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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

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