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.

21 February 2024

HONG KONG: Hong Kong Triumphs in Tax Cooperation, Removed from EU Watchlist

In a major development, the EU has removed Hong Kong from its tax cooperation watchlist due to its new Foreign-sourced Income Exemption regime. This strategic shift in tax policy showcases Hong Kong’s

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21 February 2024

BAHAMAS: The Bahamas Removed From The European Union’s List Of Non-Cooperative Jurisdictions For Tax Purposes

Press Release from the Bahamas Financial Services Board and the Association of International Banks and Trusts, Wednesday 21 February, 2024.  The Ministry of Finance is pleased to announce The Bahamas’

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20 February 2024

CHINA: Hedge funds double down on China ahead of rate cut, Goldman says

Hedge funds favoured Asian emerging markets in the week to Feb. 15, piling into company stocks in China, Korea, Taiwan, and India, in moves that came just before China slashed its benchmark mortgage

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20 February 2024

ST KITTS AND NEVIS: Prime Minister of St Kitts and Nevis addresses public on CBI Programme changes

Dr Terrance Drew, Prime Minister of St Kitts and Nevis, and his cabinet answered questions regarding the government’s recent economic decisions, from the public, in a press conference held on 13 February

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20 February 2024

EU: Bahamas, Belize, Seychelles and Turks and Caicos Islands removed from the EU list of non-cooperative jurisdictions for tax purposes

Today, the Council removed Bahamas, Belize, Seychelles and Turks and Caicos Islands from the list of non-cooperative jurisdictions for tax purposes. With these updates, the EU list consists of the following

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20 February 2024

EU: EU Common Tax Plan Under Fire From Countries’ Parliaments

Five EU countries criticize BEFITReservations could put proposal at riskThe EU faces a hurdle in passing a plan to establish a new set of common rules for calculating the tax base of large companies

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20 February 2024

US: Tax declarations for offshore assets delayed

Taxpayers with assets in tax havens or with income from capital from national entities, subject to exemption rates, normally 28%, will only have to report this type of gains in the 2025 IRS declaration,

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19 February 2024

UK: HMRC investigations of wealthy ‘tax dodgers’ halve in five years

The number of civil investigation cases opened by a HM Revenue and Customs (HMRC) fraud unit investigating offshore, corporate and wealthy taxpayers has fallen by more than half in five years, figures

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19 February 2024

EU: EU adopts new verification requirements to combat greenwashing

The European Union (EU) has revealed new standards that are designed to combat greenwashing by adopting new rules aimed at ensuring the accuracy of environmental marketing claims made by companies.

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19 February 2024

ASIA: Asia’s family offices increase focus on digital assets amid growing market interest

According to a Feb. 19 article from Nikkei Asia, Zann Kwan, the managing partner and chief investment officer at Revo Digital Family Office, has highlighted a growing trend among family offices in crypto.

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