News

Wealth Report 2016

The term wealth is defined as the value of financial assets plus real estate (housing) owned by the households, less their debts.

France: Senate Rejects ‘Fake News Ban’ Bills

(Sept. 24, 2018) On July 26, 2018, the French Senate rejected two controversial bills aimed at “fighting fake news.” (Press Release, Sénat [Senate], Lutte contre la manipulation de l’information [Fight Against the Manipulation of Information] (July 26, 2018).) Background First announced by President Emmanuel Macron last January and adopted by the Assemblée Nationale (National Assembly) […]

China: Individual Income Tax Law Revised

(Sept. 24, 2018) On August 31, 2018, the Standing Committee of the National People’s Congress (NPC) of the People’s Republic of China (PRC or China) revised the PRC Individual Income Tax Law (IIT Law). Taking effect on January 1, 2019, the new IIT Law brings significant changes to China’s individual income tax regime. (Zhonghua Renmin […]

Brazil: Federal Supreme Court Decides Homeschooling Not Allowed in Brazil

(Sept. 24, 2018) On September 12, 2018, the Brazilian Federal Supreme Court (Supremo Tribunal Federal, STF) denied an appeal requesting that homeschooling be considered a legitimate means for a family to fulfill its duty to provide education. (STF, Recurso Extraordinário (RE) 888815, STF website; STF Nega Recurso que Pedia Reconhecimento de Direito a Ensino Domiciliar, NOTÍCIAS […]

China: Supreme Court Issues Rules on Internet Courts, Allowing for Blockchain Evidence

(Sept. 21, 2018) On September 3, 2018, China’s Supreme People’s Court (SPC) issued a judicial interpretation on the hearing of cases by the country’s newly created internet courts. Taking effect on September 7, 2018, the SPC Provisions on the Hearing of Cases by Internet Courts (SPC Interpretation) allows evidence stored and verified on blockchain platforms […]

Australia: Legislation Imposing Penalties for Publishing Intimate Images Without Consent Comes into Force

(Sept. 21, 2018) On September 1, 2018, the Enhancing Online Safety (Non-consensual Sharing of Intimate Images) Act 2018 (Cth) came into force in Australia. (Enhancing Online Safety (Non-consensual Sharing of Intimate Images Act 2018 (Cth) s 2, Federal Register of Legislation website.) The Act amends the Enhancing Online Safety Act 2015 (Cth) and the Criminal Code Act 1995 […]

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