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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.

13 December 2024

US: US Treasury issues final guidance for Investment Tax Credit

The US Department of the Treasury and the Internal Revenue Service (IRS) have released the final rules for the Section 48 Energy Credit, also known as the Investment Tax Credit (ITC), which keep the

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13 December 2024

CAREY OLSEN: Carey Olsen Asia achieves strong rankings in Chambers Asia-Pacific 2025 Guide

Press Release from Carey Olsen, Friday 13 December, 2024. Carey Olsen Asia has maintained its strong position in the offshore legal market, achieving impressive rankings in the Chambers Asia-Pacific

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13 December 2024

AFRICA: The looming reality of a wealth tax in South Africa

It looks like a wealth tax in South Africa is all but unavoidable. While no one knows exactly when it will become a reality, it is probably a good idea to start paying attention now. The writing is

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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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