A growing appreciation of family-oriented leisure pastimes and rapidly increasing prosperity are driving demand for vessels from dinghies to yachts. Nelson Ching | Bloomberg | Getty Images Beijing is moving to clarify new tax rules on offshore trusts that have sowed confusion among wealthy Chinese citizens and their advisers. China’s State Taxation Administration is conducting…
South Africa’s internet industry has pushed back against a government agency’s plan to have illegal offshore gambling sites blocked, warning that website blocking is technically leaky, prone to collateral damage and constitutionally fraught unless it is anchored in law and ordered by a court. The Internet Service Providers’ Association (Ispa) set out its objections in…
South Africa’s offshore allowance South Africa limit is set to double for the first time in over a decade, marking a significant shift in exchange control policy. The amount South Africans can send offshore without SARS clearance hasn’t budged since 2011. That’s about to change. On 25 February, Finance Minister Enoch Godongwana announced that the Single…
Licensed South African bookmakers have called on banks and payment providers to block transactions to “illegal” offshore gambling platforms, which they claim now account for nearly two-thirds of all online betting activity in the country. The South African Bookmakers Association (Saba) has said in a new report it commissioned from global gaming research firm YieldSec…
Dominion Energy’s wind turbines located 27 miles off of Virginia Beach in the Atlantic Ocean on July 17, 2023. Kendall Warner | Virginian Pilot | Getty Images The Trump administration on Monday halted Coastal Virginia Offshore Wind, the largest project of its kind in the U.S., as well as four other projects off the East…
