Micro News

Micro News

Leaders of the Caribbean governments criticised the on-going blacklisting of some Member and Associate Member States by the US and EU at CARICOM’s meeting last week; describing their actions as “a clear and direct threat to their economic well-being”. A spokesperson for the meeting stated that the views…


The government in Netherlands have reportedly issued draft legislation which include anti-hybrid provisions for Dutch funds to become obligated to implement the revised EU Anti-Tax Avoidance Directive (ATAD-2). The finalised details are almost identical to the provisional consultation document published…


The US Office of Management & Budget (OMB) has reportedly passed and signed the proposed amendments to the EB-5 American Immigrant Investor Programme, increasing the minimum investment criteria amount from USD $1 million to USD $1.8 million. The new regulations will be published in the Federal Register…


More controversy surrounding Swiss banks in the tax world, as Schaffhauser Kantonalbank Hauptsitz Schaffhausen Bank, located in Switzerland has reportedly paid almost EUR €4 million to the German state of North Rhine Westphalia. The payment will settle an investigation over German clients accused of…


Maltese-based foundations and associations that fall under the previously released guidance, should have submitted their company beneficial ownership data to the Registrar for Legal Persons by June 30th 2019.  The reporting requirements are enforced by the following recently introduced regulations respectively: The…


Europe wants to provide a quicker and more effective resolution of tax disputes between Member States; and will attempt to achieve this by implementing an EU-wide Directive which has now come into force. Officials hope the Directive will tackle issues surrounding double taxation (DTTs). Taxpayers will…


Ireland Shelves Beneficial Ownership Register

Ireland's Companies Registration Office has announced the launch of its central register of beneficial ownership has been ‘temporarily postponed’. The register was established by the EU (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019, which came into official effect…


Asia's most valuable start-up, food delivery and digital payments services app, Grab is apparently looking to move into Singapore’s virtual banking and currency sector as the city-states’ regulators consider allowing online-only and electronic banks, with only a few people savvy to the talks currently…



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