Micro News

Micro News

The rock-solid Swiss banking sector

Despite the rough patch that the Swiss banking sector has been going through lately, it didn’t lose its foothold on the world market of private wealth management services. However, the country has lost its world leadership in this sphere, which is frustrating for Swiss bankers. Back in 2005, Switzerland…


Scanning through The Guardian, I came across an article with a 30-year-old man telling a story about his overwhelming need of his parents’ help. He is sometimes frustrated not being given a hand by Mum and Dad. It’s interesting to note that very often sons have deep devotion to their mothers, whilst…


How to react to being fired?

It is indeed offensive to be fired. We perceive it quite differently at 20, 30, 40 and 50. Those who stand at the very beginning of their career path are taught a good lesson that suggests the necessary changes in life and relation to work, in particular, have to be made.  Following Confucius’ advice,…


Samsung is still trying to investigate the cases of the new highly anticipated Note 7 catching fire and exploding in users’ pockets. As experts say, the reason lies with the unit’s being ‘packed’ with all possible hardware in attempt to make it compact but still powerful. As an ultimate safety precaution,…


From April 1st, 2017 capital gains derived from Indian investment products to Cyprus companies in India will be imposed with the necessary withholding tax in India. These regulations associate Cyprus and Mauritius. Before April 1st, 2017, Cyprus residents were free to sell assets in India without the…


The New Zealand Inland Revenue has applied to local financial specialists requiring them to consider and inform them on particular cases that are not supposed to be covered by the automatic exchange of information project. The respective agreement drafted by the OECD includes a provision on special cases…


A register of Ultimate Beneficiaries for Irish companies similar to that of the UK was created in Ireland. Now Irish companies are required to have comprehensive information on Beneficial Owners and submit it immediately upon the requirement of local tax authorities. A new law, which came into effect…


UAE to join FATCA from January 2017

Despite expectations, the UAE are gradually introducing regulations regarding the automatic exchange of information agreement. Pursuant to FATCA requirements, as of January 1st 2017, all data with respect to US citizens living in UAE will be collected. The automatic exchange of information on non-residents…



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