Micro News

Micro News

The UK government has released information regarding EU, Eurozone & Swiss nationals arriving in the UK in the event a ‘no-deal’ departure from the European Union in March. If a no deal takes place, free movement will cease immediately, except for a blanket exemption period whereby Eurozone nationals…


Legislative progress regarding New Zealand's Trusts Bill has been waiting for parliamentary consent since October 2018, due to being put on hold for more pressing matters. The New Zealand Justice Committee's statement recommended for its approval and sent their revisions last year. The current Auckland…


Irelands Enacts Beneficial Trust Ownership Act

The European Union Beneficial Ownership of Trusts (Anti-Money Laundering) Regulations 2019 was enacted in Ireland last week, which means that going forward, all trustees of express trusts have the legal burden to prepare and maintain a list of beneficiaries for whom the trust is being held. The lists…


The OECD has released a public suggestion regarding the 'fairer taxation' of digital and online international companies, as requested in 2018 by the G20 assembly of developed jurisdictions. The OECDs proposal contains:• 3 alternative options for reform of nexus and profit attribution.• Additional guidelines…


The OECD has published its latest review of harmful tax practices and claim that the majority of financial centres around the world have kept their pledges to eliminate preferential tax regimes throughout 2018. According to the report, only 7 regimes were still recognised as ‘potentially harmful’ or…


New European regulations overseeing married couples with international partners property disagreements came into force in 18 Member States last week with effective resolutions for certain cross-border situations. The new rules generally found and support the relevant local courts and law at national…


Malaysia Cancels Billion Dollar Railway Project

Last week, Malaysian government officials released bad news for Malaysian public transportation, as a multi-billion-dollar railway project that was being planned for construction in Kuala Lumpur has been cancelled. China previously agreed to fund the project and have unfortunately pulled out due to the…


The Cyprus Deputy Minister for Tourism has announced the boards continued commitment to rolling out the first lawful casinos on the island. Mr Savvas Purios went on to talk about the launching of a consortium building project which will be the largest casino resort in Europe, which will be of great importance…


Last week, Turkey made various statements attacking Cyprus over the joint declaration adopted at the Fifth Summit of the Southern European Union Countries (Med 7) last week. Ankara says this is another so-called example of the “unfair and negative attitude upheld by certain EU member states” as the Union…



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