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Member News
Member News
01
May
May FX outlook – corrective tone to continue given shortage of major events
April saw more unwinding of the positive USD trade as the Trump administration failed to add any real meat to the bones of its tax plan. Although Trump did produce a tax proposal at the end of April, it lacked major detail and now has to go through the Congressional budget process, which is likely to take months. It may yet prove USD supportive but any market...
28
Apr
Iceland’s export-driven economy with fishing, energy and aluminum smelting as its staple industries, has become increasingly competitive as it benefits from a strong commitment to open market policies that facilitates dynamic flows of trade and investment.
With the opening of its new branch in Iceland, DS-Concept continues to strengthen its position as a leader in global trade finance. The new branch located in Reykjavik will service its growing client base of trading companies and processors in the seafood and consumer...
24
Apr
Update on Property Tax Issues: IPTI May 2017
The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep members up to date with the latest developments in property taxes both 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). As far as Europe is concerned, this month’s report includes articles concerning Croatia, Ireland, Latvia, Norway and a focus...
24
Apr
The Toy Association – the largest trade association of its kind in the world – today unveiled a new mission statement, new name, and major re-brand driven by an innovative strategic plan. Formerly called the Toy Industry Association, The Toy Association supports a diverse membership whose global reach is revolutionizing the face of toys and play. The organization’s member-focused programs, products, trade shows, and consumer events promote international business growth for all members. Its new tagline, “Inspiring Generations of...
24
Apr
The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep members up to date with the latest developments in property taxes both in the USA and Europe.
New York City and State –
POPULAR TAX INCENTIVE RETURNS (BUT PERHAPS IN NAME ONLY):
The 421-a program was established in 1971 as a property tax incentive intended to spur residential development in New York City. Its proponents viewed it as a means to generate affordable apartments and thereby curb...
21
Apr
Speaker Paul Ryan and other leading House Republicans are pushing a tax plan that would exempt
income from exports from U.S. corporate taxes while denying tax deductions for the costs of imported
inputs of goods and services into U.S. production. This proposed “border adjusted tax” could cause cascading
harm to U.S. consumers, workers, manufacturers, retailers and, indeed, the entire U.S. economy.
In effect, this so-called BAT would tax imports and subsidize exports. It would discriminate against imported
products by denying them...
21
Apr
By Sally A. Painter
As the European Union celebrates the 60th anniversary of the Treaty of Rome, it is impossible to ignore that the fate of international institutions in the West is in question. Whether in the form of Brexit, Trump, governments in Hungary and Poland, or populist candidates across Europe, antipathy and distrust towards international institutions and multilateral arrangements has brought new calls for the re-nationalization of state authority, sovereignty, and local identity.
How did we get here?
International institutions and...
21
Apr
On 13 April, a circular letter (Dutch/French) was issued by the Belgian General Tax Administration that puts an end to a discussion that had been going on for some time with respect to the reduced valuation of stock options or warrants granted to persons who use a personal service company to deliver services.
While the informal practice of applying the lower of two valuation methods for the benefit in kind is now outlawed, the Minister of Finance implicitly tolerates the...
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