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Understanding the New Meal and Entertainment Expense Deduction

Thursday, December 12th, 2019

The Meal and Entertainment (M&E) expense deduction changed dramatically with the passage of the Tax Cuts and Jobs Act (TCJA). It is important to keep these changes in mind when filing your 2019 tax returns and planning for the continued impact on your tax position in the years to come.   To understand the significance […]

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Commission Reinforces Tools to Ensure Europe’s Interests in International Trade

Thursday, December 12th, 2019

Today, the European Commission unveiled a proposal that will allow the European Union to protect its trade interests despite the paralysis of the multilateral dispute settlement system in the World Trade Organization (WTO). To further increase the focus on compliance and enforcement of the EU’s trade agreements, the Commission created today the position of Chief […]

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Enforcement of U.S. WTO Rights in Large Civil Aircraft Dispute: Request for Comments

Thursday, December 12th, 2019

[Billing Code 3290-F0] OFFICE OF THE UNITED STATES TRADE REPRESENTATIVE Docket No. USTR-2019-0003 Review of Action: Enforcement of U.S. WTO Rights in Large Civil Aircraft Dispute AGENCY: Office of the United States Trade Representative. ACTION: Request for comments. SUMMARY: The U.S. Trade Representative is reviewing the action being taken in the Section 301 investigation involving […]

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Regulation on Sustainability‐Related Disclosures in the Financial Services Sector Published

Thursday, December 12th, 2019

In response to growing concerns over climate change, and as part of broader efforts to connect finance with the specific needs of the European and global economy for the benefit of the planet and our society, the European Union has been examining how to integrate sustainability considerations into its financial policy framework in order to […]

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ECB Adopts Opinion on Appointment of New Executive Board Member

Wednesday, December 11th, 2019

The Governing Council of the European Central Bank (ECB) today adopted an opinion on a recommendation from the Council of the European Union on the appointment of a member of the ECB’s Executive Board. The Governing Council had no objection to the proposed candidate, Isabel Schnabel, who is a person of recognised standing and professional […]

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Second Circuit Holds Judicial Approval Not Required When Settling FLSA Claim Pursuant to Rule 68(a) Offer of Judgment

Wednesday, December 11th, 2019

On Dec. 6, 2019, the Second Circuit issued a decision in Yu v. Hasaki Restaurant, Inc. that will likely impact settlement of wage and hour actions under the Fair Labor Standards Act (FLSA). In a split decision, the court reversed a district court ruling and held that judicial approval is not required when settling an FLSA claim […]

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The European Green Deal Sets out How to Make Europe the First Climate-Neutral Continent by 2050

Wednesday, December 11th, 2019

The European Commission today presented The European Green Deal – a roadmap for making the EU’s economy sustainable by turning climate and environmental challenges into opportunities across all policy areas and making the transition just and inclusive for all. President Ursula von der Leyen said: ‘The European Green Deal is our new growth strategy – for a growth that gives back more […]

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Europe: High Financial Penalties for Infringements of Formal Obligations Incompatible with Freedom of Services

Tuesday, December 10th, 2019

On September 12, 2019, the European Court of Justice ruled that very high financial penalties for infringements of formal obligations in the context of a secondment are incompatible with the freedom to provide services. An Austrian contractor had contracted with a Croatian subcontractor to provide a service on Austrian territory. During an audit, the Austrian […]

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European Green Deal to Be Presented in Plenary by Commission President

Monday, December 9th, 2019

MEPs will debate the “European Green Deal” to make the EU the first climate-neutral continent, on Wednesday 14:00, in an extraordinary plenary sitting in Brussels. Following the Commission’s expected announcement of the “European Green Deal” on Wednesday 11 December, the European Parliament will have a first debate on it with Commission President Ursula von der […]

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An Unprecedented Trip of European Ambassadors Outside Washington, DC

Monday, December 9th, 2019

For the first time ever, nearly all European Ambassadors to the United States went on a joint trip outside of the Beltway to showcase EU unity and celebrate the close political, economic, and cultural ties between the European Union and the State of Maryland Are you sure this is going to work? Can we manage […]

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