Sovereign Report – Issue 46
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Content Summary
- European News
- Cyprus passes tax reforms designed to attract foreign investment
- ESMA assesses six non-EU nations for AIFMD passport
- UK delays register of “people with significant control”
- Liechtenstein Disclosure Facility to be closed at year-end
- Gibraltar consults on introducing Private Foundations
- UK Treasury issues consultation on ending permanent non-dom status
- New EU Regulation on Successions brought into force
- Portugal resumes “Golden Visa” immigration programme
- Guernsey amends Companies Law
- USA & Caribbean News
- More banks strike deals under US Swiss Bank Programme
- US court dismisses legal challenge to block FATCA data exchange
- Cayman Companies (Amendment) Law 2015 comes into force
- US extends FATCA IGA information exchange deadline exchange deadline
- Far East News
- India’s offshore tax amnesty recovers just US$575 million
- China moves to simplify access to double tax treaties
- South Africa proposes amendment for tax information exchange
- Hong Kong proceeds toward automatic exchange of tax information
- Dubai issues decree to create new Free Zone Council
- India and Mauritius reach consensus on new tax treaty
- Legal News
- UK Supreme Court sets aside financial orders based on fraudulent dishonesty
- HMRC issues guidance on LLCs in wake of recent Anson decision
- ECJ rules on treatment of gifts from a foundation to foreign beneficiaries
- ECJ finds French dividend treatment to be an unjustified interference
- Jersey Royal Court considers ethics of “aggressive” tax avoidance
- Canadian Court dismisses challenge to US FATCA tax data exchange
- Fiscal News
- US signs IGA Competent Authority Arrangements with UK and Australia
- EC finds Fiat and Starbucks tax deals illegal under EU state aid rules
- OECD issues final BEPS reports
- OECD issues new compliance ratings on transparency
- Luxembourg announces tax amnesty for undisclosed assets
- UK proposes new “special measures” regime for tax avoiding companies
