Micro News

Micro News

The Joint Chiefs of Global Tax Enforcement (calling themselves the J5), have come together with representatives from the following countries: • The UK• Australia.• Canada.• the Netherlands.• the US. And have been holding gatherings focussing on new information coordinating procedures to recognise 'proficient…


EU Consolidates Freezing & Confiscation Orders

The EU Council of Ministers have implemented rules advancing the shared acknowledgment of cross-border asset freezing and confiscation orders. The Directive expresses any judicial decisions regarding criminal matters made in one EU state will be automatically recognised and upheld by another Member State,…


A Shari'a court in Dubai has overruled UK precedent allowing Ms Tatiana Akhmedova possession of a so-called superyacht with a total value of over GBP £350 million. Ms Akhmedova’s Russian ex Farkhad Akhmedov owns the yacht, and as part of a severance package from UK divorce courts allowing her ownership.…


Cyprus' finance ministry is setting up a report asking for the OECD to remove the islands citizenship by investment scheme from the blacklist of similar programmes plans considered to present a high risk to the global trade of financial information. In October, the OECD named Cyprus as one of 21 jurisdictions…


Starting from April in 2019, the UK have announced that non-resident fund investors who become liable to UK capital gains tax (CGT) on non-residential UK property and UK property-rich entities will be offered the opportunity to make certain elections; thereby avoiding double taxation. The options are…


The German and French governments are encouraging other EU Members States to put their differences aside to co-operate on the digital services tax to be charged internationally. All Member States will make the tax national law however can only do so with accord from the rest of the globe. The UK have…


The government in Netherlands has backtracked on plans to offer qualifying employees to receive 30% of their income tax-free. The original plan has been reduced from eight to five years; and have limited the terms of the expatriate tax facility. Interim regulations will be used so that the facility…


Overruling the recent case of Wembley Ltd and Sutton Ltd 2018, The BVI court of offer has held that proprietors of bearer shares have an established right not to be denied of their property through disablement without accepting remuneration for their value. The appellate court ruled that it could appoint…


The Russian Federal Tax Service (FTS) has started distributing information relating to fiscal related practices and tax liabilities of Russian companies, with the end goal to enable legitimate corporate taxpayers to avoid doing business with the wrong people. As per the FTS, the simplicity of setting…


Following the arrival of the Draft Economic Substance Law last month, the Jersey government have now issued a circular containing key aspects of the scheme. It also provides high-level remarks and clarification on some of the standards set out in the draft legislation. Guernsey has likewise just distributed…



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