Micro News

Micro News

The Hong Kong Inland Revenue Department has clarified requirements for transfer pricing documentation and country-by-country reporting by multinational groups whose gross annual income surpasses HKD $400 million (USD $50 million).


The Privy Council in the UK has recently ruled two important cases concerning appeals in insolvency law on the Caribbean jurisdictions. The Weavering Case (the UK's largest hedge fund fraud to date) set the precedent for the decision regarding whether redemption payments made by an insolvent corporation…


The European Commission has taken Italy to the European Court of Justice for continuing to grant illegal fuel tax exemptions to chartered yachts. It has also issued critical opinions to Cyprus and Italy; questioning the motives for allowing blanket-general tax reductions on the leasing of yachts without…


As anticipated by industry experts, the US Immigration Service has increased the minimum investment criteria amount for immigrant investors wishing to become US permanent residents using the naturalisation method: EB-5 Immigrant Investor Programme. On November 21st later this year, the standard minimum…


The European Commission has spoken out condemning the European Parliament and Council, following several high-profile money laundering cases that have been discovered close to home within Europe. The communication identified the key flaws in the current EU's anti-money laundering regulations; and gave…



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