In December of 2017 the Tax Cuts and Jobs Act (TCJA) was signed into law which marked the most significant change to U.S. tax laws in over three decades. President Biden has made it clear that he plans to make substantial changes to this tax law.
Thursday, March 11
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Now that Joe Biden is U.S. President-elect, we anticipate that some of the existing business-immigration roadblocks may dissolve. Practically speaking, however, implementation of more favorable rules will take time. In addition, lockdowns and limited resources due to a new wave of Covid-19 will continue to cause immigration delays, at least for the time being.
EU companies need to monitor and be prepared to address actions taken by the Trump administration on trade with China, Iran, and Russia in the near-term. While a Biden administration is unlikely to remove restrictions in the short-term, expect to see more cooperation on trade concerns with allies in Europe.
It is anticipated that President-elect Biden will immediately implement executive orders undermining President Trump’s policies related to immigration, climate change and management of Covid-19. It is also expected that the Biden-Kamala team will dedicate substantially more attention to data privacy which is significant to international data transfers, particularly in light of the July 2020 Schrems II decision invalidating the EU-US Privacy Shield due to US surveillance concerns.
Amcham Finland co-signed a letter to United States Secretary of Commerce, Wilbur Ross, highlighting the importance of quickly working with the European Commission to devise a stable and sustainable mechanism for transatlantic data transfers in light of the ECJ’s ruling on Privacy Shield.
On June 22nd U.S. President Donald Trump announced that he will suspend processing new applications of H1B, J-1 and L work visas effective June 24th. What does it mean for your company?
Most international business owners believe expansion into the US market requires a presence in a major city, such as New York City or San Francisco. And while these are obvious choices for some sectors, many businesses can benefit from considering rural locations.
U.S. is slowly reopening, Tesla reminds us of the complexity of operating in America, ‘quarantine fatigue’ is real and it’s happening in New York City, and the U.S.-China trade war isn’t going away soon
Tarja Keen, Founder and CEO of FinNero, succeeded in entering the ultra-competitive American retail market. This is her story.
Access your business needs with Amcham Finland in a 15-minute call.