Crown Dependencies Economic Substance Requirements: Guidance Explained

The scope of the new economic substance legislation for corporations has been clarified by the crown dependency Governments. The guidance confirms that going forward, companies based in any of the following UK Crown Dependencies, must continue carrying out their core income-generating activities within Guernsey, the Isle of Man and Jersey, in any relevant sector.

The Forum of Tax Administration Agree on Digital Taxation Proceedings

The Forum of Tax Administration (FTA) is a group of the leading global tax administrations from 53 different jurisdictions. The group recently held their annual plenary meeting in Chile to discuss and improve global tax administration.

TAX3 Update: MEPs Push for Financial Police Force in Europe

Following continued revelations over the last five years (the Panama Papers, Luxleaks and the Paradise papers to name a few); the European Parliament have decided to establish a Special Committee to take positive action to reduce financial crimes, tax evasion and tax avoidance within Europe. As part of the TAX3 decision, which was created last year in March 2018.

Key Changes to The Cyprus Investment Programme: Applicant Guide

Earlier this year, the Cyprus Government announced several amendments to the Cyprus Passport Programme. This article is a brief rundown of the most important changes for applicants due to take effect next week.

Hong Kong & Russia Strengthen Ties for Trade & Investment

Chief Executive of Hong kong Carrie Lam met with Russian Foreign Minister Mr Sergey Lavrov last week at the Government House in Hong Kong to discuss the two nations continued collaboration. The Secretary for Commerce & Economy, Mr Edward Yau, was also in attendance at the meeting.

CySEC Brings all ICOs Under Cyprus Anti-Money Laundering Regulations

CySEC (The Cyprus Securities and Exchange Commission) have issued proposals to bring virtual currency and crypto asset activities under the sphere of the jurisdiction's anti-money laundering (AML) regime, as per the provisions of the EU Fifth Anti-Money Laundering Directive (5AMLD).