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International Restructuring Newswire
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Global | Publication | January 2016
It could be argued that referring to Law No.3 of 2015 concerning the regulation of the real estate sector in the Emirate of Abu Dhabi (“Law No.3/2015”) as Abu Dhabi´s “new real estate law” is something of a misnomer as the law was issued back in June 2015. It provides parties who will be affected by such law with a grace period of at least 6 months from its publication in the Official Gazette (i.e. 30 December 2015 (the “Effective Date”)). However, given the wide-ranging effect of Law No.3/2015 and the fact that its practical impact on the Abu Dhabi real estate market will not be known until well after the Effective Date and the implementation of the recently-issued Executive Regulations, Law No.3/2015 will undoubtedly feel “new” for some time to come.
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Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Publication
The Canadian Federal Budget 2024 proposes to broaden the scope of certain powers allowing CRA to request information from taxpayers, and sets out new consequences for non-compliant taxpayers.
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The alternative minimum tax is an additional income tax imposed under the Income Tax Act on individuals and certain trusts who would otherwise be able to reduce their ordinary Canadian federal income tax through the use of certain deductions, exemptions or credits.
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