09/09
| by Kitty Miv,
Editor - I must be very stupid, because
I can't understand why the powers-that-be in Europe
keep banging on about a
financial transactions tax. I can understand
why individual countries or even all countries
might impose levies of various types on their
banks, even if I don't agree with it, but where
I run up against an intellectual brick wall is
in trying to fathom why a region of the world
which is already challenged by all kinds of uncompetitive
regulation should want to hobble itself even further
by putting its entire financial sector at a systematic
disadvantage vis-a-vis the rest of the world.
Continued, below
|
 |
Sarkozy Announces Pension Reform Concessions
Last updated 15 minutes ago | Thursday, September 09, 2010
In response to nationwide demonstrations that took place recently in France, French
President Nicolas Sarkozy announced a series of modifications to the government’s
pension reform plans, in a bid to allay fears and to prevent further strike action. |
|
 |
UK Taxpayers Advised On PAYE Letters
Last updated 28 minutes ago | Thursday, September 09, 2010
The Low Incomes Tax Reform Group, an initiative of the Chartered Institute of Taxation, has issued a guide for taxpayers in receipt
of PAYE tax calculation letters from HM Revenue and Customs. |
|
|
FBR To Investigate Pakistani Cricket
Last updated 18 minutes ago | Thursday, September 09, 2010
Pakistan’s Federal Bureau of Revenue has been asked by the government
to launch a wide tax investigation into the game of cricket, and its players,
in the country. |
|
MEPs Delay Vote On Korean FTA
Last updated 33 minutes ago | Thursday, September 09, 2010
The European Parliament has approved safeguard measures applying to the free
trade agreement between the European Union and South Korea by a show
of hands, but postponed a final vote until next month to allow for agreement with
the European Council. |
|
Lowtax
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To
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| Topic: Slovakia |
| software company, but where? |
Hi evbody, in few mounths I have to base my activity of software saling somewhere.
My activity will be e-commerce and my market will be mainly german and english language area.
My collaborator lives in Swiss and he has another employ there but he is not citizens of that country. Could I use his Swiss residence to base the company in his flat?
Anyway how I could do that in other countryes like Hong Kong? I have friends working there and I went there.
Which is best place?
Jan |
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| Topic: Lowtax.net General |
| Please help |
| I will be selling software online. Where is the best place to open a company if I want zero VAT rates and minimal corporation tax? The company will trade online and should be able to accept credit card payments.I am not concerned about dividend taxation at this stage. Thanks pete |
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| Topic: Lowtax.net General |
| Less Tax |
If anyone could give me some advice it would be great.
I am thinking of selling a house in Australia, and paying the necessary taxes.
This money will then be transferred to Europe.
I know that if you have cash or other earnings you will not be entitled to an Australian Pension untill that cash disappears.
So that no trace or so that the Australian Tax Office does not know I would still have the cash, where and how do you suggest I deposit it to use as I like when I like?
Is Switzerland safe? Malta? Litchenstein? Anywhere in Europe?
What do you suggest???
Thanks! Aussie |
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| Topic: Lowtax.net General |
| Multinationals |
Hi
I work for a multinational company and I have actually my tax residence in Portugal where I pay 42% of income tax. I have the option to change residence to France, Germany, UK, Sweden,Belgium or Nederlands. What can I do to lower this rate a lot?
Txs |
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| Topic: Lowtax.net General |
| divorsed women avoiding tax in Australia |
| I'm living in Australia and I'm divorsed women. After 3 months I get payment from my exhusband. No children. I have two nationalities: Australian and Polish, but I dont want to live in Poland. I decided to return to live in Europe for several reasons. One of them - I dont want to keep my deposit in Australian Bank, becouce 35% TAX fees. What I can do when I get my check with considerable amount of money? Which is the best country to live? Whish is the best bank to keep deposit and get a good rent? Please, send me your advice. Magda. |
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New Thread |
| Topic: Lowtax.net General |
| Bullion & Precious Metals Offshore Business |
We buy and Sell Precious Metals and are looking for an effective Structure
We had thought of setting up an individual Offshore Company (IBC or otherwise)in an Offshore Jurisdiction (please advise what you think is best) which doesn't trade. This Offshore Company would have 'nominee agent' agreements with seperate limited companies in each of its trading centres eg UK France Germany Ireland USA Australia. These 'nominee agents' act as Management Companies in each country for all bullion sales and trading on behalf of the Offshore Company, they charge a fee for this service to the Offshore Company of between 5-10% of turnover of the Offshore Companies Trading Revenue.The other 95-100% is remitted back to the Offshore Companies Bank Account weekly as its revenue after deducting the Management Fees.
1) What sort of Company and Where?
2) The trading is generally all online, servers in Luxembourg?
3) The trading is Global?
4) Are Luxembourg, Malta, Monaco or Madeira suitable? been told that Luxemborg has a new entity an SFC or something which can hold assets inc precious metals but like all the other jurisdictions too
5) Been told Netherland Antilles good as a new base for servers?
6) Should the Offshore Company stand alone or hold all the equity in the 'nominee agent' companies or should they themselves also be stand alone?
7) Bullion is shipped from Mints and other Dealers to us for security and we distribute but we'd like to have it sent direct to one location (Secure Freeport facility and distribute worldwide from there to save VAT, so the bullion would be shipped from mints and other bullion dealers worldwide to us at one vault facility where we'd ditribute it globally but avoid VAT. The VAT is a problem because eg Silver is VATABLE in UK but not Gold Coins and that makes UK Silver prices higher than US...a market disadvantage.
