IRELAND: Ireland fails to implement three EU directives

Ireland has failed to implement three EU directives, prompting the European Commission to issue it with a letter of formal notice.

It has not implemented on the VAT fraud directive, the Emissions Trading System Directive nor the Common Charger Directive.

There are 26 member states which have not yet notified full transposition measures for 11 EU directives in the fields of justice, internal market and SMEs, taxation and customs, health, climate, home affairs, and financial services.

Member states concerned now have two months to reply to the letters of formal notice and complete their transposition, or the Commission may decide to issue an opinion.

14 November 2024

UK: HMRC probes into serious tax fraud and avoidance fall to lowest level in six years

The number of HMRC investigations into serious tax fraud and avoidance has fallen to the lowest level in six years, new figures show. Total investigations, known as Code of Practice eight and nine cases,

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17 May 2024

AFRICA: IMF urges Nigeria to regulate digital asset exchanges

The International Monetary Fund (IMF) recommended that Nigeria impose registration or licensing requirements on global digital asset trading platforms, in a report published May 9. The advice follows

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22 August 2024

US: Witnesses at IRS Hearing Call for Easing of Foreign-Trust Rules

Foreign retirement plans should be exempt, speakers say Awareness of rules called “minimal,” penalties too harsh US citizens who live and work abroad need more clarity from the IRS to prevent them

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30 April 2024

PORTUGAL: Portugal’s Shift from Real Estate to Investment Funds for Golden Visa Eligibility

In a significant shift echoing trends seen across Europe, Portugal has recently adjusted the qualifications for its Golden Visa program, moving away from the once popular real estate investment route.

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