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Australia, Banking, Information Exchange, Regulatory, Tax Information Exchange Agreement, Transparency Australia, Tax, Tax Planning

US: Enforced Bank Closure in Puerto Rico prompts Tax Investigations of foreign Accountholders

news.bloomberglaw.com/banking-law/puerto-rico-shutters-bank-tied-to-tax-evasion-money-launderingwww.irs.gov/pub/irs-utl/j5-media-release-7-1-2022.pdfwww.rsmuk.com/ideas-and-insights/deregulation-of-euro-pacific-bank-and-uk-tax-evasionwww.mishcon.com/news/hmrc-issues-warning-to-taxpayers-following-euro-pacific-bank-probewww.ato.gov.au/Media-centre/Media-releases/Global-tax-chiefs-stand-by-Puerto-Rico-s-financial-institution-regulator-as-bank-is-shut-down/pinpoint.cch.com.au/news/csh-da-filter!WKAP_TAL_YINTTNEWS_REFERENCE/legauUio3524485sl1358577654/j5-supports-puerto-rico-regulator-s-decision-to-shut-down-euro-pacific-international-bankwww.rpc.co.uk/perspectives/tax-take/hmrc-investigating-hundreds-of-uk-customers-of-puerto-rico-based-euro-pacific-bank/#page=1What happened at Euro Pacific Bank? – Stewarts (stewartslaw.com)dwfgroup.com/en/news-and-insights/insights/2022/10/hmrc-and-the-downfall-of-euro-pacific-bank 0
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Australia, Banking, Tax, UK, US Australia, Regulatory, Tax Australia, Regulatory, Trusts Australia, Banking, Regulatory Australia, Tax, Trusts

Australia: ATO issues Guidance on legal Professional Privilege Disputes

www.ato.gov.au/Media-centre/Media-releases/ATO-provides-certainty-on-Legal-Professional-Privilege-claims/www.ato.gov.au/Business/Business-bulletins-newsroom/Law,-rulings-and-policy/Final-legal-professional-privilege-protocol-and-compendium-released/www.ato.gov.au/law/view/pdf/adhoc-sgml/lpp-protocol-final.pdfiknow.cch.com.au/news/xatagnewsUio3521165sl1356411597/ato-protocol-on-legal-professional-privilegengm.com.au/legal-professional-privilege-ato-protocol/ See also:riskandcompliance.freshfields.com/post/102ieuh/mind-your-privilege-recent-developments-in-the-law-of-privilege 0
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Australia, Regulatory, Tax Australia, Tax, Tax Planning

Australia: Government clarifies Crypto Assets are not foreign Currency for Tax Purposes

bit.ly/3bXlpsd Update:www.kwm.com/au/en/insights/latest-thinking/crypto-assets-not-foreign-currency-for-tax-purposes.htmliknow.cch.com.au/news/xatagnewsUio3552026sl1379560348/draft-legislation-to-exclude-crypto-assets-from-being-foreign-currencyhallandwilcox.com.au/thinking/crypto-is-not-a-foreign-currency-for-income-tax-purposes-draft-legislation-released/treasury.gov.au/consultation/c2022-314572taxboard.gov.au/review/digital-assets-transactions-ausministers.treasury.gov.au/ministers/jim-chalmers-2022/media-releases/crypto-not-taxed-foreign-currencywww.kwm.com/au/en/insights/latest-thinking/Diverging-legal-recognition-of-crypto-assets-abroad.html 0
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Australia, Crypto Currencies, Regulatory