TAX AGREEMENTS: The Irish and Maltese tax authorities have jointly declared that their bilateral tax treaty will prevent the so-called ‘single malt’ tax planning structure used by some US multinational enterprises. Such structures can be used to hold a multinational’s intellectual property in a …
MALTA: The country registered the greatest economic growth in the Eurozone in the first half of 2018, according to a report published by the international agency DBRS. In a report published on the 18th of September, the DBRS said that the Malta ranks first in the Eurozone in terms of economic growth, followed by …
PANAMA: The country has commenced its automatic exchange of information in order to meet OECD global standards, the government has announced. Panama will be exchanging information with 33 countries. Panama’s Chief Financial Officer, David Hidalgo, said that it was important to …
IRELAND: Ireland’s Finance Minister Paschal Donohoe has announced a dramatic reform of the country’s corporate taxation, introducing new provisions for controlled foreign companies and transfer pricing. Anti-hybrid and transfer pricing rules to reduce tax avoidance by …
Malta: The Malta Digital Innovation Authority was officially established during the Delta Summit, a gathering of innovators, entrepreneurs, academics, and regulatory bodies under one roof. The authority, spearheaded by …
CITIZENSHIP: The European Commission’s Justice Commissioner has warned that EU Member States need to be more cautious when granting citizenship in exchange for investment. Such ‘golden passports’ schemes represent an ‘extremely concerning’ security threat, Vera Jourova said.
SWITZERLAND: The organisation that runs the Swiss stock exchange will next year launch a trading platform offering integrated end-to-end trading, settlement and custody services for digital assets such as virtual currencies. The regulated exchange will host all elements of …
EUROPE: The European Commission’s Justice Commissioner Vera Jourova has criticised the ‘slow and unsatisfactory’ transposition of the EU Fourth Anti-Money Laundering Directive into Member States’ national law. The transposition deadline expired more than a year ago, and …
EUROPE: The European Commission’s proposed EU-wide regulation on cross-border freezing and confiscation of assets has been confirmed by Member States’ governments.
IRELAND: The Dublin government has commissioned an independent review of its plans to introduce a vacant residential property tax, as mandated by Finance Act 2017. At the same time it is inviting comments from …
SWITZERLAND: The Swiss federal government is seeking Parliamentary approval of its agreements to automatically exchange financial account information with Singapore and Hong Kong from Autumn 2019. It is also proposing to begin …
SPAIN: Spain’s Ministerial Order 319/2018 was issued on 21 March, requiring Spanish non-listed companies to disclose their ultimate beneficial owners to …
SWITZERLAND: The Swiss authorities have charged three Germans with industrial espionage and violating bank secrecy, alleging the suspects passed Swiss …
VIRTUAL CURRENCIES: The Bank of England has become the latest of many financial institutions to demand closer regulation of the cryptocurrency sector. Th…
EU: The Bulgarian EU presidency organised an informal meeting in Sofia on 27 & 28 April, where the EU finance ministers discussed a renewed approach for …
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