Cryptocurrencies - Are You Preparing?
Bill Miller, CIO, EMS USA, Inc.
Cryptocurrencies, digital currencies that are based on cryptography, are becoming a pivotal focus area for capital markets in 2016. As these new currencies become more widely accepted, the potential for massively disruptive technological change is clearly looming.
Some analysts estimate that there are over 700 new cryptocurrencies already circulating, though many are admittedly in their infancy, and most will never be widely used. That said, the biggest of them, Bitcoin, has already surpassed over $6Billion in market capitalization, and is growing rapidly. Other options include Ethereum and Litecoin, both of which are already over $100Million. Ripple is yet another story, which includes a payment exchange as well as its own cryptocurrency.
Uganda commits to start automatic exchange of financial account information by 2023
Exchange of information
17/02/2021 – Uganda has committed to implement the international Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) by 2023. The commitment made by the Minister of Finance, Planning and Economic Development, the honorable Matia Kasaija, makes Uganda the 116
Maria José Garde, Chair of the Global Forum, said “I am delighted to welcome Uganda’s commitment to the AEOI Standard. As for the 115 other committed jurisdictions, the Global Forum will monitor Uganda’s progress in delivering its commitment to start exchanging automatically by September 2023 and updates will be provided to our members and the G20. The Global Forum Secretariat will assist Uganda in implementing the Standard and in addressing any challenges that may arise”.
Tax strategy can help private equity firms unlock long-term value accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.
~~ Bookmark is a
JAPAN Forward feature that gives you long reads for the weekend. Each edition introduces one overarching thought that branches off to a wide variety of themes. Our hope is for readers to find new depths and perspectives to explore and enjoy.
On January 21 the Tokyo District Court issued the first decision on a lawsuit brought by six individuals who had lost their Japanese citizenship and two who feared they would. They are challenging as unconstitutional a provision in the Japanese Nationality Law that says, “A Japanese national will lose Japanese citizenship when the individual obtains a foreign citizenship on his or her own will.”