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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.

20 April 2024

CITIZENSHIP: What are golden visas? Spain moves to axe permits in blow to non-EU citizens including Brits

Spain has confirmed it plans to scrap its ‘golden visa’ scheme in a blow to wealthy Brits who may have been planning to capitalize on the plan. The Spanish PM, Pedro Sanchez, explained to reporters

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20 April 2024

US: IRS investigation chief expects uptick in crypto tax evasion this year

IRS criminal investigation chief Guy Ficco said his agency has become more aggressive and capable of dealing with crypto-related tax crimes amid tax reporting season. The United States Internal Revenue

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20 April 2024

Carey Olsen advises Beijing Energy International Holding Co. Ltd on $40 million green bond issuance

Press Release from Carey Olsen, Tuesday 16 April, 2024.  Carey Olsen’s corporate team in Hong Kong has advised leading global eco-development solutions provider Beijing Energy International Holding

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20 April 2024

GREEN FINANCE: Standard Chartered, KPMG, and UNDRR aim to boost climate adaptation funding ahead of COP29

Standard Chartered, KPMG, and the United Nations Office for Disaster Risk Reduction (UNDRR) are urging for a significant increase in the mobilisation of funds for adaptation and resilience, especially

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20 April 2024

UK: UK to propose clearer crypto regulations by July

The U.K.’s economic secretary to the Treasury, Bim Afolami, said the government’s priority is improving the payments landscape and providing regulatory clarity for digital assets and blockchain.

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20 April 2024

BAHAMAS: PM: Bahamas must avoid ‘pitfalls of past’ over FATF

The Bahamas must “avoid stumbling into the pitfalls of the past” by upholding regulatory standards to maintain its perfect rating on anti-financial crime compliance, the Prime Minister says. Philip

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20 April 2024

AFRICA: 2024 Africa Wealth Report: Millionaire Growth of 65% in Next Decade

The total investable wealth currently held on the African continent amounts to USD 2.5 trillion and its millionaire population is set to rise by 65% over the next 10 years, according to the 2024 Africa

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20 April 2024

MAURITIUS: India-Mauritius DTAA Amendment Closes Tax Avoidance Loophole

India and Mauritius have signed the protocol amending their Double Taxation Avoidance Agreement (DTAA), which now incorporates the Principal Purpose Test (PPT). This provision serves as a criterion

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19 April 2024

US: Millionaires’ Effective Tax Rate Has Been Cut by Half Since Mid-20th Century

Millionaires are currently being taxed at half of the effective tax rate they were paying in the mid-20th century, a new report finds, as the tax code has become increasingly regressive and wealth inequality

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19 April 2024

ASIA: Singapore faces competition from Thailand and Malaysia as regional hub for multinationals

While Singapore still holds advantages in location, language proficiency, and financial services, rising costs are prompting Japanese and European companies to consider relocating specific functions,

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