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EIB Global and the European American Chamber of Commerce New York establish the Transatlantic Resilient Infrastructure Alliance in collaboration with the United States DFC and EXIM Bank. The European Investment Bank (EIB) and the European American Chamber of Commerce New York (EACCNY) signed a Memorandum of Understanding to establish the Transatlantic Resilient Infrastructure Alliance, a platform for engaging with the private sector to boost infrastructure financing in low- and middle-income countries. Read more.
Compliments EACCNY
What To Know About New Employment Laws In Fla. As part of the 2024 Florida legislative session, lawmakers passed, and Gov. Ron DeSantis signed, a wide array of new state laws that went into effect on July 1. In light of these changes, it's important that companies review their employee rosters to ensure compliance with both state and federal laws. Read more.
Renunciation of U.S. Citizenship: Understanding the Consequences and Benefits. According to the U.S. Treasury Department, every year a significant number of Americans renounce their U.S. citizenship. The reasons vary, and often include a stronger allegiance to another country, family dynamics, or the complexities of U.S. tax and financial regulations for citizens living abroad. Renouncing U.S. citizenship is a major decision with far-reaching consequences. Read more.
Compliments Greenberg Traurig
All Geopolitics Are Local. The presidential election will be decided on domestic issues, but Vice President Harris and former President Trump are still touting their foreign policy platforms as they seek to woo voters. In America, the two parties are divided on whether to join the electric vehicle transition but are united against Chinese imports. In the European Union, the situation is exactly reversed. Former President Trump, Vice President Harris, and members of Congress have proposed no shortage of new tax benefits as they seek to curry favor with voters, but revenue offsets are in far shorter supply. Read more.
Corporate Transparency Act Compliance. The federal Corporate Transparency Act (CTA) requires disclosure of information about all corporations, limited liability companies and limited partnerships (unless exempt), and personal information about their beneficial owners as well as personal information about the persons who form those entities. This requirement became effective on January 1, 2024, for all such entities unless otherwise exempt by the regulation. Read more.
Compliments Cozen O'Connor
Uncovering the complexities and opportunities of qualified small business stock. Qualified Small Business Stock (QSBS) is a powerful but complex tax incentive that can offer significant benefits to small business investors. While it presents attractive tax-saving opportunities, QSBS also comes with stringent requirements and potential risks. This overview explores the advantages and challenges, emphasizing the importance of professional guidance in navigating this area of tax law. Read more.
Compliments Kaufman Rossin
The stony road to de-fragmentation of EU Foreign Direct Investment Control (FDI). On 9 September, Mario Draghi published a report on ‘The Future of European Competitiveness’ highlighting the need for the EU to strengthen its Investment Screening Mechanism. The report finds that “[t]his fragmentation prevents the EU from leveraging its collective power in FDI negotiations and complicates the formulation of a common FDI policy.” Indeed, EU foreign direct investment screening focuses on individual investments at the national level. But are European Governments ripe to shift competencies and “de-fragmentize”? Read more.
Compliments Squire Patton Boggs
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