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.

25 October 2024

FATF: Financial Action Task Force to halve number of countries on global AML “grey list” under new review criteria

Global AML watchdog the Financial Action Task Force (FATF) says it has made major changes to the criteria it uses for placing countries on its “grey list” of nations under increased monitoring,

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11 March 2024

UK: Treasury disbanded non-dom tax policy unit weeks before budget, sources say

The Treasury disbanded a unit tasked with offshore and non-dom tax policy weeks before announcing significant changes in the budget to the way foreign residents are taxed, sources have said. The unit,

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3 January 2025

US: Major IRS Reforms Coming In 2025 By Trump 2.0

IRS reforms in 2025 could bring tax simplification, lower corporate taxes, and changes to wealth taxes. Here’s what you need to know to prepare for these changes. Major IRS Reforms Coming In 2025

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25 October 2024

CAREY OLSEN: Carey Olsen announces two senior promotions within BVI litigation practice

Press Release from Carey Olsen, Friday 25 October, 2024. Carey Olsen is pleased to announce the promotion of Catherine O’Connell and Sara Malik to senior associate within the firm’s British

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