Search results for

During 2017 and the first quarter of 2018, various developments have taken place in Cyprus as regards double tax agreements (DTAs), with a number of new DTAs, protocols and amending protocols being signed and coming into force.

A thrilling year-end in the cryptocurrency space, where most virtual currencies raised their value in three digit percentages in a matter of months, is ushering in a new wave of investors looking for high-risk/high-return opportunities. This makes the issuance of guidance on the taxation of transactions executed with digital currencies a pressing matter.

On January 8 2018, the legislation setting the UK’s post-Brexit customs and VAT regimes passed its second reading in the House of Commons. The preliminary statute prepares the country to take full governorship of its customs and VAT regimes from 30 March 2019, when the UK is scheduled to depart the European Union (EU).

Whoever thought that today’s investor would be trading something called Bitcoin, a valuable item that neither resembles a metal coin or paper certificate? It’s amazing to think that a single line of code can be valued at $16,000 or more. How are these virtual currencies even regulated? For now, it seems there are more questions than answers regarding cryptocurrencies.

Baker McKenzie has elected five new partners, one counsel and three directors in its tax practices in Chicago, New York and Mexico City as part of its promotions in North America.

Independent advisory firm Dow Schofield Watts has launched a specialist tax resolution service called DSW Tax Resolution in response to the increasing number of businesses and individuals involved in tax investigations and disputes.

Ashurst has made Jeffrey Koppele and Sharon Kim partners at the US tax practice. This expands the New York tax practice to 21 lawyers, including five partners.

NAZALI Tax & Legal will officially adopt the brand Andersen Tax in January 2018. The Turkish firm has offices in Istanbul, Ankara, Izmir and Bursa.

David Infante

Judging by the speeches at the World Economic Forum in Davos, political and business leaders are concerned by the changing dynamics of international tax competition and there can be no doubt that the ‘race to the bottom’ is on.