Micro News

Micro News

Rothschild Bank AG has been found to be in serious breach of Swiss anti-money laundering rules in its dealings with the Malaysian 1MDB sovereign wealth fund. It is the third Swiss bank, after BSI and Hawk, to be embroiled in a scandal, in which enormous sums of money were redirected from 1MDB into the…


The OECD's goal to achieve ultimately a global reporting register will reduce tax fraud and shirking, however the beginning of the automatic trading of data has brought about a reduction in individuals and corporations undertaking noteworthy measures in order to conceal or hide assets, a report has released. By…


The OECD hosted a global gathering last month where it announced changes to its criteria for the global fight for tax transparency standards, and which candidates are eligible countries for blacklisting. And in addition to the three target criteria set in 2016, it has included three more, to prove a…


Tier- 1 applications for UK investment visas have increasing by about 50% since March 31st 2018, regardless of making the application requirements stricter in 2015. Chinese Financial Specialists continue to be the most well-known candidates for the visas, which enable investors to stay in the UK for…


Draft statements in Germany's Annual Tax Act 2018 is imposing new expenses on the offer of property companies owned by foreign based residents. If the new bill is passed, the regulations will apply after the calendar year end (December 31st 2018). As of not long ago, Germany has had no unambiguous model…


Reports from a recent survey conducted by the OECD's Tax Transparency Forum has scrutinised the US for having 'holes in regards to the lawful necessities to get and maintain a beneficial global standard as previously agreed. This, together with the US' inability to approve any universal data swapping…


Last month the Indian central government provided directions expressing that going forward, all remote organisations or companies whose country of administration is in India must pay a 40% corporate tax rate on their global income. The notice will assess filings effectively made for the financial year…


The body in charge of running the Stock Exchange in Switzerland have released plans to start a trading platform offering integrated end-to-end trading, settlement and custody services for digital assets such as virtual currencies and ICOs (Initial Coin Offerings). The controlled exchange will host all…


The Jersey Financial Services Commission have issued a supervisory note setting out a new approach to initial coin offerings (ICOs) or virtual currencies, which have become an increasingly prevalent means of raising public funds using distributed ledger technology. The note comes after JFSC risk warning…



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