Global Tax Law

Lawyers and bankers in Switzerland are warning of a UK-style exodus of the wealthy ahead of a referendum on a 50% inheritance …

The UK non-dom regime had been a distinctive characteristic of the UK tax system for decades, enabling (HNW-, UNW-) individuals whose place of domicile was outside the UK to make an annual claim to be taxed on the remittance basis. The remittance basis of taxation provided that persons would be taxed on their UK-source income and gains, but only on their non-UK-source income and gains to the extent they were actually remitted. This regime has been abolished now.

Introduction: The Government of Cyprus has recently proposed a series of tax amendments aimed at reducing the tax burden on households and businesses, …