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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.

13 December 2024

GLOBAL TAX: Wealth tax will raise revenue without burdening lower-income groups, say activists

A wealth tax is an effective way of raising much-needed revenue without imposing additional tax burdens on middle and low-income groups, says an alliance of Asian activist groups calling for the tax

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13 December 2024

ASIA: Korea postpones crypto taxing again. What’s next?

South Korea has postponed its cryptocurrency trading tax for the third time, following a last-minute agreement between opposing parties just a month before the policy’s scheduled implementation.

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13 December 2024

UAE: UAE Introduces 15% Tax On Profits For Multinational Corporations

The United Arab Emirates (UAE) will introduce an internal minimum income tax (Domestic Minimum Top-up Tax, DMTT) of 15% for large multinational companies operating in the country, Azernews reports.

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13 December 2024

EU: Adidas HQ raided in tax evasion investigation

Adidas’ German headquarters were raided by criminal prosecutors and customs investigators this week as part of a multi-year investigation into suspected tax evasion by the sports brand worth more

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13 December 2024

UK: HMRC accused of turning a blind eye to Chinese tax evasion

HMRC has come under fire over accusations of overlooking widespread tax evasion by Chinese “burner” companies operating on online marketplaces like Amazon, eBay, and Temu. These companies have been

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13 December 2024

CLIMATE FINANCE: Cop29 fell short on climate finance, says RBI deputy governor

Developing countries like India need a lot more support from richer countries to help them invest in sustainable technology and adapt to climate change, according to a deputy governor of the Reserve

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13 December 2024

US: IRS recovers nearly $5 billion in proceeds from tax fraud, criminal financing

Recently enacted Internal Revenue Service initiatives recovered $4.7 billion in funds from illegal schemes and criminal practices, officials said in a Thursday statement. Nearly $3 billion came from

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13 December 2024

HONG KONG: Hong Kong Mandates Full Sustainability Reporting for Public Entities by 2028

ISSB Alignment: Publicly accountable entities (PAEs) in Hong Kong must fully adopt ISSB-aligned sustainability disclosure standards by 2028. Mandatory Reporting: Large-cap issuers must comply with new

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13 December 2024

CLIMATE FINANCE: Countries agree $300 billion by 2035 for new climate finance goal – what next?

Here’s a deeper look at the new target for post-2025 climate finance and what more the international community needs to do to deliver concrete progress. In the early hours of 24 November, countries

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13 December 2024

NETHERLANDS: Tax avoidance in the Netherlands: Significant progress following new measures

The Netherlands has made significant strides in reducing tax avoidance, with recent measures showing promising results. The government’s ongoing efforts, both at a national and international level,

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