An interesting read from Family Capital. Although I agree with the net-outflow thesis, the issue is where will these millionaires...

Hungary blocked an EU directive that would impose a 15% minimum tax on multinational corporations, arguing the levy would deal...

Last month, Malaysia placed new and more onerous compliance requirements on its MM2H (Malaysia My Second Home) program. As expected,...

An interesting quick read with respect to the Cyprus property market post-CIP. What the authors do not stress, and is...

Without trying to sound cliché, Karl Marx once wrote: "History repeats itself, first as tragedy, second as farce." This seems...

I would argue that HNWIs both in Asia and the Americas should now start to look at effective investment migration...

On March 25, 2021, Senator Bernie Sanders introduced legislation entitled “For the 99.5% Act.”  The aim of the bill is...

U.S. Treasury Secretary Janet Yellen argued this week for the imposition of a global minimum corporate tax rate. Her comments...

Cyprus has made some changes to its permanent residency by investment program.  Quite a good step in the right direction. ...

Saw an interesting piece on crypto-currencies and tax regimes in Wealth Management.  Worth the read.

In the waning days of the Trump Presidency a little known act - the "Combating Money Laundering, Terrorist Financing, and...

Came across an interesting piece in the New York Post regarding NY state legislature proposing an additional USD $7bn in...

The United States has never had a wealth tax. European nations have had such things, but many of repealed them...

With the more onerous tax burdens coming into play, the wealthy of India are looking for options. Many are still...

Nigerians are increasingly looking for additional options when it comes to global travel and relocation. The most popular options are...

With the Democrats now controlling Congress and the Presidency, the new Biden Administration is set to fundamentally change the nature...

As this year's US defence appropriations act demonstrates, there seems to be a growing international trend on the part of...

Very nice to be featured in IMI Daily's "Ten On The Weekend".

With all due respect to the BBC, the imposition of such a "one-time" wealth tax would have a disastrous impact...

Argentinians normally look to Uruguay and then the United States when thinking about tax planning. Those routes seem now insufficient,...

Like other major economies in 2020, the UK is facing a tax deficiency in light of covid-19 and the severe...

Like others governments facing revenue shortfalls, India has just recently introduced citizenship-based taxation. Henceforth, Indian nationals, irrespective of physical presence...

A very nice development in Portugal this week. Birthright citizenship will be henceforth allowed for those that are born in...

As of November 1st, Cyprus will suspend its existing citizenship by investment programme. Although the benefits of such a programme...

Very nice to have my article featured in IMI Daily.  My supposition is that the Cypriot economy cannot be so...

It seems that many in the financial industry are starting to push the notion that somehow the pending global real...

IMI Daily today requested my feedback to the Al Jazeera investigation of the Cyprus citizenship-by-investment program and related corruption. Although...

With the Democrats now solidifying around a Biden-Harris ticket, the U.S. faces a real choice. Continue with the Trump-Pence paradigm...

Arguably, COVID-19 will be a world-wide tipping point for the ushering in of a more restrictive global system, flying in...

Epidemics are related to population mobility. COVID-19 is special in that today’s global economy is intrinsically linked to unprecedentedly prevalent...

The Republic of Cyprus has recently amended its Naturalization by Exception Programme. The changes become effective as of 15 May...

Austria's Ministry of Finance has recently provided some guidance on the question of an Austrian home office as it applies...

The Austrian tax court has recently opined on the question of dividend payments from Austria to an intermediate EU holding...

On 12 September 2019, the advocate general of the European Court of Justice held that Hungary's advertisement tax legislation based...

On 31 July 2019, Bulgaria's parliament adopted new transfer pricing rules in line with recommendations of the OECD. The new...

Recently, the Czech government submitted to parliament a bill implementing DAC 6 on the mandatory disclosure of cross-border tax arrangements....

Towards the end of January 2019, Bulgaria's legislature adopted the EU's GDPR regulation, but was subsequently overruled by the Bulgarian...

Hungary has recently amended its labour code in order to increase permissible overtime levels. On an annual basis, permissible overtime...

