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.

12 February 2024

RUSSIA: EU Commissioner Calls For Taxing Firms That Refuse To Leave Russia

European Commissioner Virginjus Sinkevicius has proposed raising more money for Ukraine by imposing a special tax on Western firms that refuse to cut ties with Russia. “We still have companies that

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12 February 2024

ASIA: Kuwait and UAE Sign Landmark Agreement to Prevent Double Taxation and Tax Evasion

In a significant move towards strengthening financial ties, Kuwait and the UAE have signed an agreement to prevent double taxation and tax evasion. The pact, signed at the 8th Arab Public Finance Forum

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9 February 2024

CAYMAN ISLANDS: EU takes Cayman Islands off AML list

The Ministry of Financial Services in the Cayman Islands has announced that as of 7 February, the EU has officially removed the Cayman Islands from its list of high-risk third countries with anti-money

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9 February 2024

US: SEC Imposes New Rules to Increase Oversight of Hedge Funds

The SEC’s decision to impose new rules that require private funds to register as dealers reflects the agency’s commitment to increasing oversight and ensuring market integrity. The Securities

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9 February 2024

AFRICA: Nigeria plans new tax amnesty scheme for the wealthy

Nigeria will go after wealthy citizens evading tax yet again in a new amnesty scheme that will correct the failings of the Voluntary Assets and Income Declaration Scheme (VAIDS). “There’s a plan

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9 February 2024

UK: HMRC Intensifies Inheritance Tax Investigations Amidst Frozen Threshold Debate

HMRC has intensified investigations into inheritance tax evasion, launching 2,029 inquiries between April and November 2023. The frozen inheritance tax threshold and rising property prices have led

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9 February 2024

AFRICA: Kenyan Banks Disclose Foreign Account Holders’ Information to KRA in Bid for Tax Transparency

In a move towards fiscal transparency, Kenyan banks disclose foreign account holders’ information to the KRA under the Common Reporting Standards (CRS). The initiative aims to curb illicit wealth

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8 February 2024

GREEN FINANCE: Developing nations need $6 trillion by 2030 in climate finance

The president of the next annual UN climate conference, Mukhtar Babayev, stated on Wednesday that developing nations need nearly $6 trillion by 2030 to combat and adjust to climate change. The Azerbaijani

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8 February 2024

UAE: UAE wealth fund said to plan $4-5 bn investments via India’s new finance hub

Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5 billion fund to invest in India through a tax-neutral finance hub in

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8 February 2024

US: Treasury rolls out residential real estate transparency rules to combat money laundering

The Biden administration wants to make residential real estate transactions more transparent by unmasking the owners of certain all-cash purchases. It’s part of an ongoing effort to combat money

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