On December 21, 2011, the U.S. Securities and Exchange Commission (“SEC”) adopted a final rule modifying the net worth standard for “accredited investors.” This Update discusses that rule.
This Update discusses the postponement of the NLRB posting requirement that was to be effective on November 14, 2011.
Three bilateral Free Trade Agreements (FTAs) were passed in October 2011: the U.S. – Colombia Trade Promotion Agreement, the U.S. – Panama Trade Promotion Agreement, and the U.S. – Korea Free Trade Agreement, known as KORUS (in order of approval). Recently, the implementation phase of the U.S. – Colombia Trade Promotion Agreement was launched formally and the South Korean President signed KORUS implementation laws on November 29, 2011. Author: Karolien M. Vandenberghe
The Netherlands a tax paradise?
The term ‘tax paradise’ is often used in a negative sense. Only a year ago, President Obama suggested the Netherlands are a tax paradise; it was said that obscure tax avoidance strategies involving mailbox companies was costing the United States billions of dollars in lost revenues. After protests from the Dutch Ministry of Finance and diplomatic discussions, the White House stated that President Obama’s remarks were based on a misconception. Matters were not at all obscure…
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