On 1 January 2019, Albania's Income Tax Act was amended with respect to imposition of new rules on the indirect...

As of the close of 2018, Serbia has now established its central register of ultimate beneficial owners. Henceforth, Serbian companies,...

In early November, the Austrian Data Protection Authority issued a directive that data processing operations in all cases requires a...

Just this past October, Government Emergency Ordinance GEO 8/2018 was published, which set out certain new amendments to Romania's insolvency...

On October 4, 2018, ESMA (the European Securities and Markets Authority) updated its view on the applicability Directive 2011/61/EU on alternative investment...

Recently in August, Germany moved forward with a proposal directed against VAT avoidance relating to supplies of goods with a...

With concerns over challenges posed by China, the US government recently introduced new measures designed to enact control over the...

Just this past August, Slovenia introduced a new collective agreement baseline for companies. The new collective agreement regulates business times...

In the wake of GDPR, Poland has adopted a number of measures related to employee monitoring. Enshrined in the Polish...

Bulgaria has recently adopted new appeal procedures related to public procurement. Designed to speed-up appeals and to bring an end...

This past July, Croatia's parliament adopted a new Capital Markets Act in order to align Croatian legislation with the EU acquis....

Russia has slowly moved forward in terms of its response to a recent push by the US to levy sanctions...

The EU has introduced new cross-border transaction reporting requirements. Recently in May, the EU quietly adopted Council Directive 2018/822/EU on...

The US has put the WTO Appellate Body into crisis mode. Since the advent of the Trump administration, the US has...

The Hungarian government has recently proposed legislative changes designed to enable regulatory screening of foreign acquisitions of certain Hungarian companies....

Quite recently, a Romanian government emergency ordinance regarding certain amendments to Romania's public procurement regime ("GEO 45/2018") has been approved...

The Serbian parliament has recently adopted a new law regarding the introduction of a central registry of ultimate beneficial owners...

On May 24th, the EC published proposals related to the promotion of the use of small and medium sized enterprise...

Poland has recently introduced another public registry related to debtors. Poland is in the process of introducing the Register of...

Bulgaria is set to introduce certain changes to the application of the EU General Data Protection Regulation (GDPR). Bulgaria's government...

Cyprus has brought its domestic law inline with EU directive on mandatory automatic exchange of tax information. Cyprus has recently...

US banks have begun applying the US Treasury's new customer due diligence regime, requiring them to verify the identities of...

As the oil and gas industry strengthens with eyes on rising commodity prices, costs and emerging technologies, there are certain...

Greece has abolished and replaced its “National Cadastre and Mapping Agency S.A.” with a new public entity entitled the "Hellenic...

When it comes to M&A in Cyprus, there are a number of major laws one should be aware of, as...

Albania performs reasonably well overall with respect to the quality of its energy (electricity and natural gas) sector. A recent...

The National Assembly of the Republic of Srpska (RS) adopted amendments to the Profit Tax Law on 28 December 2016....

A draft law that would amend the Tax Code of the Republic of Belarus has been posted on the website...

The purpose of the new amendment to the Hungarian Civil Code, effective as of 1 October 2016, is to make...

One of the most popular enquiries after Brexit is how expats and people who own property in Bulgaria will be...

Serbia’s new Enforcement and Security Act (ESA) was adopted on 18 December 2015, and has become effective as of 1...

A limited liability company is the most common corporate form established by foreign investors in Czech Republic. The activity is...

Pursuant to a judgement dated 29 February 2016, the Bulgarian Supreme Court repealed Regulation no 196 of the Council of...

An important amendment to the Assessment and Collection of Taxes Law (N.4/1978) in Cyprus is currently under consideration by the...

Complete bank secrecy is fast becoming a matter of the past.  The Automatic Exchange of Information (AEOI) portal provides a...

On the 23rd of June, the UK voted to leave the European Union. Known as “Brexit”, the UK Government with...

Slovenia has amended the Financial Operations, Insolvency Proceedings and Compulsory Dissolution Act, which follow on amendments in 2013, amending preventive restructuring,...