Proposed US regulations will impact on UK insurers in spite of hopes that they might have been excluded from the Foreign Account Tax Compliance Act regime. Read Full Story
A coalition of several leading non-profit and commercial organizations, including the US Chamber of Commerce, has released a report warning against the introduction of the International Accounting Standard and the Financial Accounting Standard Boards' proposed lease accounting standard, noting the significant detrimental impact it would have on the United States' economy. Read Full Story
Vice President Joe Biden has announced that China has agreed to increase significantly the access on commercial terms for United States movies in its market, so as to resolve outstanding issues related to films after the latter’s victory in a World Trade Organization dispute last year. Read Full Story
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