Tag Archives: European Union

Transatlantic Trade: US and European Trade Talk Update – July 6, 2020

The European Union (EU) has begun lifting some restrictions on non-EU travelers to the bloc, approving non-binding recommendations for member states.  The United States (US), which has seen an increase in COVID-19 cases, is not among the list of countries whose citizens are permitted to travel to the EU.  The United Kingdom (UK) also released … Continue Reading

Transatlantic Trade: US and European Trade Talk Update – June 26, 2020

American officials continue to raise concerns with China’s perceived long-term goals, which they believe may undermine multilateral institutions, national security and sovereign interests, and democratic principles in general.  The COVID-19 pandemic has amplified existing concerns with China, and it may serve as the catalyst for further transatlantic cooperation aimed at responding to some of China’s … Continue Reading

Transatlantic Trade: US and European Trade Talk Update – June 19, 2020

America and European countries remain focused on securing a COVID-19 vaccine to prevent resurgences of the virus, with the European Commission unveiling a strategy this week to accelerate its coordinated efforts.  At a North Atlantic Treaty Organization (NATO) Defense Ministerial this week, partners focused on COVID-19 and other topics, including the US’ announcement to lower … Continue Reading

Transatlantic Trade: US and European Trade Talk Update – June 12, 2020

A potential area of increased transatlantic collaboration could center on ongoing efforts to reform the World Trade Organization (WTO).  China’s response to the COVID-19 pandemic may provide an avenue for the United States (US) and European Union (EU), along with the United Kingdom (UK) and other like-minded trading partners, to bridge divides on WTO reform … Continue Reading

Privacy vs. Security in the Post-pandemic World

Do you give up a little liberty to get a little protection?” As green sprouts start to appear in parts of the global economy, much uncertainty remains about how the COVID-19 pandemic will affect our collective future.  Amidst this ambiguity, one of the few things that appears certain is that technology will play a significant … Continue Reading

Transatlantic Trade: US and European Trade Talk Update – June 5, 2020

The United States has been experiencing large-scale protests in urban centers in response to the death of George Floyd, a black American citizen, in police custody in Minneapolis, Minnesota, on 25 May.  This is not the first time the country has seen protests related to racism against black Americans, but it comes amid a global … Continue Reading

EU Public Policy Update Financial Services and Taxation – Selected Developments From First Half of (H1) 2020

The European Commission (i.e. the European Union’s Executive Body) has started a new 5-year political mandate on 1 December 2019 under the leadership of its new President, the German Ursula von der Leyen. Three overarching priorities are woven into the EC policy agenda 2019-2024: (1) sustainability/climate neutrality (under the new European Green Deal), (2) digitalization … Continue Reading

Update on EU Sustainability Policies – Select Developments From First Half of (H1) 2020

This overview provides select EU policy developments in the broad area of sustainability – and how we can support businesses in managing and shaping these policy discussions to their advantage. Our Observations Despite the COVID-19 crisis, sustainability policy remains a top priority for EU policymakers. Now is the best time for businesses to engage in … Continue Reading

EU Public Policy Update ICT and Digital Markets – Select Developments from First Half of (H1) 2020

The European Commission (i.e. the European Union’s Executive Body) has started a new 5-year political mandate on 1 December 2019 under the leadership of its new President, the German Ursula von der Leyen. Three overarching priorities are woven into the EC policy agenda until 2024: (1) sustainability/climate neutrality (under the new European Green Deal), (2) … Continue Reading

Tariff War Continues – Digital Services Tax Moves Into the Crosshairs of Section 301

The Office of the US Trade Representative (USTR) is requesting comments for newly initiated Section 301 investigations on digital services tax (DST) adopted or under consideration by Austria, Brazil, the Czech Republic, the European Union, India, Indonesia, Italy, Spain, Turkey and the United Kingdom. Comments are due by July 15.  On June 2, USTR announced … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – June 3, 2020

Turmoil on America’s streets has become the primary focus of attention for the White House in recent days, marking a pivot away from the around-the-clock pandemic response posture that characterized the Trump Administration’s activity this spring. President Donald Trump and his top advisors are reportedly set to meet in the coming days to begin the … Continue Reading

Transatlantic Trade: US and European Trade Talk Update – May 29, 2020

The European Commission unveiled a revamped budget and recovery plan for the European Union (EU) this week, as the continent looks toward re-opening and beginning its recovery from the COVID-19 pandemic.  The United Kingdom (UK) also announced some lifting of restrictions this week.  The United States (US) Congress, meanwhile, has temporarily paused efforts on another … Continue Reading

