By Revinax From a worldwide first in mixed reality to outer space After being the worldwide first to introduce mixed reality in the OR, the Revinax team is very excited to announce that we’ve been selected by the European Space Agency to develop immersive tutorials to train and help astronauts. Our patented tutorial technology was a top candidate in the ESA-BIC Incubator Program of ESA’s competitive cluster Aerospace Valley.  Even though the ESA counts 16 other incubators in Europe, ESA-BIC Sud France is its...

By Michelle A. White | Associate | Miami, FL |mawhitelittler.com |(305) 400-7549 | Littler According to a news report,1 the Department of Homeland Security (DHS) is considering ending the ability to extend H-1B visas beyond the six-year limit of authorized stay.  Historically, the extensions have been possible pursuant to the American Competitiveness in the Twenty-First Century Act (AC21), which previous administrations have interpreted as allowing such extensions.  The current administration is reconsidering this interpretation in light of the administration’s “Buy America, Hire American” initiative. ...

By Revinax Dr. Ros becomes member of French Academy of Surgery The Revinax team continues to reap in the distinctions at this end of year. On December 6th, our CEO, Dr Maxime Ros, was elected Associate Member of the French National Academy of Surgery, l’Académie Nationale de Chirurgie. He was awarded this distinction for his work on how immersive 3D virtual reality can contribute to teaching and training surgeons. The National Academy of Surgery, a prominent institution. The National Academy of Surgery...

By Dennis L. Cohen | Co-Chair, Tax | Philadelphia |(215) 665-4154 | dcohencozen.com | Cozen O'Connor This Alert, which is one of a series from Cozen O’Connor dealing with the recently enacted federal tax reform legislation, summarizes the salient provisions of the new law affecting tax-exempt organizations. Perhaps most noteworthy are the proposals that did not survive the legislative process. For example, none of (i) repealing the income tax exemption of interest on § 501(c)(3) bonds; (ii) imposing the unrelated business income...

By Bannockburn Global Forex LLC   The USD fell back towards the end of December against the majors despite the passage of the US tax reform, which is expected to provide a modest boost to US growth through 2018 and beyond. The USD weakness towards the end of the month did not have an obvious trigger, and may be best ascribed to seasonal factors, which do tend to weaken the USD towards the end of the year. However, the EUR did...

By Loyens & Loeff On 20 December 2017, the Dutch government submitted the bill for ratification of the Multilateral Instrument (“MLI”) to parliament. The bill contains a summary of the various BEPS measures to be implemented by the MLI, without giving much guidance for interpretation. The positions taken on the MLI do not deviate from the provisional list of choices and reservations notified by the Netherlands to the OECD in June 2017. Background The Netherlands signed the MLI in June 2017. The...

By Richard J. Silpe |Co-Chair, Tax| (215) 665-2704 | rsilpecozen.com | Cozen O'Connor On December 20, 2017, both houses of Congress passed H.R. 1, a comprehensive tax reform bill commonly known as the “Tax Cuts and Jobs Act,” (the Act) and was signed into law by President Trump on December 21, 2017. The Act makes major changes to federal income and estate tax law, including, among other things, numerous changes affecting businesses, individuals, tax-exempt organizations, the taxation of compensation arrangements, and fundamental aspects of...

By Catherine Alvino | Marketing Coordinator | DS-Concept Factoring, Inc. DS-Concept closed a 250 million HUF credit facility for a Hungarian trading company that sells household appliances and kitchenware domestically to big multinational corporations. Under the arrangement, the company plans to use the provided liquidity to accommodate the 60-90-day payment terms of its buyers and reach its ten-figure annual turnover goal. The client sought out DS-Concept when a former business connection pointed them in their direction. As a new trading...