HONG KONG: Crypto-Asset Reporting Framework Implementation Announced

The Hong Kong Information Services Department confirmed the country’s commitment to implementing the Crypto-Asset Reporting Framework (CARF). This initiative aims to bolster international tax transparency and address cross-border tax evasion.

The Government plans to begin automatic exchanges with relevant jurisdictions under CARF starting in 2028.

Legislative amendments necessary for CARF implementation are expected to be in place by 2026.

15 March 2024

EU: Hungary’s new immigration law, effective from March 1, 2024

Highlights: Hungary’s new immigration law, effective from March 1, 2024 The new Hungary’s immigration law introduced 24 residence permits, including 8 for employment-related purposes.The validity

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21 February 2025

CAYMAN ISLANDS: Changes made as beneficial ownership regime reworked

Premier Juliana O’Connor-Connolly presented changes to beneficial ownership legislation to parliament when it met for the last time before the elections. While the Beneficial Ownership Transparency

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25 March 2025

US: Group behind ‘millionaire’s tax’ calls for tax on ‘billionaire’ corporations

The coalition behind the state’s “Fair Share Amendment,” or millionaire’s tax, is pushing for increased taxes on “billionaire global corporations” and calling on lawmakers to use the state’s

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29 February 2024

EUROPE: European Parliament Takes Aim at Global Financial Secrecy in Landmark Pandora Papers Report

In a bold stride toward curbing global financial secrecy, the European Parliament has adopted a pivotal report in the aftermath of the Pandora Papers revelations, casting a spotlight on the intricate

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