The “smart money” is flashing a signal that the US economy and ultimately the financial system, are in serious trouble. CNBC and other media outlets like to focus on stocks because they tend to be more volatile and therefore more exciting. But BONDS are the “smart money” for the financial system. The Bond market is larger, more liquid and involves more sophisticated investors than stocks. As such it usually picks up on major issues much earlier. On that note, the Bond market yield curve is flattening rapidly. It has already broken through the election night lows and is now approaching the BREXIT lows. What does this mean? That the “smart money” is more nervous today, than it has been since the UK LEFT THE EU. If you don’t remember what happened in the week that followed BREXIT, many EU banks were limit down losing 15%-20% in a matter of days. The bond market is sensing that kind of issue right now. Some VERY smart people, who manage VERY LARGE amounts of money, are positioning for an “event” like BREXIT… and stocks are completely clueless. We offer a FREE investment report outlining when the bubble will burst as well as […]
With streaming having crossed into – pardon the pun – the mainstream, the UK industry could do without the complexity and uncertainty of Brexit’s potential impact on a largely booming business.
The British music industry pre-Brexit is a little like the Yellowstone volcano: ostensibly in pretty fine shape, but dogged by the suspicion that it might blow up in the near future – and with little the locals can do to prevent it.
The post Country profile – UK 2017 appeared first on Music Ally.
The House Of Lords yesterday debated the need for more transparency for artists and songwriters over how their recordings and songs are being exploited in the digital domain, as Liberal Democrat lord Tim Clement-Jones put forward his previously reported amendment to the Digital Economy Bill. A representative of the government concurred that “the principle of transparency is an important element of well-functioning markets”, before confirming that ministers intend to continue to engage in the ongoing review of copyright law at a European level – which includes measures to force more transparency on the copyright industries – despite all that Brexit hoo haa. As previously reported , part two of the ‘Dissecting The Digital Dollar’ report – produced by CMU Insights for the UK’s Music Mangers Forum last year – confirmed that, for the artists, songwriters, managers and lawyers involved in the roundtables that informed the report, transparency was a key issue as the streaming market continues to evolve. Managers argue that, too often, they and their artists are left in the dark about the deals done between labels, publishers, collecting societies and the streaming services. This means that artists are often unable to properly audit the digital royalties they […]
Another legal challenge to a data transfer authorization mechanism relied upon by Facebook and thousands of other companies to legally move user data from the European Union to the U.S. for processing has kicked off in the Irish High Court today. The hearing is expected to last three weeks, and is taking place in Ireland because Facebook’s European headquarters are located in the country. Last May the Irish data protection commissioner said it was referring standard contractual clauses (SCCs) — sometimes referred to as “model contract clauses” — to Ireland’s High Court to seek a referral to Europe’s top court, the CJEU, for a definitive ruling on the legality of the mechanism. In a recent memo about the action, the Irish DPA writes on its website: The DPC [data protection commissioner] is now asking the High Court to make a reference to the CJEU in relation to the validity of the SCCs mechanism. This step has been taken because the DPC has concerns as to the validity of the SCCs when considered in the light of a number of factors, to include Articles 7, 8 and 47 of the Charter of Fundamental Rights of the European Union, and the […]
Proposed changes to Irish copyright law – how the Arco lamp case shone a light on the protection of industrially produced artistic works
Under Irish law, copyright protection for artistic works lasts for 70 years after the death of the author. There are two exceptions to this: (i) copyright protection in a design registered under the Industrial Designs Act 2001 lasts only for 25 years from the filing date of the design and (ii) artistic works “ exploited by an industrial process ” receive copyright protection for 25 years from when they are first marketed (in this article, both of these works are collectively referred to as “ industrially produced artistic works ”). Prompted by a decision of the Court of Justice of the European Union, Ireland is now set to follow the UK by amending the Copyright and Related Rights Act 2000 (the “ Copyright Act ”) to extend the term of copyright protection for industrially produced artistic works from 25 years to 70 years from the death of the designer. This increase in the term of copyright protection for such works means that where they are over 25 years old, copyright will effectively be restored. This proposed change in the law is likely to impact Irish designers, retailers, manufacturers and consumers. THE ARCO LAMP CASE In this case, the authorised […]
INTERNATIONAL World IP Day 2017: “Innovation – Improving lives” The World Intellectual Property Organization (WIPO) has announced that the theme for this year’s World Intellectual Property Day taking place on 26 April is “Innovation – Improving lives”. You can find out more about the campaign here . Japan/EU FTA “before the year is out” According to media reports, the Japanese government wants to conclude a free trade agreement (FTA) with the EU this year. Prime Minister Shinzo Abe’s government was hopeful of the Trans-Pacific Partnership (TPP) going ahead, but Donald Trump’s election in the US has cast doubt on whether the FTA will ever come into force, which is why Japan is eager to partner with the EU. Separately, during his last trip as US Secretary of State, John Kerry defended TPP by saying: “I can’t predict what the new administration is absolutely going to do with the trade, but I can absolutely tell you that the fundamental reasons for the TPP haven’t changed.” New Zealand/EU FTA in the pipeline? According to New Zealand’s Prime Minister, an FTA between New Zealand and the EU could be just three years away. Bill English met EU leaders during first overseas trip […]
Dans sa négociation avec l’Europe, la Grande-Bretagne brandit une menace : celle de devenir un paradis fiscal, juste aux portes de l’Union européenne.
