On Wednesday, the European Commission the European Commission proposed adding the evasion of EU sanctions measures to the list of crimes recognised in the European Union. The Commission also proposed new reinforced rules on the recovery and confiscation of frozen assets, which will also contribute to the overall implementation of EU’s restrictive measures framework. The Commission’s proposals come in the context of the ‘Freeze and Seize’ Task Force, set up by the European Commission in March to accelerate and enforce its measures...

Read more

Global Tax Implications of the Engel List Part one of a two-part series on the Engel List Governments across Central America have mounted a serious effort to battle corruption, promote financial transparency and increase tax transparency, and the Biden administration has announced that it will join the fight. That fight comes via a recent U.S. call to action to promote economic opportunity in the region. A key part of the U.S. call to action in Central America is publicly sanctioning corrupt actors...

Read more

The European long-term investment fund regulation (the ELTIF Regulation) was introduced in 2015. The aim of the ELTIF framework was to increase European long-term investments in the real economy. This includes infrastructure projects, real estate and listed and unlisted SMEs, which may require long-term capital investment. ELTIFs also have the potential to address financing required for environmental sustainability. The ELTIF provides an opportunity for investors looking for private equity investments with a lower risk profile than pure private equity...

Read more

On May 24, 2022, U.S. Citizenship and Immigration Services (USCIS) announced it is implementing premium processing for certain petitioners who have a pending Form I-140 Immigrant Petition for Alien Worker under the EB-1 and EB-2 classifications. This expansion of premium processing only applies to certain previously-filed I-140 petitions under the E13 multinational executive and manager classification or E21 classification as a member of professions with an advanced degree or exceptional ability seeking a national interest waiver (NIW). Any petitioner who wishes to request a...

Read more

We continue to monitor the U.S.-Russia tax treaty withdrawal along with economic and  trade sanctions. It’s a constantly developing situation that profoundly affects global business and cross-border tax collection. Following is an update to IWTA founder Jack Brister’s  article published in JD Supra on March 18, 2022. New Developments The Biden administration is poised to fully block Russia’s ability to pay U.S. bondholders. A temporary exemption deadline that gave Moscow leeway to pay coupons in dollars expires on May 25, 2022....

Read more