The University San Pablo CEU (Alumni) and the American Club of Madrid have organized an American week which includes an Election Debate: Republican vs Democrats on Oct 28

AMERICAN WEEK- OPENING CEREMONY

OCTOBER 28, 2020 Zoom Link: https://fusp-ceu.zoom.us/j/93538109010 Pasword: 080397

16:00-16:30 Acto de inauguración con la presencia de/Opening ceremony with the presence of:

Excelentísima Rectora. Dña. Rosa Visiedo Claverol

Mr. Scott Higgins. Political Counselor of the United States Embassy in Spain.

Ilustrísima Vicerrectora de Internacionalización. Dña. Ainhoa Uribe Ortalora

Ilustrísimo Vicerrector de Estudiantes D. Ángel Bartolomé Muñoz de Luna

President of the American Club of Madrid: Mr. Michael H. Brian.

16:30-17:00 “Diez claves para entender las elecciones americanas en la carrera hacía la casa Blanca” (in Spanish)

Ponente: Juan Verde. Asesor de Joe Biden, ex asesor de Obama, Hillary Clinton y Al Gore. Estratega internacional. Master en Administración Pública por la Universidad de Harvard.

17:00-19:00 “Debate on the American elections. Republicans vs Democrats” (in English)

Introduction of the debate and guests: Miss. Frances Aldrich. Board of Directors of the American Club of Madrid.

Guests:

Mr. Randy Yaloz President of Republicans Overseas France & US and French attorney and founding partner of Euro Legal Counsel Group  

Mr. Steven Tolliver Former President of Democrats Abroad Barcelona

Moderator:  Mr. Javier Martín Domínguez. President of the International Press Club Spain  

OCTOBER 29, 2020

 MESA 1 – IDIOMA ESPAÑOL   Zoom Link: https://fusp-ceu.zoom.us/j/96705440831 Pasword: 956269

 Presenta el evento: Prof. María Jesús Lago

16:00-16:30 "El futuro de la economía americana tras las elecciones"

Ponentes: D. José Mª Gay de Liébana: Comentarista de actualidad económica en los medios. Doctor en Economía y Derecho. Profesor titular de Economía Financiera y Contabilidad en la Universidad de Barcelona.      

16:30-17:00 “Las relaciones exteriores de USA tras las elecciones, el juego de poder"

Ponente: Miss. Bisila Bokoko: Fundadora y CEO de BBEs. Ex Directora Ejecutiva de la Cámara de Comercio de España en USA.

17:00-17:30 "Participación política y voto, ¿que mueve a los electores?"

Ponente: Dña. Leticia Sánchez De Pablo: Experta en oratoria emocional para líderes.

TABLE 2 - ENGLISH LANGUAGE Zoom Link  https://fusp-ceu.zoom.us/j/97591801789 Pasword: 172954

Host conference: Prof. María Isabel Abradelo de Usera

16: 00-16: 30 "Design of campaigns and election of the topics of the electoral agendas, their impact on voters"

Speaker: Ms. Leticia Sánchez De Pablo: Expert in emotional public speaking for leaders.

16: 30- 17:00 "Political communication in the framework of an electoral campaign"

Speaker: Prof. Ismael López Medel. Ph.D. Associate Professor. Director of the Public Relations program. College of the Arts. Azusa Pacific University, USA.

17: 00-17: 30 "Post-truth, misinformation and fake news in electoral campaigns"

Speaker: Mr. Antonio Ramos Ethical hacker. White Medal for Police Merit. Writer and expert in cyber intelligence and cyber espionage

YouTube option:

Link for Oct. 28: https://youtu.be/ppAfoQve5qY

Link for Oct. 29 (mesa 1): https://youtu.be/878tnY5JF1E

Link for Oct. 29 (table 2): https://youtu.be/Ead1GZuqpyM

Terri Eichelberger -  Chair of Corporate Affairs ACM

Meet Terri Eichelberger!  Terri is the ACM’s Chair of Corporate Affairs, and her goal at the club is to generate mutual value between Corporate and Club Members.

As a new MBA graduate,  Terri came to Spain on a 2 year assignment with a major Freight Forwarding Firm and later established her own forwarding company, Tradelane Services, S.L., when she was 27 which she still runs.  Her company specializes in the movement of goods across world borders as well as warehousing and distribution in Spain, which includes personal effects moves and storage.

Terri was born in San Francisco during the height of the hippie movement and moved to Norway as a child.

Her latest business venture is a boutique vacation estate in Spain’s Rioja Alta wine country later this year.  A special VIP opening tour will be shared with the ACM members. We can’t wait!

  Cristina Berry

This month, our featured member is Cristina Berry, Translator and EFL teacher.    

Where are you from?

I am half British-half Spanish, but I went to college in SC and lived in NYC for 4 years, where I had my first-born. So I definitely feel a strong connection to the US.

How long have you been an ACM member?

I attended the Thanksgiving bash two years in a row as an “outsider” before finally deciding to join two years ago.

