Articles Directory


Virtual banking and blockchain development

On 27 May 1997 Nationwide Building Society launched the first internet-banking service in the UK. After more than twenty years, nowadays, we only need a smartphone and internet access in order to easily transfer even a large amount of money from one country to another, pay for[...]
Date: 15 Jan 2019

New Offshore Economic Substance Laws

Amidst the Brexit hullabaloo and Mr Trump’s usual inciting tweets, one would be excused not to pay much heed to the announcement of the new offshore economic substance requirements at the end of 2018. Yet the legislation passed in the Crown Dependencies — Jersey, Guernsey and[...]
Date: 08 Jan 2019

The IBSA 2018 Conference Summary

The following is a summary of the CosiPod IBSA annual conference, held at the Berkeley Hotel, Knightsbridge on 1st November 2018. It was a spectacular success, thanks to our expert speakers and delegate contributions, making this a truly memorable event. [...]
Date: 15 Nov 2018
Jurisdiction: Global

Response to The Treasury Select Committee Report on Regulation of Crypto-Assets

Baker Botts, L.L.P., a leading international law firm has co-authored a paper, along with a group of leading business figures, in response to the parliamentary report published by the UK Treasury Select Committee on 19 September 2018. The report advocates that the[...]
Date: 03 Nov 2018
Subjects: Crypto currency

How October’s drastic Budget changes to Principal Private Residence Relief (PPR) will impact separating couples

The October 2018 budget has brought with it a significant proposed change to the principal private residence relief (‘PPR’) available to homeowners on the disposal of a property. [...]
Date: 03 Nov 2018

Do the UAE Visa changes really help divorcees?

When I read the news that UAE visa rules for divorcees were changing as from Sunday, 21 October 2018 I was tentatively and cautiously hopeful. With around an estimated 7.5 million expatriates residing in the UAE and divorce rates quite high within those communities this news[...]
Date: 29 Oct 2018
Jurisdiction: United Arab Emirates

Taxation of Gifts Under UK Law

Taxation of gifts under UK law is complicated and rather counterintuitive. It throws many surprises at the parties participating in a gift arrangement, particularly, since it’s the person making a gift as opposed to the one receiving it, who may be liable for tax. This article[...]
Date: 29 Oct 2018
Jurisdiction: United Kingdom

Substance and the MLI

Lehman Brothers collapsed on 15 September 2008, and since that time there has been an unprecedented interest in protecting government budgets, with tax avoidance being as high on the agenda as bank capital adequacy. This may have heralded the start of the OECD project called[...]
Date: 27 Sep 2018

BREXIT – The End Result!

This article is my assessment of the reality of Brexit and the likely deal that will emanate from ridiculously long and protracted negotiations, the issues of which have mystified the public in the UK and the EU. [...]
Date: 08 Sep 2018
Subjects: Brexit

US Citizenship Renunciations and its Tax Consequences

Despite the highest in the world, $2,350 citizenship renunciation fee and possible tax consequences, every year around 7,000 US citizens decide to renounce their citizenship. This amount is steadily increasing every year since 2010, when Foreign Account Tax Compliance Act[...]
Date: 28 Aug 2018
Jurisdiction: United States of America
Subjects: TaxUS Regulations