On 6 October 2020, the Fifth Money Laundering Directive ((EU) 2018/843) (MDL5)) was implemented to reinforce the United Kingdom’s money laundering regime. This had the effect of tremendously broadening the scope of the types...more
The Office of Tax Simplification (OTS) recently released a report on simplifying the design of UK inheritance tax (IHT). This article highlights areas where taxpayers might take advantage of existing opportunities to make...more
IN THIS ISSUE -
Alongside the usual challenges of rising and falling values inherent in any family-owned asset, cryptocurrency, which is kept in key-protected digital wallets, is prone to getting lost or disappearing with...more
4/30/2019
/ Arbitration Agreements ,
Beneficiaries ,
Biotechnology ,
CFIUS ,
China ,
Contractual Safeguards ,
Cryptocurrency ,
Estate Planning ,
Foreign Investment ,
Inheritance ,
Pharmaceutical Patents ,
Trustees ,
Trusts ,
Wealth Management
Implementation of the 6 April 2017 tax changes applicable to non-domiciled individuals, offshore trusts and UK residential property has been delayed because of the forthcoming UK General Election on 8 June 2017. Whilst it is...more
In Depth -
UK Withdrawal Process -
The United Kingdom will continue to be an EU member until procedures are completed for exiting the European Union, which is likely to be a long process. Under EU Treaty rules,...more
7/8/2016
/ Alternative Investment Fund Managers Directive (AIFMD) ,
BEPS ,
Counterparties ,
Energy Sector ,
EU ,
EU Passport ,
EU Single Market ,
European Commission ,
European Economic Area (EEA) ,
European Union Trade Mark (EUTM) ,
Financial Institutions ,
Force Majeure Clause ,
Free Trade Agreements ,
Global Marketplace ,
Intellectual Property Protection ,
Member State ,
Mergers ,
MiFID II ,
One-Stop Shop ,
Pharmaceutical Industry ,
Popular ,
Private Equity ,
Referendums ,
Renewable Energy ,
State Aid ,
Takeovers ,
UK ,
UK Brexit ,
UK Competition and Markets Authority (CMA) ,
Unitary Patent ,
Value-Added Tax (VAT) ,
Withholding Tax ,
WTO
The breadth of the articles contained in our Focus on Tax this issue demonstrates the perennial importance of this topic to global businesses and international high net worth individuals. We examine topics ranging from...more
12/14/2015
/ Anti-Bribery ,
China ,
Double Taxation ,
EU ,
EU Data Protection Laws ,
Foreign Investment ,
General Data Protection Regulation (GDPR) ,
Holding Companies ,
Hospitals ,
Institutional Investors ,
Italy ,
OECD ,
Patents ,
Trusts ,
UK ,
UK Competition Appeal Tribunal (CAT) ,
UK Consumer Rights Act
Following the United Kingdom’s General Election in May, George Osborne, Chancellor of the Exchequer, gave the new government’s first budget speech on 8 July 2015. In his speech, Mr Osborne announced some changes to the tax...more
This note outlines the new residential property tax charges following the publication of draft legislation on 11 December 2012 and, latterly, 31 January 2013 by the UK Government. Following both publications we now have...more