Read the latest report on our Virtual Magazine


Download a copy of Issue 49

Please note: The download listed above is in Adobe Acrobat PDF Format. In order to view the document, you must have Adobe Acrobat Reader installed on your system. If it is not installed, then please download it.

Content Summary

    1. European News

    • UK finalises tax reforms for non-UK domiciled individuals
    • Cyprus approves revised citizenship scheme
    • EC adopts Directive on access to beneficial ownership information
    • Swiss voters reject tax reform plan
    • Cyprus amends IP regime
    • Gibraltar Parliament approves Private Foundations Bill
    • Portugal introduces surcharge on high-value homes
    • UK opens Worldwide Disclosure Facility

    2. USA & Caribbean News

    • US Justice Department completes Swiss Bank Programme
    • Bahamas gazettes laws to amend trusts regime and enable CRS
    • Panama signs OECD multilateral tax information sharing convention
    • Canada to impose capital gains tax on foreign homebuyers
    • UK not to force OTs to make beneficial ownership registries open to public
    • US offshore voluntary compliance initiatives net US$10 billion

    3. Middle East and Asia

    • India agrees tax treaty Protocols with Mauritius, Cyprus and Singapore
    • China launches pilot scheme to unify working permits for foreigners
    • South Africa opens Special Voluntary Disclosure Programme
    • China imposes changes to Foreign Invested Enterprises (FIE) regime
    • UAE signs Multilateral Convention on Mutual Administrative Assistance
    • Hong Kong and Singapore begin signing AEOI agreements

    4. Legal News

    • EC publishes final negative decision in €13 billion Apple tax case
    • French Court rules against public access to Register of Trusts
    • English divorce courts cannot order sharing of overseas pension fund
    • Jersey Court ruling on beneficial ownership of Jersey companies
    • French Court acquits art dealer Wildenstein of tax fraud

    5. Fiscal News

    • G20 leaders endorse new international standard for tax transparency
    • OECD launches Automatic Exchange Portal for bilateral relationships
    • EU instigates screening process for tax haven ‘blacklist’
    • European Commission puts forward major corporate tax reform
    • Italy introduces ‘non-dom’ tax status for foreign residents
    • UK tax treaty with United Arab Emirates comes into force
    • EU introduces automatic exchange for cross-border tax rulings
    • Australia brings in Diverted Profits Tax for large multinationals
    • United Nations to incorporate BEPS changes into Model Tax Treaty
Contact the Author

Sovereign Report Issue 49


[real3dflipbook id=”4″]

Get in Touch

Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.