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Member News
Member News
15
Jan
By Lucinda Creighton, CEO & Robert O’Reilly, Strategic Counsel | Vulcan Consulting
Situation Analysis
Today’s vote presents yet another “crunch moment” in the long running Brexit saga. For those who have not been following in any great detail, this is Prime Minister Theresa May’s big moment in the House of Commons, when she will attempt to get the deal she has agreed with the European Union through by way of parliamentary vote. This so called ‘Exit Deal’ does not set out the...
14
Jan
By William Rhodes | President & CEO | William R. Rhodes Global Advisors
A decade after the financial crisis, banks haven’t lost their capacity to shock. From Wells Fargo’s fake accounts to Goldman Sachs’ involvement in Malaysia’s 1MDB scandal to allegations of money laundering at Danske Bank, failures of conduct and culture have damaged trust in banks and posed material risks to institutions’ profitability. Urgent reforms are needed to safeguard the health of the global financial system and rebuild public confidence...
14
Jan
By Marc S. Friedman | Director of Professional Relations| Global Commerce Education
In the most recent article in this series, I explained how many non-US companies, including Baltic businesses, are discouraged from exploiting a robust US marketplace by Myth #5 –If we enter the US we may be jeopardizing our valuable intellectual property. In this installment, I will address Myths #6 and 7 which are related - The US is very litigious and that is too threatening to a small company...
11
Jan
VULCAN VIEW - KEY EVENTS THIS WEEK:
European Union:
The Polish and Italian Election Coalition
With the European Elections in full swing, the leaders of the most popular populist parties in Poland and Italy will meet Wednesday to discuss a common strategy for the Elections in May. Matteo Salvini and Jarosław Kaczyński (PiS) are hoping that the common ground they have concerning migration and their euroskepticism, will enable a joint position in the next election. However, they have very different views on Russia.
PiS,...
10
Jan
2019: The Last Year for the Millennium to Be a Teenager
The year may be drawing to a close, but it is not clear that Annus Horribilis for investors will end. The projection of the 2017 synchronized growth upturn into 2018 hit the shoals of the business cycle. The fiscal stimulus gave the US an adrenalin rush, lifting growth to an average annualized pace of 3.8% in Q2 and Q3, but many models, based on market prices, warn of increased...
10
Jan
On 10 January 2019, the European Commission announced the opening of a formal State aid investigation into five tax rulings granted by the Dutch tax authorities to two Dutch entities of the Nike group between 2006 and 2015. This investigation concerns individual tax rulings and as such should not directly impact other taxpayers. Nonetheless, the investigation forms part of the Commission’s continuing efforts focusing on transfer pricing and valuation issues.
Under EU State aid rules, Member States are not allowed...
10
Jan
By John M. Weekes, former Canadian Chief Negotiator on NAFTA | Senior Business Adviser at Bennett Jones
From a Canadian business perspective, restoring a more certain trade environment in North America is at the top of any wish list for 2019. The American Section 232 tariffs on steel and aluminum last year sent a shock wave through the Canadian business community—one that is accentuated by the threat of further action resulting from ongoing investigations on automobiles and uranium.
And it is not just the...
09
Jan
By Sam Natapoff| President | Empire Global Ventures LLC
State & local governments have pressing social, economic fiscal challenges so why pay rich corporations? Here's why
After a 14-month competition among 238 North American cities for the richest economic development prize in a generation, on November 13, 2018 Amazon announced it would locate two new “headquarters” in Long Island City (LIC), New York City, and in Arlington, Virginia. In return for creating 25,000 jobs paying an average of $150,000 and investing $2.5 billion in each...