Suite au discours de Theresa May ce mardi 17 janvier, le Royaume-Uni a fait passer un message à l’Union européenne :”Si le pays n’obtient pas de bons accords commerciaux, il créera ici un paradis fiscal aux portes de l’Europe et de la France“, déclare Loic de la Mornais, envoyé spécial à Londres.
L’Irlande, le concurrent gênant
Dans un paradis fiscal, le taux d’imposition sur les sociétés est très faible (environ 12%) et cela permet d’attirer les sièges des multinationales. Il est actuellement de 33% en France. “En théorie, cela peut marcher,mais
As predicted earlier, as one of the measures considered inevitable to apply to staying in the single market, the UK government decided on adoption of the new EU data law, due to come into force in 2018.
The EU General Data Protection Regulation (GDPR) introduces strict penalties for companies that suffer data breaches, obliges them to disclose data disasters and forces them to obtain clear consent before processing individuals’ personal information.
Under the new rules companies will be threatened with astronomic fines up to 4% of global turnover or €20 million (£16.9m), whichever is larger, for a breach, caused by either a cyber attack or human error (or deliberate physical action).
Recently, UK’s data protection authority, the Information Commissioner’s Office (ICO) can impose a maximum penalty of £500,000 on companies that fail to adequately protect their customers’ (or their employees’) personal data.
Le président de la Commission européenne, ex Premier ministre du Luxembourg, aurait empêché l’UE de lutter contre l’évasion fiscale lorsqu’il était à la tête de son pays, selon des documents révélés par le quotidien britannique The Guardian et le Consortium International de Journalistes d’Investigation. Les pays européens sont supposés collaborer, depuis près de 20 ans ( !), au sein du comité « Fiscalité des entreprises » crée par le Conseil européen en 1998, également appelé groupe Primarolo. Cette enceinte discrète n’a guère fait parler d’elle dans le cadre de la lutte contre l’évasion fiscale, et pour cause. Placé à l’origine sous la présidence de Mme Dawn Primarolo, trésorier-payeur général du Royaume-Uni, il a élaboré des propositions peu contraignantes et n’a pas abouti sur les principaux dossiers (voir Contexte). Obstruction systématique Les documents « révèlent comment une petite poignée de pays ont utilisé leurs sièges au sein de ce comité pour faire avorter une action concertée de l’UE et protéger leur propre régime fiscal ». Les efforts pour lutter contre les stratégies d’optimisation fiscale et de concurrence déloyale (les mêmes qui sont en cause dans le scandale LuxLeaks) auraient ainsi été « régulièrement retardés, dilués ou tronqués » par quelques-uns […]
Demain tous freelances ! A en croire les résultats d’une étude du McKinsey Global Institute rapportée par Eric Hazan, 3 à 6 millions de salariés français envisageraient d’opter pour l’indépendance. Un boom qui pourrait stimuler la croissance, en favorisant la concurrence, mais sous réserve d’adapter les filets de protection sociales… Vous réactions en cliquant sur l’article ci-dessous :