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The Hong Kong Information Services Department confirmed the country’s commitment to implementing the Crypto-Asset Reporting Framework (CARF). This initiative aims to bolster international tax transparency
Taiwan, India and the US will be favoured by high-net-worth individuals and family offices in 2025 and they might also invest more in mainland China and Hong Kong due to stimulus measures from Beijing,
Press Release from Carey Olsen, Friday 3 January, 2024. Carey Olsen is pleased to announce the promotion of five lawyers across the firm’s Guernsey, Hong Kong, Jersey and London offices. In Guernsey,
The Greek government has announced an ambitious package of 18 tax cuts and 7 income support measures aimed at increasing disposable income and easing the financial burden on citizens in 2025.The initiatives,
Bank of America must shore up its Bank Secrecy Act and sanctions compliance programs, according to a cease-and-desist order issued last week by the Office of the Comptroller of the Currency. The Dec.
The number of individuals confessing to HMRC about unpaid taxes on offshore income surged by 22 per cent in 2024, with 5,643 taxpayers coming forward compared to 4,630 in 2023, according to research
The Justice Department asked the Supreme Court to issue an emergency order reinstating a federal anti-money laundering law as a legal battle plays out in a lower court. Passed in 2021, the Corporate
Washington Democrats are preparing for a legislative session where new taxes will be a major focus to solve a multi-billion dollar state budget hole. House Speaker Laurie Jinkins, D-Tacoma, and Senate
Quick summary:• The combined wealth of the 500 richest individuals worldwide reached $10 trillion in 2024, a record high driven largely by tech stock gains and other economic factors. • Eight tech
IRS reforms in 2025 could bring tax simplification, lower corporate taxes, and changes to wealth taxes. Here’s what you need to know to prepare for these changes. Major IRS Reforms Coming In 2025