Micro News

Micro News

Singapore's Court of Appeal has affirmed that the country’s tax and legal experts can privately disclose taxpayers account data to external governments, because of an 'incognito' treaty made without the subject's knowledge. Singapore's Tax Controller has anticipated that it would make sense to satisfy…


Switzerland is known as world's largest global wealth management centre, overseeing almost USD 2 trillion in global assets and trading toward the end of last year, according to reports. However, this sum is 7% less than the 2010 figures, and the country is experiencing pressure from the UK, with USD…


The US has been pressured by the European Union to be placed on the blacklist of non-cooperative jurisdictions next summer of 2019 in the event that it neglects to change its Foreign Account Tax Compliance Act transparency regulations to meet EU benchmarks. As indicated by expert Accountants, the US…


Following the explanation from the UK government's situation on post-Brexit working rights by EU nationals last month, UK Financial Consultants have distributed instructions on some appropriate suggestions for managers. The status of the employees will be one of the key parts of Brexit arrangements,…


Rothschild Bank AG has been found to be in serious breach of Swiss anti-money laundering rules in its dealings with the Malaysian 1MDB sovereign wealth fund. It is the third Swiss bank, after BSI and Hawk, to be embroiled in a scandal, in which enormous sums of money were redirected from 1MDB into the…


The OECD's goal to achieve ultimately a global reporting register will reduce tax fraud and shirking, however the beginning of the automatic trading of data has brought about a reduction in individuals and corporations undertaking noteworthy measures in order to conceal or hide assets, a report has released. By…


The OECD hosted a global gathering last month where it announced changes to its criteria for the global fight for tax transparency standards, and which candidates are eligible countries for blacklisting. And in addition to the three target criteria set in 2016, it has included three more, to prove a…


Tier- 1 applications for UK investment visas have increasing by about 50% since March 31st 2018, regardless of making the application requirements stricter in 2015. Chinese Financial Specialists continue to be the most well-known candidates for the visas, which enable investors to stay in the UK for…


Draft statements in Germany's Annual Tax Act 2018 is imposing new expenses on the offer of property companies owned by foreign based residents. If the new bill is passed, the regulations will apply after the calendar year end (December 31st 2018). As of not long ago, Germany has had no unambiguous model…



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