Micro News

Micro News

ECOFIN (The European Union’s Economic and Financial Affairs Council) has refreshed the EU list of non-cooperative jurisdictions regarding tax collection because of recent changes made by three countries. Liechtenstein, Peru and Palau have all officially been removed from the list due to taking the required…


Earlier this month the Council of the European Union declared that it will be formally be implementing new legislation that will enact regulations controlling cash entering and leaving the Association. The control will meet the FATF’s (Financial Action Task Force) most recent worldwide benchmarks on…


The Economist has distributed reports presenting the booming worldwide industry currently offering citizenship and or residency visas HNWIs and foreign investors. Over 100 countries around the world are offering visas in exchange for investment ventures; with 12 others offering citizenship including…


The international Financial Action Task Force (FATF) has launched an appraisal by the worldwide Budgetary Activity Team (FATF) into several Saudi Arabia transactions. The body will assess currency exchange desks; real estate ventures; even Bookkeepers and other non-financial related organisations. These…


A referendum on Switzerland's proposed new corporate tax framework will be held on the 19th of May 2019, with a view to implementing the law into force at the start of 2019. Tax Proposal 17 and the Federal Act on Tax Reform and AHV Financing will annul the country’s current special corporate tax regimes…


The Dutch government has distributed a list of low-tax jurisdictions that will be held accountable to the Netherlands new source taxation for foreign companies that purportedly have “no substance”. The current withholding tax on dividends will be nullified. The chosen ones are those with corporate tax…


The Prime Minister in the UK, Theresa May has declared proposals for a stamp duty increase of a reported 1 to 3% on property purchases made in the UK by overseas nationals. This new charge will be as well as the 3% second home surcharge that is currently being paid by all foreign buyers wanting to own…


Personal income tax reforms in China were approved earlier this month. The new measures include several improvements to the current system, with the key changes listed below, which will be implemented in January 2019:  A day-counting tax residency test for non-domiciled individuals. Anti-avoidance…



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