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.
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,
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,
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
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