In Focus
  • Hong Kong’s Foreign Income Tax Reform
    Due to pressure from the European Union, the Hong Kong government is proposing to change the offshore tax regime for the taxation of foreign dividends, interest income, royalty income and gains on the sale of shares or similar interests. 
  • The Lummis-Gillibrand Responsible Financial Innovation Act: What to Know
    On June 7, 2022, US Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced S. 4356 - the Responsible Financial Innovation Act (RFIA), which aims to establish a US regulatory regime for digital assets. The much-anticipated bill seeks to resolve the long-standing uncertainty about the jurisdiction of financial regulators over digital assets, clarify the taxation of digital assets and decentralized autonomous organizations, and establish disclosures and consumer protection obligations on issuers and service providers of digital assets. This Legal Update notes why the RFIA matters, six key aspects of it, and regulators’ reactions to it.
  • UK Government sets out its plans for UK data protection reform
    The UK Government has published its response to the consultation on its proposed reform of the UK's data protection regime.
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