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IRS Announces End To Offshore Voluntary Disclosure Program
Category: Accounting / Financial
The Internal Revenue Service (IRS) has announced that Offshore Voluntary Disclosure Program (OVDP) is coming to a close. The program, which has been around in its current form since 2014, will officially end on September 28, 2018. That gives taxpayers a little over six months to come forward with previously undisclosed foreign financial assets. “Taxpayers have had […]
Source: Forbes
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AmCham EU: The 2018 Transatlantic Conference
Category: Trade
No two other regions in the world are as deeply integrated as the EU and the US. The transatlantic economy is responsible for €5.2 trillion total commercial sales, and employs 15 million workers on both sides of the Atlantic. A strong, vibrant EU-US relationship delivers growth and stability for our businesses and citizens. The Transatlantic Economy Report 2018 presents the most up-to-date facts and […]
Source: AmCham EU
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U.S. Chamber’s Donohue Comments on Prospects of Trade War
Category: Financial / Investment
WASHINGTON, D.C. — U.S. Chamber President and CEO Thomas J. Donohue issued the following statement today: “The U.S. Chamber is very concerned about the increasing prospects of a trade war, which would put at risk the economic momentum achieved through the administration’s tax and regulatory reforms. We won’t drive the economy to over 3 percent growth or continue […]
Source: US Chamber of Commerce
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American companies concerned over unilateral US trade action
Category: Government
US government plans to impose tariffs and limits on imports of steel and aluminium on the basis of national security, authorised under Section 232 of the Trade Expansion Act of 1962, would fail to appropriately address legitimate concerns regarding global overcapacity. It also risks a deterioration in transatlantic economic and political relations that could threaten […]
Source: AmCham.eu
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Silicon maker Elkem plans Oslo IPO as Chinese owner cuts stake
Category: Accounting / Financial
Norway’s Elkem, a producer of silicon for solar panels and a supplier to steel makers and chemical firms, plans to raise some 5 billion Norwegian crowns ($640.16 million) in an initial public offering, it said on Monday. The company’s current owner, China National Bluestar, will reduce its stake while remaining a long-term majority shareholder following […]
Source: CNBC
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