Micro News

Micro News

Swiss banking staff members have hired several lobbyist groups who are campaigning to help bank representatives who have gotten into money related challenges because of the US authorities' continuing legal proceedings against them, and for those whose employers have sent their personal files or working…


The international fine-art market has come into the spotlight recently, more specifically the unregulated nature of trading and purchasing usually with large amounts of capital. A recent case involving a regulator in the UK's controller proclaimed Beaufort Securities to be bankrupt, and the Unified…


In April this year, currency repatriation prerequisites in Russia were stretched out to include loans issued by Russian nationals to foreign lenders, effectively reducing the opportunities for organisations to move finances abroad through non-repayable advances. The new commitments and penalties for…


One month from now, a gathering of all G20 nations in Paris will witness the launch of the OECD's plans to forestall those using citizenship by investment schemes to dodge the trading of their account information between countries. It says it has received a positive reaction to its initial meeting on…


A UK Barrister has been sentenced by a court in the US for enabling an American family to avoid their tax liabilities and foreign bank account reporting requirements, even though he lives and works in the UK. The Attorney helped his clients conceal USD $14 million in overseas Swiss banks for a long…


The Finance Ministry in Poland has drafted an enactment imposing a 19% corporate exit tax on high net worth individuals (HNWIs) who move their permanent residence abroad. It will come into force next year in 2019 for those with money related assets worth more than USD $530,000, and will tax the estimation…


According to an evaluation by the Council of Europe's money laundering regulator Moneyval, the substantial monetary streams flowing through Latvia from foreign clients in CIS (Commonwealth of Independent States) nations such as Ukraine and Russia may pose critical threats illegal tax avoidance and money…


Following the issue of a government decree last week, Tax Authorities in Portugal have released further information regarding the deposit limit restriction. Banks have confirmed that they will automatically declare all client accounts holding balances above EUR €50,000. The decree was initially affirmed…


The Swiss government is looking for Parliament to approval several agreements to consequently trade fiscal accounting information with Asian countries Hong Kong and Singapore next October. Switzerland is additionally proposing to start the non-reciprocal multilateral exchange programme with other international…



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