Bruno Gasparotto, Sophie Weyten, Nicolas Conrad, Claire Schmitt
The Luxembourg VAT authorities (AED) have published a short preparedness notice about the VAT related consequences of a British exit from the European Union (EU) without a withdrawal agreement as from 29 March 2019.
Concerning supplies of goods between EU Member States and the United Kingdom (UK), the intracommunity rules for cross-border supplies and movements within the EU will no longer apply to the UK as from 29 March 2019. Supplies and movements of goods...
Other Chapter News
