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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


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