News & Policy

BABC sister chapter, BritishAmerican Business, Releases Statement on UK General Election Result

London/New York (12/13/19) - We congratulate the Prime Minister on his victory in the General Election. The transatlantic business community represents the UK’s single most important economic relationship; a relationship that is defined by jobs, innovation and growth for the UK. The success of American and other international firms in the UK is a consequence of the UK’s stability and openness to trade and business. In that context, we hope that the election outcome will lead to an end of the uncertainty caused by the UK’s decision to leave the EU. BritishAmerican Business endorsed the Withdrawal Agreement negotiated between the previous UK Government and the European Commission and we remain

2019 Aerospace manufacturing attractiveness rankings

PwC's annual aerospace manufacturing attractiveness rankings report is a guide to promising geographic locations for aerospace development. The index offers comparisons within the United States and globally as well, providing organizations with data they can leverage to help plan for the future. PwC’s weighting system represents one way to evaluate the data and that individual users may tailor the weightings differently. Our quantitative framework can help provide industry leaders with information to optimize the supply chain, control costs and plan for future growth. Access the report and data.

BABC sister chapter, BAB, Publishes its Position on Digital Services Taxation: Taxing the 21st Centu

BABC sister chapter, BAB, published its position on taxing digital services, including a number of recommendations on how to create a fair, modern and global framework for taxation. The paper, produced by BAB in consultation with its members, stakeholders from the OECD, governments, and academia, concludes that whilst the process of creating a fair framework for taxing digital profits is, and will continue to be, difficult, there is nonetheless cause to be optimistic; stakeholders should use the renewed momentum behind a global solution to refocus their efforts behind the current OECD proposal for a “Unified Approach” under Pillar One. Read the paper in full here.

US Investment in the UK at All Time High

US venture capital firms have pumped record amounts of money into London and UK companies this year as flourishing fintech firms continue to charm investors, new data has revealed. American investors have been involved in $4.4bn (£3.4bn) worth of deals into UK firms so far in 2019, with London businesses accounting for more than three-quarters of the investment, according to research from Pitchbook and London & Partners. Read the article in full here.

UK Government Publishes Data Showing UK Trade with Individual Countries Since 1999

The House of Commons Library has released a briefing paper illustrating the geographical patterns of trade for the UK between 1999 - 2018. The data shows that the EU remains the UK's largest trading partner, accounting for 45% of the UK's exports of goods and services, and 53% of the UK's imports - however this has fallen from its 1999 level of 55%. The United States is the UK's largest individual trading partner. The UK exported £121bn of goods and services to the US in 2018 (19% of all exports) - double the value of exports to Germany, the UK's second-largest single country export market (£56bn annually) Read the document in full here.

Shearman & Sterling Release FinTech Guide for Firms Entering the US Market

Shearman & Sterling have released a comprehensive guide to entering the US market for FinTech firms, in association with the UK Department for International Trade and HM Treasury. Featuring nearly 50 pages of expert advice from Sherman, it includes an overview of the US FinTech landscape, regional FinTech hubs, US FinTech regulation, Data Privacy, Investment Management and many other considerations necessary for any FinTech firm looking to go stateside. You can read the publication in full online here.

Registration for the 2020 SelectUSA Summit is Now Open

The Summit to take place 1-3 June 2019 at Washington Hilton, Washington D.C. The annual SelectUSA Summit showcases the United States as the world's premier investment destination, connecting qualified foreign firms with US economic development organizations (EDOs) to facilitate business investment and job creation. The Investment Summit will help you make connections and get started on business deals: EDOs on site to share business location intelligence. Pre-vetted potential investors actively seeking business opportunities in the United States. Relevant service providers that can help investment possibilities become realities. C-Suite executives and government officials who can discuss the

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Moore Kingston Smith

Moore Kingston Smith is a dynamic, leading UK firm of accountants and advisers to businesses which range from entrepreneurial start-ups through to large international groups. The firm is a leading member of Moore Global, a worldwide accountancy and consulting network of more than 260 firms, helping to navigate the complexities and opportunities of business on local, national and international levels. Moore Kingston Smith has a dedicated North America Group of international expansion specialists that have been supporting both UK companies planning to expand to North America and businesses from across the Atlantic looking to enter the UK market for over three decades.

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