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Feature
- Wegbreit: A cautionary tale for trustees, lawyers and wealth owners
Case Summaries
France
- Management share schemes: Details on the requalification of capital gains as wages
Hong Kong
- Wong, Choy and the capacity checklist
United States
- In Flume, the taxpayer's inconsistent and disingenuous testimony leads to willful FBAR penalty
- IRS concedes position on creditability of French social charges
- North Carolina unable to tax a trust's income based solely on the residency of in-state beneficiaries
Legislative Developments
Italy
- Amendments to special tax regimes for incoming residents
Mexico
- Anti-money laundering regularization program
Netherlands
- Netherlands government publishes legislative proposal implementing EU rules on mandatory disclosure of 'potentially aggressive' cross-border tax arrangements (DAC6 Directive)
- Relaxation of Dutch visa and wage tax rules for start-ups
Russia
- Third round of the Russian voluntary disclosure program
- Liberalization of currency control regulations
Spain
- Ever closer to entry into force of Protocol amending the Treaty between Spain and the United States to avoid international double taxation
- Spanish General Directorate of Taxes extends the application of the Autonomous Communities legislation re: Inheritance and Gift Taxes to individuals residing in non-EU/EEA countries
Taiwan
- Update on new Tax Code in Taiwan to encourage funds repatriation
Turkey
- Turkey's new asset peace initiative
United States
- IRS begins notifying owners of cryptocurrency of potential failures to report income and pay taxes
- IRS releases proposed regulations for foreign partner effectively connected income and withholding
- IRS and State Department set to issue passport revocation notices (Letter 6152)
Venezuela
- Venezuelan National Constituent Assembly approves a new tax of 0.25% on high net worth
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