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Canada: CRA provides Tax Relief for losses from fraudulent Investment Schemes

gowlingwlg.com/en/insights-resources/articles/2018/cra-provides-relief-for-losses/ goo.gl/b1VhXJ www.mnp.ca/en/posts/cra-guidance-on-fraudulent-investment-schemes See also: Paletta Estate – Federal Court of Appeal Overturns Tax Court on Source of Income Test www.canlii.org/en/ca/fca/doc/2022/2022fca86/2022fca86.html?autocompleteStr=2022%20fca%2086&autocompletePos=1 Minimizing tax losses: The TerraUSD and LUNA collapse | Miller Thomson LLP www.millerthomson.com/en/publications/communiques-and-updates/tax-notes/march-9-2023/minimizing-tax-losses-the-solana-hack/ 0
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Canada, Tax

US: Federal Judge rules Securities Laws may cover ICOs

buckleysandler.com/blog/2018-09-14/district-court-rules-us-securities-law-may-cover-initial-coin-offering-criminal-case www.blockchainandbanking.com/is-it-a-cryptocurrency-or-a-security#page=1 proskauer.com/blog/federal-judge-rules-securities-laws-may-cover-icos www.venable.com/judge-rules-icos-may-be-covered-by-securities-law-but-the-status-of-utility-tokens-remains-unclear-09-18-2018/ Recent SEC Comment Letter of Interest Regarding Whether a Digital Currency is a Security Under Section 2(a)(1) of the Securities Act See also: www.velaw.com/insights/the-sec-reaffirms-its-stance-most-tokens-are-securities/ 0
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Crypto Currencies, Regulatory, US Tax, Tax Reporting, US Information Exchange, Transparency, US

US: Regulators confirm Supervisory Guidance is not Law

www.venable.com/Regulators-Confirm-Supervisory-Guidance-Is-Not-Law-09-14-2018 buckleysandler.com/blog/2018-09-14/agencies-say-supervisory-guidance-does-not-have-%E2%80%9Cforce-and-effect%E2%80%9D-law goo.gl/qfRfuo m.crowell.com/NewsEvents/AlertsNewsletters/all/Financial-Regulators-Have-Gotten-the-Memo-The-Brand-Memo www.kramerlevin.com/en/perspectives-search/agencies-formally-confirm-lessened-consequences-for-non-compliance-with-leveraged-lending-guidance.html goo.gl/Zxaz68 news.cuna.org/articles/114830-supervisory-guidance-is-not-law-says-regulator-statement www.manatt.com/Insights/Newsletters/Financial-Services-Law/Federal-Banking-Regulators-Join-Forces-on-Supervis Click to access 180912-supervisory-guidance.pdf www.sullcrom.com/federal-depository-institution-regulators-and-fincen-issue-joint-statement-to-highlight-benefits-and-risks-of-bsa-collaborations www.fdic.gov/news/news/press/2018/pr18059.html bit.ly/3vBDuUi Update: www.findknowdo.com/news/02/12/2021/effective-date-set-banking-agencies-codification-supervisory-guidance www.vorys.com/publications-2905.html 0
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Regulatory, US

US: OCC notifies banks of 18 month on-site examination qualifications

buckleysandler.com/blog/2018-09-12/occ-notifies-banks-18-month-site-examination-qualifications#page=1 www.kilpatricktownsend.com/Insights/Alert/2018/9/OCC-Proposes-Regulations-That-Would-Allow-Certain-Federal-Savings-Associations-to-Operate-with-the-Powers-of-a-National-Bank www.occ.gov/news-issuances/bulletins/2018/bulletin-2018-27.html Click to access 2018-18685.pdf 0
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Regulatory, US

US: Taxation of citizens living abroad

www.bakertilly.ca/en/btc/publications/infographic-u.s.-taxes-for-american-citizens-living-abroad?utm united-kingdom.taylorwessing.com/en/insights/taxing-americans-abroad Does Getting a Foreign Passport & Living Abroad Impact U.S. Tax? bit.ly/3dZ6z2g bit.ly/3BpMs8U See also: www.withersworldwide.com/en-gb/what-do-you-mean-my-children-are-us-citizens bit.ly/3IUiooM 0
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Citizenship, Tax, US

US: FinCEN provides more exemptions from company beneficial ownership reporting

buckleysandler.com/blog/2018-09-11/fincen-grants-permanent-relief-beneficial-ownership-rule-cds-and-certain-automatic-renewal-products www.crowell.com/NewsEvents/AlertsNewsletters/all/FinCEN-Grants-Rollover-and-Renewal-Exception-to-Beneficial-Ownership-Requirement Update: www.regulatoryandcompliance.com/2023/12/cta-the-large-operating-company-exemption-not-everybody-can-be-a-big-boi/#page=1 www.regulatoryandcompliance.com/2024/01/cta-fincen-clarifies-ownership-interests-must-be-entirely-controlled-or-wholly-owned-to-qualify-for-the-subsidiary-exemption/ Click to access BOI_FAQs_QA_01.12.2024.pdf www.dlapiper.com/en-us/insights/publications/2023/12/the-corporate-transparency-act-takes-effect-january-1 www.hklaw.com/en/services/practices/corporate-transactions-and-finance/corporate-transparency-act btlaw.com/en/insights/alerts/2024/new-corporate-transparency-act-and-the-tax-exempt-entity-exception 0
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Information Exchange, Ownership, Transparency, US Canada, Residency Information Exchange, Transparency, US