Micro News

Micro News

In the case Qualcomm vs. Apple, a court in Munich ruled in favour of the components supplier Qualcomm. If the appeal filed by Apple is rejected, the company will no longer be able to sell smartphones in Germany. However, everyone will still be able to purchase these gadgets in mobile operators and…


The EU is moving forward in its efforts to create a zero-tolerance tax avoidance attitude. Anti-Tax Avoidance Directive (ATAD) came into force at the start of this year (January 1st), targeting the most common corporate tax avoidance practices in order to powerfully eliminate future loopholes and deter…


The BVI's Economic Substance (Companies and Limited Partnerships) Act 2018 successfully ascended through parliament and the BVI House of Assembly last month in December and came into full force on the first day of this year (Jan 1st).  It is envisioned to appease EU concerns over economic substance…


An unpublished examination has presumed that the trust protection regulations currently in place in the UK certainly shield settlors' income gains from overseas trusts that were established before they became legally domiciled in the UK. The Finance (No 2) Act 2017 & the Finance Act 2018 both have recognizable…


The Council of Europe's MONEYVAL focus group has placed Albania into its upgraded follow-up procedures list and has reportedly approached Albanian officials to further examine cases linked with tax evasion money laundering and freeze any related funds and assets.  MONEYVAL's 5th assessment report revealed…


Malaysian authorities have charged Goldman Sachs regarding raising over USD $6 billion between 2009 and 2014 for the 1MDB sovereign fund, from which collectively billions of dollars were misused by Malaysian authorities and high-ranking associates. It has additionally charged two ex-Goldman Sachs brokers,…



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