The ever changing nature of the world today, from the global demographic to the climate is creating a new wave of challenges. The development in health and science is leading to a higher life expectancy, which is producing a growing middle class eager to consume. This growth of consumers is pressuring the worlds natural resources. This is leading to a positive evolution of our sources of energy, however it is also leading to the rise of global warming and the severe damage to the planet.
An update on the domestic and international legislation surrounding tax on financial assets or incomeAutomatic international financial information exchange is under full steam now. The Common Reporting Standard (CRS of the OECD) and FATCA (of the US) are implemented by the financial system and fully operational. The competent (bank or tax) authorities of the countries in scope are receiving information and have put, or are putting, systems in place to check compliance with your tax declaration(s).