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

GREEN FINANCE: Oxfam says close to $41 billion in World Bank climate finance unaccounted for

Oxfam reported in a new publication on Wednesday that nearly 41 billion U.S. dollars in World Bank climate finance—approximately 40 percent of the climate funds disbursed by the Bank over the past

Read More
18 October 2024

US: SEC Sweep of Late Beneficial Ownership Filings

In late September, the SEC announced a sweep of settled charges for late beneficial ownership and insider transaction filings, including over $3.8 million in penalties against individuals and companies.

Read More
18 October 2024

UK: UK’s ultra-rich non-doms urge Italian-style tax regime to prevent wealth exodus

Britain’s ultra-rich non-doms are urging the government to introduce an Italian-style flat-tax regime to prevent a wealth exodus, as their preferential status comes under threat in the upcoming budget.

Read More
18 October 2024

EUROPE: Italian Government Raises Crypto Tax Amid EU Regulatory Changes

Italy plans to raise its capital gains tax on bitcoin to 42% amid growing adoption and as the EU prepares to implement its unified cryptocurrency regulations. Italy is set to increase its capital gains

Read More
18 October 2024

CAREY OLSEN: Carey Olsen confirmed as the leading offshore law firm by Chambers UK

Press Release from Carey Olsen, Friday 18 October, 2024. Carey Olsen is the highest-ranking offshore law firm in the Chambers UK Legal Guide 2025, having achieved 10 out of a possible 12 Band 1 rankings.  

Read More
18 October 2024

EUROPE: Tax on Europe’s frequent flyers could raise €64bn a year

A “jet-setter” tax on Europe’s frequent flyers could slow global heating and raise €64bn (£54bn) a year at no extra cost to most people, a report has found. Carbon pollution pumped out of planes

Read More
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

Read More
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

Read More
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

Read More
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

Read More