At which ACM event have you had the most fun?

I loved the speed-networking Happy Hour. Time flew by and I met a lot of interesting people and made several promising professional contacts.

Where do you work?

I have been an English <> Spanish  freelance translator for the last 14 years and I also teach business English. Before that, I worked in banking for 8 years. I love reinventing myself so, who knows what awaits down the line!

What do you like to do in your free time?

I am a Zumba enthusiast, I absolutely live by the motto “dance like nobody is watching!”

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The American Club of Madrid (ACM) is the “go-to” organization for English-speaking professionals living in Madrid. Being an active member of the ACM is a great way to network and make new friends while celebrating the American culture.

For any questions on membership send us an email to: membership@americanclubofmadrid.com

     Chester Gladue

This month, our featured member is Chester Gladue, English teacher at Vaughan Systems!

Chester was born in New York, raised in Homestead, Florida but calls Connecticut his US home. That is where most of his family live and that he visits the most!

How long have you been an ACM member?

Let´s see, I was invited to a Happy Hour back in 2015, where I won a free membership...and the rest is history!

At which ACM event have you had the most fun?

I have fun at all the events, I enjoy meeting new friends, and catching up with my old friends. If I had to choose just one, I would say the 4th of July 2019 was special. 

When did you move to Madrid and what brought you here?

I arrived on April 1, 2012, eight years ago. Time has flown by. I came on a company transfer.

What is your favorite thing about Madrid or the madrileños?

I love the lifestyle, the architecture and the people. The people are friendly and a lot of fun, they really know how to enjoy life. I enjoy most the numerous parks around Madrid.

What do you miss most from your hometown?

The only thing I miss is my family. We are lucky because we have great technology to keep us connected. I am so happy in Spain that I have chosen to retire in Alicante. The retirement part won’t happen for quite a while.

_____________________________________________________________________

The American Club of Madrid (ACM) is the “go-to” organization for English-speaking professionals living in Madrid. Being an active member of the ACM is a great way to network and make new friends while celebrating the American culture.

For any questions on membership send us an email to: membership@americanclubofmadrid.com

 Mike Brian -  President ACM

Meet Mike Brian, President of the American Club of Madrid. Mike has been integral in taking on the President role at our club, and brings powerful insight and energy to the team. We are proud he serves on our board!

Outside the club, Mike is Managing Director of IA Corporate Communications, a Business English training  company, dedicated to enabling Spanish professionals to work in English at the same level as in their native language. 

Originally from Texas, Mike has been living in Madrid for 18 years. Talk to him about helping you find what you are looking for in the American Club of Madrid.

_____________________________________________________________________

The American Club of Madrid (ACM) is the “go-to” organization for English-speaking professionals living in Madrid. Being an active member of the ACM is a great way to network and make new friends while celebrating the American culture.

For any questions on membership send us an email to: membership@americanclubofmadrid.com

Dear Members of the American Club of Madrid,

In the wake of the COVID-19 outbreak, we are facing extraordinary and unprecedented challenges. While there are a lot of unknowns ahead, we are making an extra effort to check-in with our members and stay connected via the digital platforms available to us. Right now, the health and safety of all of us is First Priority, and we will all be together again for our Happy Hours and monthly programs. 

Until then, there are a couple of things we wanted to mention:

• As you can see we have migrated our website to this great new online platform! If you are a member, please follow the instructions sent to your e-mail to register. Please don’t forget to add your name to the Member Directory so that other members can connect with you!  Our platform also has an app as well where you can register and connect with other members. If you have any problems with your access, please send us an email to treasurer@americanclubofmadrid.com.  
  
  
• We will be automatically extending memberships for 2 months because of the COVID-19 crisis.
  
  
• We are proud of our corporate sponsors and during this time many of them have services available to you. Please go to our website to learn more.
  
  
• Please continue to follow us on our social media channels.  We will be posting news, tips, articles from our corporate sponsors and general information.  Facebook, Instagram, Twitter, and LinkedIn.
  
  
• If you are a business or an individual,  and want to promote your services at our club, please contact us at corporate@americanclubofmadrid.com.

Additionally, we’re committed to being responsive and flexible to our member´s needs.  If you have ideas you would like to share during this time please send us an email to president@americanclubofmadrid.com.

Stay tuned as some events will go online we are still working on this.

Stay safe! Our club has been around since 1952, we will get through this!

All the best,

American Club of Madrid President & Board of Directors.

Thu, February 13, 2020 – 7:00 PM – 9:00 PM  Centro de Formacion Sagardoy Abogados - Tutor, 24 Madrid

Join us for this VERY important informational session. Know your legal responsibilities!

