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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.

22 August 2024

AFRICA: Nigeria SEC Plans to Approve Crypto Platforms as Use Grows

Nigeria’s SEC to license digital asset providers, ensuring market regulation.Despite a ban, Nigerian traders stay active, with SEC aiming for balanced fintech growth.Nigeria is on the cusp of a financial

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22 August 2024

US: Hunter Biden set to stand trial in September for tax evasion case

Hunter Biden is set to stand trial on federal tax charges in early September, and during a pre-trial hearing Wednesday, the legal team for President Joe Biden’s son and prosecutors appear in a

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22 August 2024

US: Witnesses at IRS Hearing Call for Easing of Foreign-Trust Rules

Foreign retirement plans should be exempt, speakers say Awareness of rules called “minimal,” penalties too harsh US citizens who live and work abroad need more clarity from the IRS to prevent them

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21 August 2024

CHINA: China’s supreme court alters AML law to encompass virtual assets

The Supreme People’s Court of the People’s Republic of China (SPC) has reworked its interpretation of the region’s AML laws to include virtual asset transactions. As part of a conference that

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21 August 2024

US: Kamala Harris Proposes Corporate Tax Hike Aiming For Fairness

The Vice President seeks to increase the corporate tax rate to support economic equity and reduce the deficit. Recently, Vice President Kamala Harris unveiled her proposal to raise the U.S. corporate

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21 August 2024

EU: Bill for 15% corporate tax for multinationals moves forward

Legislation to impose a minimum tax rate of 15% on large multinational enterprises with an annual turnover of €750 million is ready for implementation. This harmonisation bill transposes the European

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21 August 2024

AFRICA: UN tax convention moves closer but African diplomats fail to win new support

The African Group has been the driving force behind the agreement but it is a fragile triumph. African diplomats have moved closer to setting up a new United Nations tax authority focused on illicit

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20 August 2024

CHINA: China-U.S. financial working group holds fifth meeting

The China-U.S. financial working group held its fifth meeting in Shanghai from Thursday to Friday, discussing a range of issues related to the financial policies of both countries, according to China’s

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20 August 2024

SINGAPORE: Why is Southeast Asia’s Largest Bank Making a Play in Crypto-Assets?

There has been fresh investor interest in digital assets in recent times, thanks largely to supportive regulatory action. The approval of Bitcoin Spot Exchange Traded Funds (ETFs) by the US Securities

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20 August 2024

WEALTH TAX: Countries can raise $2 trillion by copying Spain’s wealth tax, study finds

Ending special tax treatment afforded to superrich can cover estimated climate finance needs Following the example of Spain’s “featherlight” wealth tax on the 0.5% richest households would see

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