IRELAND: Apple Must Pay $14.4 Billion to Ireland in Crackdown on ‘Sweetheart Deals’

Apple has been ordered to pay €13 billion ($14.4 billion) of back taxes to the Irish state, in a court ruling that ended a decade-long fight between Europe and the big tech company.

In a judgment handed down on Tuesday, the European Court of Justice (ECJ) agreed with a European Commission ruling in 2016, which found that for a period of more than 20 years Apple enjoyed illegal tax advantages that constituted state aid from the Irish government.

19 February 2024

ASIA: Asia’s family offices increase focus on digital assets amid growing market interest

According to a Feb. 19 article from Nikkei Asia, Zann Kwan, the managing partner and chief investment officer at Revo Digital Family Office, has highlighted a growing trend among family offices in crypto.

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19 March 2024

IRELAND: Confidential Memo Unveils Risks of Money Laundering & Tax Evasion in Ireland’s Golden Visa Scheme

A recent examination of Ireland’s Golden Visa program found that 90 per cent of applicants, primarily from China, lacked any clear connection to Ireland.A confidential memo from the Irish Department

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30 May 2024

BVI: BVI financial services to host trade show in China

Minister for Financial Services Lorna Smith has announced that the BVI intends to host its first financial services trade show in Shenzhen, China in early 2025, as the jurisdiction seeks to strengthen

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14 March 2024

EU: EU-frozen Russian assets to generate 15-20 bln until 2027, EU official says

Russian assets, frozen in the European Union after Moscow’s invasion of Ukraine, are likely to generate between 15 billion and 20 billion euros in after-tax profits until 2027, depending on the

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