News & Publications

Legal News

In addition to publishing newsletters on a regular basis, Edlescher issues advisories and alerts to keep our clients informed of breaking news and legal developments.

To receive our publications, please email info@edlescher.com.

20 December 2024

EU: The 53% reduction in VAT evasion brings new tax cuts

In the wake of the pandemic, tax evasion in the VAT is up in Europe, but down drastically in Greece. And every reduction in tax evasion achieved on a permanent basis paves the way for new -permanent-

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19 December 2024

CAREY OLSEN: Carey Olsen and Alter Domus advise Gyrus Capital on €600 million continuation fund

Press Release from Carey Olsen, Thursday 19 November, 2024. Carey Olsen and Alter Domus have advised Geneva-based healthcare and sustainability investment firm Gyrus Capital (“Gyrus”)

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19 December 2024

HONG KONG: Private Banks Boost Hong Kong Hiring to Woo Rich Chinese Clients

Wealth managers are ramping up hiring in Hong Kong to cater to an inflow of mainland Chinese money. UBS Group AG is adding staff as it looks to double the assets it manages for millionaire clients in

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19 December 2024

CRYPTO: Crypto Pioneer Roger Ver (Bitcoin Jesus) Faces $48M Tax Showdown with the IRS

Roger Ver, famously known as “Bitcoin Jesus,” is locked in a $48 million tax dispute with the IRS. The accusations stem from alleged tax evasion after Ver renounced his U.S. citizenship. In December

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19 December 2024

EU: EU approves 15th package of sanctions against Russia

Today, the EU Council adopted the 15th package of economic and individual sanctions to further limit Russia’s ability to wage an illegal, unprovoked and unjustified war of aggression against Ukraine,

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19 December 2024

US: Corporate Transparency Act Remains Blocked Despite DOJ Stay Request

The court’s nationwide injunction in early December put the Jan. 1, 2025, filing deadline for beneficial ownership information on hold. This week a Texas judge denied the government’s request to

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19 December 2024

TAX EVASION: Crackdown on Offshore Gaming Entities: 642 Under Investigation

The Directorate General of GST Intelligence (DGGI) has identified 642 offshore entities involved in online money gaming for potential tax evasion. These entities have been reported to the Ministry of

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19 December 2024

EU: Driving green finance with Europe’s new label

The European Green Bond Standard (EUGBS), a landmark regulatory framework for sustainable bonds, will take effect on 21 December 2024. Issuers may then use the “European green bond” or “EuGB”

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19 December 2024

HONG KONG: Hong Kong vows to finish crypto asset reporting framework by 2026

On December 13, Mohammed Azharuddin Chhipa residing in Springfield, was convicted by a federal jury on multiple counts associated with the Islamic State of Iraq and al-Sham, a foreign terrorist organization.

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19 December 2024

US: Gov. Inslee floats ‘modest wealth tax’ to help close Washington state’s $12 billion budget gap

To address a $12 billion budget gap, Gov. Jay Inslee is proposing a 1% wealth tax on the state’s richest residents, according to a budget proposal released Tuesday morning. As one of Inslee’s

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