Aug 30, 2010
In order to bolster economy activity and government revenues Latvia has relaxed several of its immigration restrictions in an attempt to bring in greater levels of foreign capital and skilled employees into the country. In July 2010 the Latvian Government amended its immigration policies to make it easier for non-European Union investors to obtain legal [...]
In order to bolster economy activity and government revenues Latvia has relaxed several of its immigration restrictions in an attempt to bring in greater levels of foreign capital and skilled employees into the country.
In July 2010 the Latvian Government amended its immigration policies to make it easier for non-European Union investors to obtain legal residency within the country. Under the new rules, non-EU residents can be granted a five-year residency permit if they meet any of the pre-set conditions. Currently the options ... Read More
Aug 27, 2010
Mexico could soon implement heavy restrictions on the use of cash for large purchases, in an effort to hinder the nation’s overwhelming levels of money laundering. New laws have been proposed by Felipe Calderon, President of Mexico, to prohibit cash purchases of luxury goods valued in excess of MXN 100 000 (approx. USD 7 700) [...]
Mexico could soon implement heavy restrictions on the use of cash for large purchases, in an effort to hinder the nation’s overwhelming levels of money laundering.
New laws have been proposed by Felipe Calderon, President of Mexico, to prohibit cash purchases of luxury goods valued in excess of MXN 100 000 (approx. USD 7 700) within the country. The measure is aimed at hampering the use of illicit funds and money laundering through untraceable cash purchases. While announcing the proposal Felipe Calderon explained ... Read More
Aug 26, 2010
Indications have arisen that China could soon take steps towards introducing numerous changes to its taxation system, including reforms to Value Added Tax, Resource Taxes, Personal and Corporate Income Taxes, along with property taxes. The Chinese Government is giving consideration to changes in almost every aspect of the national tax system, in order to improve [...]
Indications have arisen that China could soon take steps towards introducing numerous changes to its taxation system, including reforms to Value Added Tax, Resource Taxes, Personal and Corporate Income Taxes, along with property taxes.
The Chinese Government is giving consideration to changes in almost every aspect of the national tax system, in order to improve the overall efficiency of the economy and revamp tax revenue streams. The intention was revealed in a statement by Xu Lin, director of the Department of Fiscal and ... Read More
Aug 25, 2010
Four UK citizens are facing money-laundering charges after allegedly using online music services to wrongfully receive over USD 300 000 in illicit royalties, with the support of eight individuals who are now charged with fraud. An investigation by the Metropolitan Police’s eCrime unit (PCeU), with international assistance from the FBI, has resulted in four UK [...]
Four UK citizens are facing money-laundering charges after allegedly using online music services to wrongfully receive over USD 300 000 in illicit royalties, with the support of eight individuals who are now charged with fraud.
An investigation by the Metropolitan Police's eCrime unit (PCeU), with international assistance from the FBI, has resulted in four UK nationals being reprimanded and charged with money laundering, while another eight are being accused of conspiracy to defraud. The group is alleged to have used US-formed companies to ... Read More
