GREECE: Gov’t boosting massive investment program and tax reductions from surplus revenues fighting tax evasion

The positive circumstances for the massive investment program funded by the Recovery Fund and NSRF, as well as from the significant rise in revenues due to the curtailment of tax evasion, create conditions to cover the investment gap in Greece and reduce tax burdens for taxpayers, the government’s financial team say.

Greece has a tremendous opportunity to establish its high growth rates in the coming years and restore unfairness in taxation policy that are grounded in the era of memorandums, they say.

Based on these new facts, the economic policy will focus on two overriding priorities:

a. Speedy absorption of Recovery Fund resources and funding of European programs through NSRF, along with the fast signing off of the projects, in order to contribute to the economy’s growth the soonest possible, and

b. Continuing the containment policy of tax evasion with measures such as digitizing transactions and with inspections by the Independent Authority for Public Revenue (AADE).

15 March 2024

UK: UK Treasury to overhaul crypto regulations to strengthen AML measures

The UK Treasury issued a consultation paper outlining amendments to money laundering regulations, which would impact the regulation of crypto assets across various dimensions. These adjustments in registration

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22 February 2024

CHINA: Chinese hedge funds struggle to calm investors amid losses, regulatory pressure

Chinese hedge fund managers are scrambling to soothe investors after a rout in small-value stocks, even as regulators step up scrutiny of major market players’ activities as they try to revive

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14 March 2024

SWITZERLAND: Switzerland to vote on taxing the rich to fund climate fight

Thanks to 109,988 signatures, Switzerland will vote through a referendum on the introduction of a 50% tax on inheritances above 50 million francs to allocate funds to protect the climate and finance

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26 February 2024

ANTIGUA & BARBUDA: Antigua & Barbuda’s citizenship program shows promising growth as CEO reveals big changes in 2024

With applications surging at an average growth rate of 14.3% between 2013 and 2023, Antigua & Barbuda’s Citizenship by Investment program (CIP) is slated to see a significant increase in application

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