The new U.S. Corporate Transparency Act and its impact on businesses
In an effort to combat money laundering, terrorism financing, and corrupt business practices, the federal government of the United States of America has enacted the Corporate Transparency Act (CTA). This regulation, issued by the Financial Crimes Enforcement Network (FinCEN), aims to enhance visibility into business ownership, a significant change that will affect numerous companies operating […]
Portugal ends tax breaks for foreigners
Portuguese Prime Minister António Costa’s unexpected announcement of the elimination of aggressive tax benefits for non-regular residents in Portugal has reignited the debate over special regimes in several countries. Spain, in particular, has its own regime, colloquially known as the “Beckham law”, which benefits around 10,000 people every year, at a tax cost of over […]