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The South African Revenue Services and the National Treasury on July 19 released for public comment draft legislation that would give effect to the tax proposals announced in the February Budget. Read Full Story
The Australian Government has moved to clarify the tax treatment of foreign investors, following concerns over the practical operation of the Investment Manager Regime and the new tax system for managed investment trusts. Read Full Story
Jersey is consulting on the introduction of a land development charge, to be called the Jersey Infrastructure Levy. Read Full Story
Fewer than 70 out of 11,645 New Zealand foreign trusts have reregistered following the introduction of tougher disclosure and eligibility requirements, with only three weeks left to go before the final deadline. Read Full Story
Abu Dhabi Global Market, the low-tax international financial center, is seeking feedback on its proposal to allow the formation of "foundations," a trust-like entity widely used in civil law jurisdictions. Read Full Story
Australian Treasurer Scott Morrison's 2017 Budget focused on measures to cool the housing market and crack down on tax avoidance. Read Full Story
The Australian Government has decided to extend a review into the taxation of stapled structures. It will not tackle the issue at the upcoming Budget. Read Full Story
The Australian Treasury has launched a consultation on the tax consequences of the re-characterization of trading income derived through the use of stapled structures. Read Full Story
New Zealand has published guidance on the increased disclosure requirements for foreign trusts with New Zealand-resident trustees. Read Full Story
The Australian Senate has passed legislation to introduce a diverted profits tax from July 1, 2017. Read Full Story
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