Modelo 720 & FATCA: How it affects us. Future year’s returns. Modelo 720 & FATCA: How it affects us. Future year’s returns: Obligation to file the form. Current accounts abroad. Investments. Real Estate. Sanctions regime. We will comment on the frequent questions of each section and binding requests of the DGT published. The Foreign Account Tax Compliance Act (FATCA) how it will affect US and Spanish Citizens. Reporting obligations. Spanish Banks requirements.
The Foreign Account Tax Compliance Act (FATCA) is focused on strengthening information reporting and withholding compliance with respect to US persons who invest directly or indirectly through the ownership of foreign interests. To achieve its purposes, FATCA dictates non-US Financial Institutions to identify accounts falling under the FATCA scope and report certain details on these accounts to the US Authorities. FATCA imposes a 30% withholding tax if FFIs do not comply with FATCA’s requirement. The 30% withholding tax on certain US source income is imposed regardless of whether the FFI has US owners or clients. Therefore, Financial Institutions that do not have any US clients, still need to take actions for compliance with FATCA obligations.
Presenters: Luis de Alcaraz & Alejandra Pastor – Sagardoy Abogados, Madrid & Antonio Rodriguez – US Tax Consultants, Madrid

Voter registration for 2020 Elections
The ACM Business Luncheon is a networking event with the goal of promoting effective links and networks within the English-speaking business community in Madrid, having the opportunity to be exposed to new ideas and the current trends of the present society.

In this occasion we will have lunch with Jim Mercereau, who will introduce us in the world of the U.S. Primary elections, he will give us an overview of the process for Overseas Ballot Request, Primaries, Procedures and dates and of course, about the use of electronic communications in requesting and returning absentee ballots.

​REGISTRATION REQUIRED. Limited to 20 people

US Taxes: Form 8621 and GILTI Tax or the expats’ nightmare

U.S. expats are already subject to significantly more onerous tax rules than U.S. citizens living in the U.S., among which the Passive Foreign Investment Company (“PFIC”) is one of the most notorious.  U.S. expats deemed to hold investments in PFICs must file form 8621, which is an extremely complex form that imposes significant U.S. tax on investments held in PFICs.  The Tax Cuts and Jobs Acts of 2017 only added on to this complexity, particularly for those U.S. expats who operate businesses through foreign corporations.  The Global Intangible Low-Taxed Income (“GILTI”) tax imposes a tax on U.S. shareholders of the foreign corporation, payable in the United States, regardless of whether any of the foreign corporation’s income is subject to tax in the U.S. or brought back to the U.S.  In essence, the GILTI tax is a minimum U.S. tax inclusion for foreign corporations with U.S. owners.  Understanding how to mitigate these two tax regimes is essential for any U.S. expat who is investing for retirement or operating their business abroad.
Please join us on March 19th for an introduction to PFICs and the GILTI tax and to learn how to plan for your future.

REGISTRATION IS REQUIRED. For further information and registration, please check the Upcoming Events of the American Club of Madrid.

The US Senate Financial Commission voted in late July in favor of unlocking a decisive amendment to the tax agreement between Spain and the US which updates the measures to avoid double taxation and prevent tax evasion, which already existed with the 1990 Convention.

The American Club of Madrid will be discussing the different aspects of how this new treaty between Spain and the USA will avoid double taxation. We have two upcoming events so please join the American Club of Madrid at our monthly Business Lunch on March 19th, as well as the Need To Know Seminar “New Treaty between Spain and the USA to avoid double taxation” on February 19, 2020.

In the meantime, here is more information about the new agreement below:

The new Agreement signed in 2013, in close relationship with FATCA, was pending from the US Senate Financial Commission for the reluctance of some senators (for example, Rand Paul, Republican senator). The main reluctance was that, with the automatic exchange of financial information provided by FATCA, foreign governments could have access to the tax information of US citizens. In the same situation were the treaties with Luxembourg, Switzerland and Japan.

The new protocol will enter into force when it is ratified by the full US Senate, possibly this summer, and contemplates changes to facilitate direct investments between Spain and the US.

On the other hand, unilaterally, the tax reform approved by Donald Trump last 2017 included the possibility of including in the Treaty a new tax of 5% to 10% on interest, fees and services to entities outside the US.: Base Erosion Anti-Abuse Tax or BEAT, which has not reached fruit set.

The most important changes with respect to the 1990 Convention, in force, are indicated below. It is a treaty that consists in avoiding double taxation of US citizens because they are obliged to submit their income tax returns, reporting worldwide income, annually in view of their status as "US Persons" (= US Citizens, Green Card Holders and Resident Aliens), in addition to the Income Tax Return in Spain, IRPF, for its status as residents.

The most important changes that are modified with the new Convention are:

• For interests, dividends and capital gains, among others, this protocol ends taxation in source for residents in another country, except in the case of alienation of real estate or companies that have, above all, real estate as an asset.
• Taxes on royalties disappear.
• For individuals with a pension plan who wish to transfer from one country to another, the protocol allows the transfer of these funds to the other country without having to be subject to taxes. US pensions will not be taxed in Spain unless there are distributions.
• A new regime for exchanging information and administrative assistance between both countries is being developed, extending this collaboration to other taxes not included in the Convention.

In general terms, we can say that this is good news for both countries by improving conditions to avoid double taxation.