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There was an increase in local company incorporations in Hong Kong in 2016, although incorporations by foreign companies experienced a dip, according to the territory's Companies Registry. Read Full Story
The UK Government has launched a consultation on proposed new penalties for "enablers" of defeated tax avoidance schemes. Read Full Story
The European Parliament Conference of Presidents has unanimously backed a proposal for the creation of an inquiry committee to investigate the so-called Panama Papers. Read Full Story
The Jebel Ali Free Zone in the United Arab Emirates announced on May 3, 2015, that it registered 679 new companies in 2014, an increase of 17 percent against 2013 activity. Read Full Story
The customs framework for a soon-to-be-launched free zone, Dubai Design District (d3), has been agreed in a new memorandum of understanding between Dubai Customs and the Dubai Media Free Zone Authority. Read Full Story
The Government of the British Virgin Islands has announced a number of measures in the 2015 Budget to expand the territory's revenue base. Read Full Story
Nearly 1,500 individuals have disclosed more than AUD180m (USD157.8m) in previously unreported offshore income and over AUD1bn in assets since the Project DO IT amnesty was launched, the Australian Taxation Office has revealed. Read Full Story
Guernsey's 2015 budget includes proposals to double exempt company fees, freeze personal income tax allowances, and increase the property tax. Read Full Story
Guernsey has responded to the announcement in the Queen's speech that legislation will be tabled in the UK to create a central public register of beneficial ownership. Read Full Story
Guernsey's Chief Minister and the head of Guernsey Finance have responded to UK Prime Minister David Cameron's recent letter calling for the creation of a public registry of beneficial ownership of Guernsey companies. Read Full Story
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