Archives
2022
HNWIs Seeking to Leave the UK
The migration patterns of high-net-worth individuals (HNWIs) departing from the United Kingdom am...
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Hungary Blocks Global Minimum Tax
Hungary blocked an EU directive that would enforce a 15% minimum tax on multinational corporation...
Read More2021
Why Malaysia's Failure on MM2H Will Result in Decreased FDI Interest
Malaysia’s implementation of stricter requirements for its MM2H (Malaysia My Second Home) program...
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When Investment Migration Programs Go Wrong
When examining issues arising from Cyprus’s Citizenship Investment Program (CIP), it becomes clea...
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The Pending Paradigm Shift
Western liberal democracies face structural challenges similar to those experienced by historical...
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Wealthy Beware
High-net-worth individuals (HNWIs) in Asia and the Americas should consider investment migration ...
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For the 99.5% Act
Senator Bernie Sanders introduced this legislation on March 25, 2021, targeting wealth taxation f...
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US Attempts to Create a Global Tax Baseline
Treasury Secretary Janet Yellen proposed implementing a global minimum corporate tax rate during ...
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Cyprus Changes Permanent Residency Program to Reflect Fund Options
Cyprus has modified its permanent residency by investment program, representing a positive develo...
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Crypto & Taxes
Saw an interesting piece on crypto-currencies and tax regimes in Wealth Management. Worth the read.
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FATCA and Foreign Bank Accounts
Significant changes to U.S. anti-money laundering and tax evasion laws stem from the “Combating M...
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NY Beware. Americans are Looking Elsewhere
A recent New York Post article discusses New York state legislature’s proposal for “$7bn in new a...
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Democrats Push for a 'Wealth Tax'
The United States has never implemented a wealth tax, though European nations have experimented w...
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Rich Indians are Set to Leave
Wealthy Indian citizens are exploring relocation options due to increasing tax burdens in India. ...
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Options for Wealthy Nigerians
Nigerians increasingly seek global relocation options, with citizenship by investment (CBI) progr...
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US Taxes Set to Rise
With Democratic control of Congress and the Presidency, the Biden Administration is positioned to...
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US Ends UBO Privacy
There seems to be a growing international trend on the part of governments to create a baseline i...
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Closure of Cyprus CIP 'a Great Travesty'
I was featured in IMI Daily’s “Ten On The Weekend” discussing the closure of Cyprus’s Citizenship...
Read More2020
UK Wealth Tax
The potential implementation of a UK wealth tax would prove economically damaging. The imposition...
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Argentina and Taxes
Argentinians normally look to Uruguay and then the United States when thinking about tax planning...
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UK Starts to Tax Wealth
Like other major economies in 2020, the UK is facing a tax deficiency in light of COVID-19 and th...
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India Introduces Citizenship Based Taxation
India has recently implemented citizenship-based taxation, marking a significant shift in its tax...
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Portugal to Allow Birthright Citizenship
Portugal has implemented a significant policy change regarding birthright citizenship. Children b...
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Real Estate Collapse in Cyprus
As of November 1st, Cyprus will suspend its existing citizenship by investment programme.
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Structural Impediments to the Cyprus Economy
My article has been featured in IMI Daily discussing structural challenges facing Cyprus’s econom...
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Global Real Estate Collapse
Financial industry predictions about a limited global real estate correction are misguided. Gover...
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'Neither fair nor helpful' - Thoughts on Al Jazeera's Investigation
I was asked by IMI Daily to provide commentary on an Al Jazeera investigation examining Cyprus’s ...
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Tax Their Obscene Wealth
With the Democrats now solidifying around a Biden-Harris ticket, the U.S. faces a real choice bet...
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COVID-19 and the Pending Collapse of Real Estate
COVID-19 represents a global turning point that will shift toward more restrictive international ...
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How COVID-19 Will Change the World
COVID-19 represents a pivotal moment for the global economy and citizenship by investment (CBI) p...
Read More2019
Cyprus Amends Naturalization Program
The Republic of Cyprus has updated its Naturalization by Exception Programme, effective May 15, 2...
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Some Thoughts on Austria
Austria’s Ministry of Finance recently clarified whether a home office arrangement for an employe...
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Dividends in Austria
An Austrian Supreme Administrative Court ruling addressed dividend withholding tax treatment for ...
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Hungary vs. Google
In September 2019, the European Court of Justice’s advocate general ruled that Hungary’s advertis...
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Bulgarian Transfer Pricing
Bulgaria’s parliament enacted fresh transfer pricing regulations on July 31, 2019, aligning with ...
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Czech Cross-Border Disclosure
The Czech Republic is implementing DAC 6, an EU directive requiring mandatory disclosure of cross...
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Bulgaria Starts Again with GDPR
In late January 2019, Bulgaria’s legislature adopted the EU’s GDPR regulation, but the Bulgarian ...
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Amendments to the Hungarian Labour Code
Hungary updated its labour regulations to expand overtime allowances. The annual permissible over...
