Malta to regulate Blockchain
Malta's Parliament is considering three bills that would regulate the use of distributed ledger technology (blockchain) by regulated entities.
Nearly 100,000 properties in England and Wales owned by foreign entities
Some 97,000 properties in England and Wales were held by overseas firms as of January 2018, a quarter of them owned by entities registered in the British Virgin Islands (BVI), according to Land Registry data.
UK Government launches inheritance tax review
The Chancellor has asked for a review of inheritance tax (IHT) in the UK. Mr Hammond wants to know if the system is still fit for purpose and whether there are any possible simplifications.
Online company formation launched
Westmoore Company Store is now launched and you can incorporate in 6 key jurisdictions straight from your desktop. Incorporation takes from 1 hr and read-made companies are always in stock and available for immediate delivery
Register of foreign property-owners
It is reported that the British government will introduce draft legislation this summer to force foreign companies to disclose their beneficial ownership if they own, or wish to buy, real property in the UK.
Passport revocation for unpaid taxes
The Internal Revenue Service (IRS) has formally announced its intent to start enforcing its passport revocation powers against US persons who owe more than USD51,000 in taxes and penalties.
Apple brings home billions
The US computer giant Apple has announced plans to repatriate a significant fraction of its retained overseas earnings