Singapore has been accelerating its tightening of various investment regimes since March after at least one of the defendants in a recent SGD3 billion (USD2.2 billion) money laundering case was involved a family office that received tax exemptions, Bloomberg reported, citing people with the knowledge of the matter. Singapore asked family offices and hedge funds to provide more information and further close down inactive business entities.
Family offices that were reportedly granted tax exemptions received new forms in May requesting more detailed information, and the forms need to be submitted by the end of June. Meanwhile, the Monetary Authority of Singapore (MAS) confirmed that it would abolish the licensing regime for hedge funds with assets of up to USD250 million by 1 August and replace it with a more stringent reporting mechanism.
Astons, a global investment residency and luxury real estate leader, is thrilled to introduce its premier Cyprus real estate investment opportunities. These meticulously selected properties are not
The new Labour Government in the UK has made its first formal pronouncement about its approach towards tax justice and transparency with the Crown Dependencies and Overseas Territories. Stephen Doughty,
European Union taxpayers held assets worth at least $1.6 trillion offshore in 2016, equal to nearly 10% of the bloc’s output, the European Commission said on Friday, estimating tax revenue losses
Press Release from Carey Olsen, Friday 29 November, 2024. Carey Olsen has advised on an innovative captive assisted value share bulk purchase annuity (BPA) transaction with M&G plc (“M&G”).