09/02/2020
Further, some taxpayers closely control how their premiums are invested and may direct premium funds toward illiquid assets they currently own in an attempt to convert taxable income to tax-exempt income that is eventually passed on to their beneficiaries
09/01/2020
New tax incentives to attract ship owners and lessors to Hong Kong will both enhance the jurisdiction's status as a key shipping leasing centre for the Asia-Pacific region.
08/31/2020
Singapore— whose economy contracted by an alarming 42.9% in the second quarter of 2020
08/31/2020
Companies that netted their best-ever earnings during the coronavirus crisis should be subject to extra tax, finds one of Switzerland’s top economists.
08/31/2020
It also provides a certification scheme for NRLs so that rental income can be received without such deduction.
08/28/2020
In considering the VAT rate reduction, we envisage the reduction from 23% to 21% can potentially impact Special Purpose Vehicles and Funds from a cash flow perspective.
08/27/2020
The Irish Tonnage Tax Regime for Shipping Companies
Ireland is a highly attractive country for locating international shipping operations.
08/26/2020
Taxing non-residents on OITs of foreign companies is not new.
08/25/2020
Finance Minister Tito Mboweni noted in the emergency budget announced in June, that he expected debt to GDP to exceed 100% by 2024 and reach 114% by 2028.
08/24/2020
Smith hasn’t been charged, and prosecutors may conclude he owes no taxes on those assets.
08/24/2020
The object of the operation was to hide the money in the Credit Suisse accounts from the Belgian tax authorities – a practice that better international cooperation is making more and more difficult, though still not impossible.
08/21/2020
For Macao residents, double taxation will be avoided by way of exemption of the income taxed in Hong Kong from the Macao tax, or by crediting the Hong Kong tax paid against the Macao tax payable in respect of the same income.
08/19/2020
HMRC receives information automatically under the Common Reporting Standard about financial accounts held by UK residents in more than 100 jurisdictions.
08/18/2020
While Tinkov has been accused of tax fraud in the U.S., he’s been able to save millions legally in a European tax haven.
08/17/2020
The guidance on what does not constitute a disposal aims to provide a relief similar to that introduced by HMRC in the UK a few years ago in light of changes in fee charging structures that came about from the Retail Distribution Review.
08/17/2020
Activists argue current rules favour transparency over privacy
08/17/2020
California’s top rate today, at 13.3%, is already the highest in the nation.
08/17/2020
Failure to do so could result in a criminal investigation that would be costly to the public purse and the individuals involved.
08/14/2020
UK film and television is an international success story, employing over 125,000 full time earners.
08/13/2020
As wealth is being accumulated in a smaller percentage of the population, that might suggest the rich will have an even greater base from which to be taxed.