Category: News

Australia Refuses to Sign UN Migration Pact, Citing Risks to Turnbacks and Detention

The Morrison government has confirmed it will not sign up to the United Nation’s migration pact, claiming it will undermine Australia’s harsh policies to deter asylum seekers despite Australia’s role in helping to draft it. The Refugee Council of Australia and advocates have strongly rejected the government’s claim, citing the fact the compact is non-binding […]

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Government Amends Conditions to Grant Nationality, Permanent Residency to Investors

The Cabinet on Monday amended conditions set in February this year to grant investors Jordanian nationality or residency, a Cabinet statement said.  The new rules entailed changes to several previous instructions, allowing, for example, investors who have been present in the country to apply and obtain the same privileges as new peers.  Investors are offered […]

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Draft EU Report calls for ‘Phasing Out’ of Citizenship by Investment Schemes

A draft report by MEPs calling for the ‘phasing out’ of Citizenship by Investment schemes has been presented to a EU Parliamentary Committee. The draft report prepared by Co-rapporteurs Jeppe Kofod and Luděk Niedermayer from the Financial Crimes, Tax Evasion and Tax Avoidance (TAX3) committee in the European Parliament was presented to the public today. […]

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NDP Recommits Support for CBI

The New Democratic Party (NDP) is undeterred in its plan to introduce a Citizenship By Investment (CBI) program for St Vincent and the Grenadines (SVG) should they form government. “No one has said that these programs are in any way illegal or illicit,” President of the NDP and Leader of the Opposition Dr Godwin Friday […]

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Nicosia Wants OECD to Remove Citizenship by Investment Scheme from Blacklist

Being on the list effectively paints Cyprus as country where wealthy individuals can go to avoid paying tax. Sources told the Cyprus News Agency (CNA) that the Ministry of Finance is preparing additional information about the programme’s citizenship and residency requirements, so the Cypriot programme is taken off the OECD’s blacklist. Cyprus and Malta are […]

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