Transatlantic Trade: US and European Trade Talk Update – May 22, 2020

The 73rd World Health Assembly (Assembly) convened virtually on 18-19 May; the US remains critical of the World Health Organization’s (WHO) response to the spread of COVID-19 and its relationship with the People’s Republic of China (PRC).  The Assembly is the key decision-making body of the WHO that is attended by representatives of the United … Continue Reading

Transatlantic Trade: US and European Trade Talk Update – May 15, 2020

On 4 May, the EU hosted a virtual international summit to secure approximately US$8.2 billion in pledged funding for research into vaccines and treatments for COVID-19.  While the US government did not participate in the summit (nor did Russia or India), it continues to prioritize securing a vaccine this year.  Meanwhile, the national trend in … Continue Reading

Transatlantic Trade: US and European Trade Talk Update – May 1, 2020

Google and Apple are collaborating on contact-tracing technology that allows for better communication between the two operating platforms to help alert individuals that may have crossed paths with a confirmed COVID-19 case. The two companies noted in a joint statement issued earlier this month, “[W]e hope to harness the power of technology to help countries … Continue Reading

Transatlantic Trade: US and European Trade Talk Update – April 24, 2020

The COVID-19 pandemic has significantly affected the global economy, as social distancing and shelter in place orders in various countries have affected employees, factories and global supply chains. After several weeks of restrictions, governments around the world are outlining plans to return to a “new normal,” post-COVID. US President Donald Trump released federal guidelines last … Continue Reading

Transatlantic Trade: US and European Trade Talk Update – April 17, 2020

As the curve of COVID-19 cases flattens in parts of the US and Europe, government officials are exploring ways to restart their economies.  Looking further ahead, doing so will likely include resuming the stalled transatlantic talks aimed at securing new trade agreements.  In the aftermath of the 2008-2009 financial crisis, governments kept the global economy … Continue Reading

House and Senate Financial Services Lawmakers Kick-Off the 115th Congress; Regulators Tackle Debt Collection, Insurance, and FinTech

Legislative Activity New Year, New Look for Senate Banking and House Financial Services Committees With the new Congress officially under way, both the Senate Banking and House Financial Services Committees have announced new Committee members. Joining Chairman Mike Crapo (R-ID) on the Senate Banking Committee are fellow Republican Senators David Perdue (R-GA), Thom Tillis (R-NC), … Continue Reading

EU Public Policy January 17 Update

Malta Taking Over the Rotating Council Presidency  The Presidency of the Council of the EU is rotating every six months among the EU Member States. The Presidencies are held by a group of three Member States which are rotating per semester. The Council’s Presidency is responsible to set up the agendas and to determine the … Continue Reading

EU Public Policy December 5 Update

EU Publishes Banking, Energy, and VAT Legislation In addition to our Washington legislative updates, Capital Thinking will now include EU legislative developments, covering updates from Brussels. The European Commission, responsible for proposing European legislation, published a number of legislative proposals last week. A package of reforms to strengthen the resilience of EU banks was published on November 23, … Continue Reading

Tax Reform Efforts Continue; Section 385, BEPS Implementation Dominate Regulatory Agenda

Legislative Activity The Long March to Tax Reform Continues On June 24, House Ways and Means Committee Chairman Kevin Brady (R-TX) released the House GOP’s Task Force on Tax Reform’s long-awaited tax reform “Blueprint,” which lays out the GOP’s tax policy agenda for 2017. Specifically, and as we discuss in greater detail in our alert, … Continue Reading

Tax-Writers Continue Debate on International Tax Reform, Inversions; Global Efforts on CbyCR Implementation Move Forward

Legislative Activity International Tax Reform v. Inversions Following up on Senate Finance Committee Chairman Orrin Hatch’s (R-UT) recent acknowledgment that his “corporate integration” proposal has been delayed, at least by “a few weeks,” it now appears that the House Ways and Means Committee may miss its self-imposed goal of March 31 by which to release … Continue Reading

House Divided on Fiduciary Rule, Puerto Rico; CFTC Likely to Proceed on Positions Limits Despite Industry Objections

Legislative Activity Lawmakers Still Divided on Labor’s Fiduciary Rule With the Department of Labor’s (DOL) Fiduciary Rule now with the Office of Management and Budget and being prepared for release in final form later this spring, last week Speaker of the House Paul Ryan (R-WI) emphasized his opposition to the proposal, noting that he is … Continue Reading
LexBlog