Changes to the taxation of UK property for Middle Eastern investors
The UK Government on 6 July published its draft Finance Bill provisions confirming that a significant change to the property…
Tax
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King ratifies Bahrain-Egypt tax accord
His Majesty King Hamad yesterday issued a law ratifying an agreement between Bahrain and Egypt on avoiding double tax and…
KPMG was a key witness as investment firm Abraaj unraveled
The unraveling of Abraaj Group, a once-high flying champion of emerging markets investing, is drawing attention to the role played…
Kuwait’s cabinet resists pressure to tax expats’ remittances
The Kuwaiti government has rejected parliamentary demands to impose fees on expatriates’ remittances arguing that the move would harm the…
Landmark tax agreement to strengthen tax treaties enters into force with additional countries joining
Ministers and senior officials from Kazakhstan, Peru and the United Arab Emirates have signed the BEPS Multilateral Convention bringing the…
EY appoints Wasim Khan to lead MENA Advisory business
EY has announced the appointment of Wasim Khan as Advisory Services Leader across the Middle East & North Africa (MENA)…
Abu Dhabi tax increase set to hit 2.3m expats
The introduction of a new tax hike in Abu Dhabi’s could see more than 2.3 million expats receiving significantly higher…
Growing Islamic finance firms lobby Britain for tax relief
Firms involved in Islamic finance are lobbying the British government for tax reforms, arguing that the treatment of some sharia-compliant…
Current themes in private wealth structuring
At Ogier we continue to see Jersey trust companies winning substantive mandates for new private wealth structures. Plainly this…
Abraaj audit finds funds mingled corporate and investor cash
Abraaj dipped into investor funds because of cash shortages at the group, but there is no evidence of embezzlement, a…
Bahrain should consider corporate income tax: IMF
Bahrain should consider implementing corporate income tax to shore up its finances as rising interest rates hinder its ability to…
Cayman’s longest court case: A ‘cauldron of fraud’
The longest and most expensive trial in Cayman Islands history concluded Thursday, as Chief Justice Anthony Smellie handed down an…