Panama commits to CRS, will be removed from EU blacklist The EU has proposed that Panama be one of several jurisdictions to be removed from its blacklist of tax havens, as the country signs the OECD’s Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA). On Monday January 15, 2018, Panama became the ninety-eighth jurisdiction...Read More

Argentina passes comprehensive tax reform bill Argentina’s five-year tax reform plan aims to reduce the tax burden to stimulate economic growth. Argentina’s package of tax reforms aims to attract investors and increase the economy’s competitiveness, while reducing inequality in the tax burden and avoiding a drop in tax revenues. The reform bill, which was approved...Read More

Malta’s transposition of the Fourth EU Anti-Money Laundering Directive will make the fight against money laundering and terrorism financing more effective Malta has enacted legislation to fully transpose the Fourth Anti-Money Laundering Directive. This directive has been transposed into Maltese law by virtue of amendments to the Prevention of Money Laundering Act, the enactment of...Read More

AUTUMN BUDGET 2017 – A QUICK SUMMARY On the 22 November 2017 the Chancellor of the Exchequer, the Rt Hon Philip Hammond MP,  delivered his second major Budget within the space of a year. The autumn budget commenced with key facts including a near record high for employment within the UK. The chancellor also discussed...Read More

Trusts Registration Service registration deadline for new trusts extended The deadline for new trusts to register is now 5 January 2018. Following feedback from agents and stakeholders we are pleased to announce the Trust Registration Service (TRS) deadline for new trusts has been extended further from 5 October 2017 to 5 January 2018. Trusts which have...Read More