Micro News

After US President Donald Trump's decision to impose tariffs on steel and aluminium imports, the head of Germany’s engineering trade body is calling for an attempt to reach an agreement with free trade provisions between US and EU, as US is significant export market for German engineers. Conversely,…


EU plans for a provisional Europe-wide income tax on digital businesses that would hit large US digital companies, appear to have taken a step back this week leaving disappointment to a policy championed by President Emmanuel Macron of France. As Member State Ministers at a recent ECOFIN meeting recognised…


The European Central Bank (ECB) and the Bank of England are to assemble a technical working group whose responsibility will be to manage and mitigate risk in the timeframe surrounding March 30th 2019 when Brexit is planned to take place, specifically in the area of financial services.  However, it is…


In a recent UK criminal law case  Khrapunov vs JSC BTA Bank, Mr Ilias Khrapunov, son-in-law to former Russian banker Mr Mukhtar Ablyazov, has reportedly refused to visit the UK to be cross-examined this week, regarding assets he is has been accused of having in his possession on behalf of Mr Ablyazov;…


In a recent common law tax fraud case Irish Minister for Justice v O'Connor; the Irish Supreme Court has refused to send an Irish national back home to Ireland, who has been sentenced to a prison term for tax fraud in the UK and fled to Ireland while on bail.  The court rejected the UK's European warrant…


US tech giant Apple have signed a legal agreement provisionally approving terms to pay Ireland back EUR €13 billion in what the EU called illegal state aid granted to the company between 2003 and 2014 in the form of favourable tax rulings.  The funds have been paid into an escrow bank account starting…


Ukraine's finance ministry has published a draft bill in hopes that it will establish improved and stricter tax reporting requirements for high net worth individuals (HNWIs). The draft bill will essentially grant the Ukrainian tax authorities greater rights and ease of access to the bank statements of…



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