Micro News

Singapore recently signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS). Singapore is among the earliest non-G20, non-OECD jurisdiction to have joined the scheme for all BEPS Framework. Singapore continues to shape its tax structure…


According to a study by Boston Consulting Group, Singapore and Hong Kong will jointly hold as much foreign wealth as Switzerland by 2021. The figures emphasise the privitisation wealth in the Asia Pacific region as well as the anticipated slowdown Switzerland will experience from the crackdown on tax…


Business leaders were told in Berlin last week by Angela Merkel that she was prepared to consider a instigating a euro budget, stating the economic unity and organisation of the 19 member states in the Eurozone "leaves something to be desired". She says she is looking to reform the current legislation…


A tax amnesty came into force in Turkey on 27th May 2017, covering tax liabilities that should have been declared and paid by March 31st 2017 and closes on June 30th 2017. The entire delay interest and tax loss will be written off if the taxpayer declares and pays the whole amount by the date specified.…


A new independent report regarding the BVI's contribution to the global economy sheds light on a number of statistics, for example that it mediates inter-continental investment flows of over USD $1.5 trillion, and enables global investment and trade that will eventually support over 2 million jobs globally.…


Arendt & Medenach, the largest Law firm in Luxembourg has published guidance on the new group of residence permit introduced by the Luxembourg congress on February 8th this year to attract foreign investment. Foreign nationals can now obtain permits by depositing at least €20 million with a Luxembourg…


The Hong Kong government has decided to desert its bilateral approach to the automatic exchange of tax information (AEOI) discussions, and agreed to join the OECD's Multilateral Convention on Mutual Administrative Assistance in Tax Matters. The government will announce an amended bill into the Legislative…


Singapore has signed the OECD's Multilateral Competent Authority Agreement on Automatic Exchange of Financial Accounting Information; however the city-state has planned to implement exchange agreement on a bilateral basis with only provincial jurisdictions which have the necessary safeguards against…


The European Commission’s statistical office released the latest national debt figures, and found that in 2016, Cyprus’s general debt in the government sector was found to be attributed to 79% of non-nationals by non-residents, which was the highest of all members in the EU. Financial institutions and…



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