Micro News

More and more cryptocurrency miners are moving into Sweden and Norway to take advantage of less expensive hydro-electric energy and low temperatures to power and cool down their servers. Mining is the key action needed for blockchains to remain decentralised and secure. As a miner, one needs computing…


According to data sources, European financiers who earn more than 1 million euros (USD $1.23 million) grew by a third in the 6 years to 2016 to 4,597, with investment bankers and London dominant. However the fall of 11% to 4,597 was mostly due to the massive hit to the British professionals’ pay from…


Over the past month, global equities have suffered due to fears of a bigger fallout from the Sino-U.S. trade row could damage the global economy. The financial markets have calmed down for now as Washington has expressed a readiness  to negotiate, after suggested U.S. tariffs on USD US$50 billion of…


According to the state media in China, the country will win any trade war with the U.S. and has never surrendered to outside pressure. This is proceeding the world’s 2 largest economies targeting each other with rather steep tariffs as Beijing states it will stand up to Donald Trump. The U.S. stated…


Both German car manufacturers BMW and Daimler are under growing pressure to diversify production of their SUVs (sports utility vehicles) outside of the United States as a result of Washington’s growing trade tensions with China. In addition, Beijing’s proposed 25% tax on US car factory exports will…


The government of the Russian Federation has extended the foreign assets tax amnesty and tax-free liquidations of controlled foreign companies (CFCs) until 1 March 2019. Disclosures under the amnesty will still not attract any tax, criminal or administrative liability on the taxpayer, and the assets…


Yesterday, 21 March 2018, the European Commission published its long-awaited draft directive for a 'digital services tax' on the revenues of multinational companies in the so-called digital economy, defined as businesses in which customers make a significant contribution to creating value. The Commission…


The BVI (British Virgin Islands) Government has publiclly released a statement regarding being classified as belonging to the European Commission's 'grey list' of jurisdictions that have not yet reformed their tax systems to the EU standards. They are looking to change their status to the white list…



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