Micro News

Micro News

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…


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…


A major private bank in Iran, Bank Mellat has accepted a private (or out-of-court) settlement of damages from the UK government, as a reimbursement for HM Treasury's illegitimate obligation of sanctions on the lender in 2009. The bank started prosecution proceedings against the HM Treasury for USD $4…


A major private bank in Iran, Bank Mellat has accepted a private (or out-of-court) settlement of damages from the UK government, as a reimbursement for HM Treasury's illegitimate obligation of sanctions on the lender in 2009. The bank started prosecution proceedings against the HM Treasury for USD $4…


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…


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…


The UK tax authority has released its latest figures reported to be what they are coining as the tax gap from the financial years 2017-2018; the figure marks the difference between the amount of tax that should have been paid and what was actually paid at 5.6%. A large portion of the funds are down…



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