Financing, Regulatory, US Corporate Law, Guernsey

UK: Financial Services Act 2021 receives Royal Assent

blog.burges-salmon.com/post/102gx9u/the-uks-financial-services-act-2021-receives-royal-assentwww.womblebonddickinson.com/uk/insights/articles-and-briefings/financial-services-act-key-changes-royal-assentwww.mofo.com/resources/insights/210507-uk-financial-services-act-2021.htmlwww.downthewireblog.com/2021/05/financial-services-act-2021-changes-ahead/#page=1sites-herbertsmithfreehills.vuturevx.com/20/24346/landing-pages/financial-services-act-2021-briefing.pdf 0
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Banking, UK China, Regulatory, US

India: First Tax Ruling on Interpretation of MFN Clause in Netherlands tax treaty permits benefit of 5% Tax on Dividends

www.khaitanco.com/thought-leaderships/First-Indian-tax-ruling-on-beneficial-interpretation-of-MFN-clause-in-India-Netherlands-tax-treaty-Allows-benefit-of-5-percent-tax-on-dividendsglobaltaxnews.ey.com/news/2021-5505-indian-court-rules-on-applicability-of-most-favored-nation-clause-for-determining-withholding-tax-rate-on-dividend-paymentswww.khaitanco.com/thought-leaderships/India-tax-administration-clarifies-its-strict-interpretation-of-the-Most-Favoured-Nation-clause-in-tax-treatieswww.khaitanco.com/thought-leaderships/Most_Favored_Nation_Clause_in_Tax_Treaties_not_Automatically_Favorable See also:www.lakshmisri.com/insights/articles/benefit-of-most-favoured-nation-clause-for-dividend-income-of-non-resident-interesting-battle-to-watch-out-for-before-apex-court/SC Ruling on MFN Clause in Tax Treaty: A conundrum for the tax deductors in India? | Lakshmikumaran & Sridharan Attorneys (lakshmisri.com) 0
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Double Tax Treaty, India, Netherlands, Tax

UK: The FCA imposes a new Fine for Anti-Money Laundering failings

blog.macfarlanes.com/post/102gxhy/not-so-wise-the-fca-imposes-a-new-fine-for-anti-money-laundering-failingswww.5sah.co.uk/knowledge-hub/articles/2021-05-11/fca-fines-sapien-over-aml-lapses-suggesting-a-back-door-into-cum-ex-probes-david-stern-comments-for-regulatory-intelligencebrodies.com/insights/corporate-crime-and-investigations/first-fca-fine-for-financial-crime-control-failings-in-relation-to-cum-ex-trading/See also:www.hickmanandrose.co.uk/the-fcas-criminal-and-civil-powers-to-combat-money-laundering/ 0
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Money Laundring, Regulatory, UK Crypto Currencies, Regulatory, US Israel, Real Estate, Tax

UK: Danish ‘Cum-Ex’ case dismissed in its entirety

hardwicke.co.uk/commercial-court-dismisses-in-its-entirety-the-danish-governments-claims-in-skatteforvaltningen-the-danish-customs-and-tax-administration-v-solo-capital-partners-llp-in-special-administrat/www.bailii.org/ew/cases/EWHC/Comm/2021/974.htmlwww.lawgazette.co.uk/news/huge-danish-tax-case-falls-at-first-london-hurdle-/5108292.articlewww.reedsmith.com/en/perspectives/2021/04/landmark-ruling-dismisses-major-cumex-claimhsfnotes.com/tid/2021/05/06/danish-wht-fraud-claim-dismissed/#page=1www.charlesrussellspeechlys.com/en/news-and-insights/insights/litigation–dispute-resolution/2021/danish-tax-authority-loses-cum-ex-case-revenue-rule-reigns-supreme/ See also:www.5sah.co.uk/knowledge-hub/videos-and-podcasts/2021-05-10/watch-uncovering-and-mitigating-complex-financial-schemes-post-cumex#page=1www.rahmanravelli.co.uk/news/cum-ex-analysed-comprehensively-in-new-rahman-ravelli-guide/www.5sah.co.uk/knowledge-hub/articles/2024-02-13/dividend-trading-schemes-and-implications-of-solo-capital-founders-extradition-to-denmark Update:www.rpc.co.uk/perspectives/commercial-disputes/court-of-appeal-draws-distinction-between-claims-for-recovery-of-tax/#page=1Danish tax authority wins “cum-ex” tax fraud case at the Supreme Court, Hugh Gunson (charlesrussellspeechlys.com)blog.macfarlanes.com/post/102isly/supreme-court-allows-danish-tax-authority-to-litigate-in-english-courtsBehind the Schemes: ‘Cum-Ex’ Fraud and International Principles (capitallaw.co.uk)www.charlesrussellspeechlys.com/en/insights/expert-insights/dispute-resolution/2023/qa-supreme-court-finds-for-danish-tax-authority/www.europeantax.blog/post/102iyag/a-dicey-decision-or-not-really-a-tax-case-at-all#page=1 0
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Denmark, Tax, Tax Planning, UK Banking, Regulatory, UK, US