Micro News

Micro News

Last week, Bruno Le Maire, France's Minister of Finance announced that the country had banned the US' proposal to allow multi-national corporations with US subsidiaries to be permitted to opt out of the new international tax system being proposed and developed by OECD nations.  US Secretary of the Treasury…


The number of Tier 1 (Investor) visa applications granted by the UK dropped radically after the launch of stricter regulations regarding the sources of funds earlier this financial year. Merely 47 Tier 1 (Investor) visas were granted in the period June-September 2019, compared with 126 in the previous…


The Greek Prime Minister's Chief Economic Advisor Alex D. Patelis recently announced new measures to improve liquidation in Greece, an unwelcomed legislation amendment for Greek taxpayers. Going forward, any Greek resident spending less than 30% of their income by electronic means will have to pay a…


Amendments to the double tax treaty (DTT) between Ukraine and Cyprus will officially eliminate withholding tax on a Cypriot company's disposal of shares in a Ukrainian corporate investment fund, as long as less than half of the fund's assets constitute Ukrainian land (including property & real estate). The…


HSBC Private Bank (Suisse) have agreed to pay the US prosecutors a plea bargain of USD $193 million to avoid being prosecuted for helping US clients conceal assets in Swiss bank accounts.  It is one of the last non-prosecution agreements to be made under the Department of Justice’s Swiss Bank Programme,…


A number of high-ranking Israeli businessmen have been apprehended by the tax authorities discovered their overseas bank accounts, as a result of the new Common Reporting Standard scheme of data sharing as ongoing standard protocol in Israel since earlier this year in July, 2019.  The country's sanction-free…


The Swiss government have published a website which purpose is to provide guidance on the introduction of a new type of Swiss trust under the regulated procedure.  It contains the final impact assessment report strongly supporting Switzerland's introduction in the trust and equity sphere of law; with…



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