Micro News

The EU is due to remove 8 countries, including Panama, from a 17 country Tax Haven Blacklist of jurisdictions, which it published in December, according to sources. Panama have recently signed up to the OECD’s Common Reporting Standard which is an automatic exchange of information programme. This means…


On the 17th of January, the House of Lords in the UK voted down a proposal which would have required six overseas territories to carry out a publicly-accessible register of beneficial ownership by the 1st of January 2020. The vote took place during a debate on a suggested Sanctions and Anti-Money Laundering…


On the 17th January, The Swiss government stated that it would be initiating a public consultation on converting anonymous bearer shares in private businesses into registered shares which have owners’ names attached. The suggestion would apply only to non-publicly listed companies, who would be confronted…


Cyprus government is attempting to solve the title deeds problem by expediting a bill, regulating this serious legal issue that causes dizziness to many people over the last years.  The title deeds problem created when the banks put an objection to the issuance of title deeds due to the fact that the…


China to Step Up Cryptocurrency Crackdown

In light of a new crackdown on cyptocurrency, the state media of China report a stamp out of the remaining trading in over-the-counter trading platforms, peer-to-peer networks and where large exchanges occur and firms trade overseas. Indeed, following last year’s crackdown the new plans will very much…


Emirates: New Airbus A380 Superjumbos Order

On Thursday 18th January, Emirates Airlines released a statement that it had done a USD $16 billion deal to buy 36 Airbus A380 superjumbos days after the European manufacturer said that it would have to suspend without new orders. Emirates are said to have ordered 20 of the double-decker aircraft with…


On Thursday the 18th of January, top palm oil producers Indonesia and Malaysia, criticised the EU for supporting a ban on the use of palm oil in biofuels. According to a Malaysian minister, it is a form of “crop apartheid” and a protectionist trade barrier. On Wednesday,  European lawmakers approved…


Apple’s recent announcement that it will pay USD $38 billion in U.S. tax on its overseas cash will not reduce the USD $16 billion tax bill which the company owes Ireland following a European Union ruling, according to the EU’s executive. In 2016, there was a ruling that Apple received illegal state…



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