Concerns raised in the initial consultation have led to a scale back of original proposals but practical issues remain.
The Spring Statement 2025 saw proposals for new powers requiring financial institutions and other third parties to disclose information about and cease providing goods or services to suspected promoters of tax avoidance.
Following an initial consultation, these proposals have been scaled back in new draft legislation. However, the new powers will still impose a significant additional compliance burden on financial institutions (and others) and key questions remain.
In an article first published on the UK Finance website, Jack Prytherch, Partner at Osborne Clarke, sets out the latest developments on the proposals for promoter action notices (PANs) and promoter financial institution notices (PFINs).
Malaysia’s extensive network of Double Taxation Agreements (DTAs) is a central feature of its attractiveness as an investment destination. These treaties provide certainty in the treatment of cross-border
On December 18, 2024, U.S. Representative Darin LaHood, a Republican from Illinois, introduced a bill that would implement a residence-based system of taxation for U.S. citizens living overseas and
The UK government is set to introduce several significant changes to Inheritance Tax (IHT) rules in April 2025. These updates, announced last year, will alter how IHT is applied across various assets.
Press Release from Carey Olsen, Friday 25 October, 2024. Carey Olsen’s investment funds team in Jersey has advised RoundShield Partners LLP (“RoundShield”) on the successful closing