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TRANSATLANTIC NEWS

Chapter News, News

OECD | Corporate Tax Revenues Remain Elevated While Tax Rates Stabilise, According to New OECD Data

Corporate income tax (CIT) revenues remained at historically high levels in 2023, while corporate tax rates have broadly stablised, according to the 2026 edition of OECD Corporate Tax Statistics released today. Across 135 jurisdictions for which data is available, CIT revenues accounted for 17.3% of total tax revenues and 3.5% of GDP on average. While slightly lower than in 2022, these levels remain above pre-pandemic levels and earlier historical peaks. Corporate tax revenues continue to represent an important source of public finances, particularly...
Chapter News, News

IMF | How Central Banks Can Contain Financial Stability Risks as AI Accelerates Change

IMF Blog post | Stronger oversight, better data, and deeper coordination are needed to safeguard faster and more interconnected markets Artificial intelligence is reshaping how financial firms price risk, allocate credit, and respond to stress. It is increasingly embedded in the decision‑making architecture of the financial system. For central banks and financial supervisors, the key challenge is ensuring that AI is governed in ways that reinforce, rather than undermine, financial stability. Three priorities stand out: Strengthen oversight and governance of AI‑driven...
Chapter News, News

European Commission Publishes Guidelines on Transparency Obligations for Providers and Deployers of Certain AI Systems

Today, the European Commission published guidelines to assist providers and deployers of artificial intelligence (AI) systems in meeting the AI Act's transparency obligations, which start to apply on 2 August 2026. Transparency obligations will help people recognise when they are interacting with AI or when content has been generated or altered by AI, reducing the risk of deception and manipulation. The guidelines published today clarify which providers and deployers must comply with the transparency obligations for interactive AI systems and...
Chapter News, News, Trade & TTIP Related

U.S. Department of Justice | Trade Fraud Task Force Surpasses $1 Billion in Recoveries and Charged Losses in Less Than One Year

Enforcement Milestone Marks Strategic Pivot from Administrative Fines to Criminal and Civil Accountability Across the Global Supply Chain The Department of Justice announced today that the Trade Fraud Task Force (TFTF), launched in August 2025, with the Department of Homeland Security (DHS) has surpassed $1 billion in civil and criminal recoveries, penalties, forfeitures, and publicly charged losses in less than one year This milestone reflects a fundamental shift in the federal government’s approach to customs and trade enforcement, emphasizing rigorous...
Chapter News, News

ECB Selects 36 Payment Service Providers to Join Digital Euro Pilot

The European Central Bank (ECB) has selected 36 payment service providers (PSP) from across the euro area to participate in the digital euro pilot. The pilot exercise is crucial for testing the digital euro’s technical functionality and operational processes, as well as for refining user experience. The pilot aims to support the ongoing preparatory work for the potential issuance of a digital euro, and is due to start during the second half of 2027 for a period of 12...
Chapter News, News, TRIA News

Trump Administration Secures an Additional $100 Billion U.S. Semiconductor Manufacturing Investment for a Total of $265 Billion from TSMC

As a result of the historic deal related to U.S. and Taiwan Trade and Investment announced in January 2026, TSMC has just announced an incremental $100 billion investment for a total of $265 billion in the U.S. This investment will result in four additional advanced semiconductor manufacturing facilities, bringing the total to 12 leading-edge semiconductor and packaging facilities. Today, the White House and the Department of Commerce announced an incremental $100 billion investment by TSMC for advanced semiconductor manufacturing and...

UPCOMING EACC EVENTS

    PARTNER EVENTS

    WEBINAR | Trepp Market Pulse

    Hosted by TREPP | Want to know what Trepp is watching in the markets and how it may impact commercial real estate (CRE)? Register now for their Market Pulse Webinar.

      MEMBER NEWS

      Member News, News

      Noerr | Digital Omnibus: AI Is Nearing the Finish Line – Is EU Data Law Heading Down the Wrong Track?

