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.

18 October 2024

LUXEMBOURG: Oman and Luxembourg sign agreement to avoid double taxation

The Sultanate of Oman and the Grand Duchy of Luxembourg have signed an agreement to eliminate double taxation on income and prevent tax evasion. This accord aims to provide legal protection for investors

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18 October 2024

UK: Overseas UK territories are the ‘biggest enablers of corporate tax abuse,’ tax advocacy group says

Advocacy group the Tax Justice Network has ranked the British Virgin Islands, followed by the Cayman Islands and Bermuda as “most complicit” in helping multinational corporations underpay corporate

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18 October 2024

UK: Tax advisor predicts major changes in Labour’s first budget

A tax advisor has predicted big changes in Labour’s first budget. Tony Medcalf, a tax partner at the accountancy and business advisory firm MHA in Kendal, shared his thoughts on the potential

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18 October 2024

JERSEY FINANCE: Jersey’s finance industry reports ‘robust growth’ in first six months of 2024

Press Release from Jersey Finance, Friday 18 October, 2024. Jersey’s finance industry has reported robust growth across its funds, banking andcorporate sectors over the first six months of 2024, despite

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18 October 2024

SOUTH AFRICA: SARS Pushes Crypto Tax Compliance for South African Traders

Efforts by the South African Revenue Service (SARS) to guarantee that all crypto assets owned by South Africans are correctly recorded for tax reasons are intensifying. Given an estimated 5.8 million

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18 October 2024

CHINA: China targets ultra-rich with enforcement of offshore investment tax

China has begun enforcing a long-overlooked tax on overseas investment gains by the country’s ultra-rich as it seeks to expand revenue sources amid a slumping economy and declines in domestic land

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11 October 2024

PANAMA: Panama lashes out at EU over tax haven ‘outrage’

Panama on Thursday lashed out at the European Union for keeping the country on its tax haven blacklist despite its efforts to crack down on tax evasion. President Jose Raul Mulino said he had asked

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11 October 2024

SOUTH AFRICA: Sars Confirms Criminal Sanctions for Crypto Non-Compliance

Sars confirms ability to receive information directly from local crypto asset exchanges, to ensure non-compliance is both hard and costly for taxpayers! Looking beyond the borders of South Africa, the

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11 October 2024

US: Trump vows to eliminate US income taxes on Americans abroad

His pledge could simplify the tax obligations for US citizens who live overseas. Americans, regardless of where they live in the world, have to file tax information with the Internal Revenue Service

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11 October 2024

UK: UK & Seychelles Announce Beneficial Ownership Transparency Initiative

“We want to revise the beneficial ownership database, and we are being assisted by the U.K. to implement a new framework,” said Secretary of State Patrick Payet, according to the government-funded Seychelles

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