Micro News

Micro News

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…


Europe is set to place the US on the blacklist of non-cooperative jurisdictions next June in the event that it neglects to satisfactorily change its Foreign Account Tax Compliance Act transparency guidelines to bring them in line with EU standards. This has been indicated by top accountants who commented…


Recent news reports of a landmark ruling in a French case whereby a court affirmed that French occupants will not be able to change their wills by text. The report gave an example of a man who, while going through a separation with his wife, messaged his sister to state that he wished for their mother…


Last week, officials announced the commencement of the first exchanges of tax data between Switzerland and India which are anticipated to begin in early 2019. The two nations created an agreement by signing a joint declaration declaring their goal to go into an automatic exchange of tax information…


The recent tax case of Liang v RBC Trustees has received further comment from a Guernsey Judge and the decision of the court to invalidate the trust on grounds of being unable to establish the legitimate source of the funds in question. The court supported a trustee's decision not to agree to wind up…


An opinion poll in Jersey is being circulated seeking opinions on requirements for imposing economic substance through changes to the law. The announcement comes after a spokesperson from the EU criticised the country for its relaxed requirements for its tax-resident companies.


Experts from the investor immigration industry are maintaining the assertion that the citizenship-by-investment programs being carried out in Cyprus, Austria and Malta pose no security risk to those or any other countries within the European Union due to the strict background checks, rigorous due-diligence…


Following court proceedings, Zuercher Kantonalbank (ZKB) has accepted fines close to USD $100 million by the US Department of Justice & Equity in an agreement that no further proceedings will be taken against the lender of any of its employees. The Swiss bank was found guilty of assisting US clients…


Recent progression with the US transition tax under the Tax Cuts & Jobs Act 2017 on deferred overseas income and the new Global Intangible Low Taxed Income tax ruling will impose several important changes to the standards administering controlled foreign companies. Legal specialists have commented how…



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