      The provisional agreement reached on 7 May 2026 between the European Commission, the European Parliament and the Council of the European Union regarding the Digital Omnibus on AI falls short of its stated aim of promoting innovation. Against this backdrop, the yet-to-be-reached agreement on the Digital Omnibus (on data law) is of paramount importance for Europe’s attractiveness as a business location. Rather than rushing to close a deal, the EU should seize this opportunity to enact genuine reforms that avoid stifling AI innovation at...
      Member News, News

      PwC | US Tax Policy – House Passes Budget Resolution for Third Reconciliation Bill Without Tax Committee Instructions

      The House on July 22 passed by a vote of 216 to 214 a fiscal year 2027 budget resolution that would authorize a third budget reconciliation bill in the 119th Congress to address military spending, election security, and farm assistance. The proposed budget resolution contains $95 billion in reconciliation instructions for four House committees to approve their portions of the reconciliation legislation by September 11. The reconciliation instructions are for the Agriculture ($12 billion), Armed Services ($60 billion), Intelligence ($10 billion),...
      Member News, News, Trade & TTIP Related

      Thompson Hine | USTR Implements Tariffs in Section 301 Forced Labor Investigations

      On July 23, 2026, the Office of the U.S. Trade Representative (USTR) announced in a Notice of Action its final action in the Section 301 investigation of 60 economies for “their failure to impose and effectively enforce a prohibition on the importation of goods produced with forced labor.”  Under Section 301 of the Tariff Act of 1974, the USTR has made the following determinations: 10 percent is the appropriate rate of Section 301 duties for investigated economies that (i) impose a...
      Member News, News

      Trepp | The CRE Rundown – The Big Picture (July 24, 2026)

      (excerpt) Retail sales increased in May for the fourth straight month, while consumer sentiment—as measured by the University of Michigan's monthly survey of consumers—fell to a record low. How, then, are consumers financing their spending? The answer had been credit cards. Card balances grew in March and April at the strongest back-to-back pace in three years, but they fell by a 4.7% seasonally adjusted annualized rate in May, with the decline likely the result of repayment after heavy spring borrowing....
      Member News, News

      Arendt | EBA Publishes ESG-focused Updates to Product Governance and Pillar 3 Disclosure Frameworks

      On 30 June 2026, the European Banking Authority (EBA) published revised Guidelines on product oversight and governance (POG) for retail banking products. The revised Guidelines strengthen the existing POG framework by explicitly incorporating ESG and greenwashing considerations. Embedding ESG features into the POG framework The amended Guidelines clarify that product oversight and governance arrangements for retail banking products for both manufacturers and distributors should also apply to products with ESG features. Manufacturers and distributors are expected to take ESG features of a product into...
      Member News

      Littler | The Global Guide on Employment Law Quarterly (Quarter 2, 2026)

      The Global Guide Quarterly (GGQ) is a newsletter published by Littler on a quarterly basis to provide high-level and concise coverage of global labor and employment (L&E) law developments in key countries across the Americas, the Asia-Pacific (APAC) region, and Europe, the Middle East, and Africa (EMEA). The GGQ aims to help multinational enterprises stay informed about important changes in the L&E law framework by covering enacted legislation, significant judiciary or regulatory decisions, legislative initiatives, and trends impacting employers. The...

      Latest & Leading

      New Micropodcast Series: What’s Happening Across the Atlantic

      The EACCNY is happy to announce the launch of its “What’s Happening Across the Atlantic” series, an initiative that aims to offer our members and wider audience hands-on updates on current affairs and policy developments on both sides of the pond. In these 3-5 minute segments, EU and US policy makers and experts along with a select group of EACCNY members will answer a single timely question: What’s Happening Across the Atlantic” focusing on a specific topic that is relevant to our audience.

      Member Spotlight

       

      Anchin works alongside privately held businesses, investment funds and high net worth individuals to guide them on a wide range of traditional and specialty advisory services. With a diverse staff of approximately 600—including 70 partners, principals, and managing directors—Anchin provides ahead-of-the-curve thinking in all of our practice areas. Our services include accounting and assurance, tax planning and compliance and advisory to a wide range of clients. We proudly empower our clients to realize their goals and drive success, in any economy. We’re excited to share our capabilities are expanding. Effective July 1, 2026, Anchin will be combining with Baker Tilly, a leading advisory, tax, and assurance firm. The agreement brings together our two firms, both known for deep industry specialization, long-standing client relationships, and a shared dedication to serving middle-market clients with high-quality services. Moving forward, we’re committed to continuing to deliver the same level of attention and relationship focus that’s made us the firm of choice for so many of our clients.

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      EACCNY in Numbers

      Other EACC Chapters

      EACCNY Presidential Circle and Platinum Members

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