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Albania Tax Update
On January 1, 2019, Albania modified its Income Tax Act to establish new regulations addressing i...
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Serbia Institutes UBO Registry
As of the end of 2018, Serbia established a central register for ultimate beneficial owners (UBOs...
Read More2018
Austria Changes Its Data Protection
In November, Austria’s Data Protection Authority mandated that data processing operations in all ...
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Romania Changes Insolvency Laws
Government Emergency Ordinance GEO 8/2018 introduced significant amendments to Romania’s insolven...
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ESMA Updates AIF Disclosure Requirements
On October 4, 2018, the European Securities and Markets Authority (ESMA) released updated guidanc...
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Germany Moves to Regulate Online Retailers
Germany advanced legislation in August targeting VAT avoidance for goods sold through online mark...
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US Expands Restraints on Transfer of Sensitive Goods and Technologies
The U.S. government introduced regulatory measures to control sensitive goods and technology tran...
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New Collective Agreements in Slovenia
In August 2018, Slovenia implemented a new collective agreement baseline affecting employer sched...
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Monitoring Polish Employees After GDPR
Following GDPR implementation, Poland enacted specific regulations governing employee monitoring ...
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Bulgaria Adopts Changes to Public Procurement
Bulgaria has implemented new appeal procedures for public procurement to streamline processes and...
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Croatia Changes Its Capital Markets Regime
In July, Croatia’s parliament enacted a new Capital Markets Act to harmonize domestic legislation...
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Russia Moves Forward on Countermeasures
Russia has responded to U.S. sanctions imposed in April 2018 by passing legislation that grants t...
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EU Affects Cross-Border Transactions
The European Union implemented new cross-border transaction reporting requirements through Counci...
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US Puts WTO Into Crisis Mode
The Trump administration has created significant dysfunction within the World Trade Organization ...
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Hungary Proposes Screening of FDI
The Hungarian government introduced legislative proposals to establish regulatory oversight of fo...
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Major Changes to Romania's Public Procurement Regime
Romania recently enacted Government Emergency Ordinance 45/2018 to amend its public procurement f...
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Serbia to Institute UBO Law
The Serbian parliament adopted legislation establishing a central registry for ultimate beneficia...
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European Commission Legislative Update
On May 24th, the European Commission released proposals promoting SME growth markets. The initiat...
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Poland Introduces Debtor Registry
Poland has launched the Register of Public Law Dues, designed to track financial liabilities of i...
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Bulgaria Introduces GDPR
Bulgaria’s government announced plans to introduce additional protocols under the EU General Data...
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Cyprus Adopts EU Exchange of Tax Information
Cyprus has aligned its domestic legislation with EU Directive 2016/881/EU through Law 33(I)/2018,...
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US Customer Due Diligence Regime Goes Live
US banks have implemented the Treasury’s new customer due diligence (CDD) regime, requiring verif...
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Oil and Gas Industry Strengthens
Key trends are emerging in the oil and gas sector as the industry gains momentum amid rising comm...
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Greece Amends Cadastral System
Greece has restructured its property registration system by establishing a new public entity call...
Read More2017
M&A in Cyprus
This comprehensive overview examines the regulatory framework governing mergers and acquisitions ...
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A Short Discussion on Energy Regulation in Albania
Albania’s energy sector demonstrates reasonable strength overall, particularly regarding regulato...
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Republic Srpska Tax Update
The National Assembly of the Republic of Srpska adopted amendments to the Profit Tax Law on Decem...
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Belarus Tax Note
A proposed amendment to Belarus’s Tax Code was released by the Ministry of Finance, providing bus...
Read More2016
New Amendment to the Hungarian Civil Code
The Hungarian Civil Code amendment, effective October 1, 2016, introduced the independent mortgag...
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How Brexit May Impact British Property Owners in Bulgaria
Approximately 1.3 million UK citizens reside in Europe, with many choosing Bulgaria for vacation ...
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The New Enforcement and Security Act (Serbia)
Serbia’s Enforcement and Security Act (ESA) took effect on July 1, 2016, following its adoption i...
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How to Establish a Limited Liability Company in Czech Republic
A limited liability company represents the preferred business structure for foreign investors in ...
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The Bulgarian Supreme Court Repeals Cumbersome Fee Rates Under the Public Procurement Act
The Bulgarian Supreme Court issued a judgment on February 29, 2016, that invalidated Regulation N...
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Cyprus: Proposed Amendment on Automatic Exchange of Information
An important legislative proposal is being considered by Cyprus’s Council of Ministers regarding ...
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Banking Secrecy in Cyprus
Complete bank secrecy is becoming obsolete. The Automatic Exchange of Information (AEOI) framewor...
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Brexit - Potential Impact on London Based Private Equity Managers
On June 23, 2016, the UK voted to leave the European Union, triggering Article 50 of the Lisbon T...
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Slovenia Amends Insolvency Law
Slovenia modified its Financial Operations, Insolvency Proceedings and Compulsory Dissolution Act...
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