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NEW US TAX REFORM IN JULY 2025

Tax Changes Ahead: Summary of Key Changes for Individuals and Businesses The new tax reform promoted by Donald Trump brings with it key changes that will impact both individual taxpayers and businesses. Below, we detail the main points of the proposal, which includes tax reductions, enhanced deductions, and new phase-out thresholds. CHANGES FOR INDIVIDUALS 1.

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THE EUROPEAN UNION ADOPTS THE 17TH PACKAGE OF SANCTIONS AGAINST RUSSIA IN RESPONSE TO ITS AGGRESSION AGAINST UKRAINE

On May 20, the Council of the European Union adopted the seventeenth package of sanctions targeting Russia in response to its continued military aggression against Ukraine. Russian “Ghost Fleet”: The EU has blacklisted 189 additional ships from third countries that have been supporting the so-called Russian “Ghost Fleet,” used to illicitly transport crude oil and

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CHINA APPROVES NEW LEGISLATION TO BOOST THE PRIVATE SECTOR

The Private Economy Promotion Law of the People’s Republic of China, adopted by the Standing Committee of the National People’s Congress on April 30, 2025, officially entered into force on May 20, generating significant expectations in the business and economic spheres. This legislation marks a milestone by explicitly recognizing legal and competitive equality between private

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TANZANIA REFORMS ITS LABOR LAWS TO ADAPT TO NEW SOCIAL AND ECONOMIC REALITIES

The President of the United Republic of Tanzania has signed a series of significant reforms to its labor laws, introducing important changes in recruitment, labor licensing, work permits, and legal procedures. The changes affect the Employment and Industrial Relations Act (Cap. 366), the Labor Institutions Act (Cap. 300), and the Employment of Non-Citizens Regulation Act

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2025 GLOBAL ART MARKET REPORT ISSUED BY ASESORARTE

At Feliu N&I, we want to share with our community the recent publication of the 2025 Global Art Market Report, prepared by the AsesorArte team. This is a reference document that consolidates the main international analyses on the evolution and outlook of the sector, based on renowned sources such as UBS, Deloitte, Art Basel, Artprice,

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