Tax & Regulation
North America | 20 Jan 16
Canada signs double tax agreement with Taiwan
A double taxation agreement (DTA) has been signed by Canada and Taiwan, limiting the withholding tax rate for dividends, interest, and royalties.
One year Mifid II delay might not be enough, says Esma chief
Delaying the implementation of Mifid II until January 2018 still might not give enough time for the European Securities and Markets Authority (Esma), national regulators, and market participants to make the necessary IT changes, says Esma chair Steven Maijoor.
ESMA called on to complete non-EU AIFMD passport reviews
The European Securities and Markets Authority has come under pressure to complete its assessment on whether nine countries, including the US, Singapore and Hong Kong, should get access to the marketing ‘passport’ under the Alternative Investment Fund Managers Directive (AIFMD).
Structured Products | 19 Jan 16
Cayman copies US tax haven’s limited liability law
Cayman Islands has introduced limited liability company (LLC) legislation that combines the key features of a company and a partnership, intended to increase the structuring options for US investment funds.
Latin America | 19 Jan 16
Brazil offshore tax amnesty signed into law
Residents of Brazil with undeclared offshore assets can now voluntarily declare and regularise their tax affairs without facing criminal prosecution and only face a one-off charge and penalty.