7) The owners currently reside UK but would move to Monaco for domicile purposes...eg UK & Travelling Tues-Thursday then Monaco Fri Sat Sun
8) Just looking for a lawful, honest but tax efficient and asset protected way of trading.
9)Assuming framework of above is set up...the owners then want to protect themselves and remain anonymous after transfer of their interests in above Offshore Company and have their shareholdings held by anonymous nominees or open if their domicile is low tax eg Monaco.
10)The Offshore Company will be used as a vehicle to buy assets, property, bullion and precious metals
Can anybody suggest a way forward as we're totally confused by conflicting advice.. implementing strategy with next 3 months so just sounding out to see who know whats best? Obviously August will be the month we contact chosen advisors and move forward on this
Thanks and thanks lowtax.net goldagents |
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| Topic: Lowtax.net General |
| Best Jurisidction for E-Commerce Web-Site? |
| I am looking for the best jurisdiction for my e-commerce startup. It is important that it has a DTA with Denmark as the e-commerce startup should be a subsidiary of a danish holding. The main customers are in Europe. I am not looking for a Belize or Seychelles company or any other discount company formation service. Any advise? |
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| Topic: Lowtax.net General |
| Best option for my situation? |
| I have an e-shop and want to minimize corporation tax payable.My market is Western Europe. I am resident of Canary Islands . Where should I incorporate my company?I need a solution that would take credit card payments online.Thanks steve |
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| Topic: Bahamas |
| E-commerce possibilities in EU |
Hi,
We are just thinking of starting an e-commerce solution with fully digital e-products which will work in whole EU at the end. First would start in the languages like English, French, German, Italian and Spain. Later on in all languages that are spoken in EU. What are your suggestion which EU country could be the best solution - tax wise - for such an e-commerce site and why (establish a new company, taxes on sales, taxes for incomes of the owners, etc.? We would like to be resident in only one country and do the sale throughout EU for all citizens.
Your reply is highly appreciated! :)
GD GD |
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New Thread |
| Topic: Lowtax.net General |
| best b2c ecommerce offshore solution ? |
I am setting up a new eShop that will sell consumer goods in Europe and Switzerland.
The suppliers are in Europe and the distribution will be handled by independent logistic companies.
I need for my eShop:
- a merchant account (credit card payments from customers)
- a bank account
- anonymity for both shareholder and director
I am now living in Switzerland (but ready to move) and looking for a budget solution.
What would be the best solution? Thanks in advance,
Fritz |
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New Thread |
| Topic: Lowtax.net General |
| Expatriate |
My company needs to send some employees to a high tax, North European country for period of 1-2 years. We have established that they would not be liable to any earnings outside this country.
Can anyone recommend how we could set-up a "dual contract" arrangement so that they also have an employment in a 3rd (preferably European) country where they can receive earnings from the dual contract at a low or zero rate? We could arrange them to visit said country for conferences, training advice etc - so prefer it to be in Europe to keep costs low. |
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New Thread |
| Topic: Hong Kong |
| capital gains / salaries tax? |
| For an US resident to be regarded as self employed ( although not fully established as an entity such as LLC / etc. ) Would trading profits be subjected as salaries tax due to it's my only form of income or disregarded completely because of 0 capital gains tax? |
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| Topic: Lowtax.net General |
| Offshore account and internet |
Hi, i am confused a little.
I am from UK and have a very good income from ebay. I fear soon i will have to declare it, i dont want to be taxed or more important pay VAT.
Can i make an offshore account and still trade online, paying my profits into an offshore account and will it be tax/vat free ?
I get my wholesale merchandise with no VAT obviously, from USA. I really dont want to be taxed on my items, so will an offshore account be worth thinking about?
Thanks David |
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| Topic: Cayman Islands |
| UK income? |
My wife has been offered a job in the Cayman Islands for 2 years - we'll both be moving there in September. I will be her dependent. We are letting our UK house and will return to the UK rarely (if at all). I expect to satisfy HMRC that we are both non-resident.
I've handed my notice in with my employer as an IT worker - and my employment will cease before I move, however they have asked me to do some consultancy work from the Caymans. (I will physically reside in the caymans throughout).
What is the best way to set this up - tax wise? I've considered UK Company, LLP and/or cayman company... UK is best for setup costs - but I think a decisive break with the UK is best?
Am I right in thinking that a cayman company - which offers services to UK organisations - would be liable for UK tax on UK earnings?
Considering I'll be non-resident - what tax would I pay on this if me and my wife were setup as an LLP? (Would an LLP be any use at all??). Nearly in Cayman |
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New Thread |
| Topic: Lowtax.net General |
| freezone company - move back to UK |
I ama british national living in dubai for last 13 years, and currently have a UAE freezone company, all business is in the middle east region, (design consultancy)
I am considering my taxation liability if i decide to reside in the Uk again, but travel once a month to UAE to manage my business/staff in uae, then return to Uk in between
|
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|
Continued,
from above.
It all reminds me of the way in which countries
struggled to regain control of the foreign exchange
markets in the 1970s (yes, I am that old!) when
it was obvious that capital markets liberalization
had reached a point at which organized exchange
rate management had become impossible.
There was pact after
agreement after convention, and countless central
banks wasted their substance and their gold reserves
in trying to stem the tide, and failed.
Now we are seeing
the same thing with a financial transactions tax.
The markets have already won, and there is not
going to be any international agreement to put
a tax, however tiny, on its workings. Or if they
are silly enough to do it, there will always be
stand-out regions or cities which will make bundles
of hay out of it. Hong Kong, for instance.
But as I said, I
must be wrong, and it's me that's being silly.
So don't listen to me!
Ciao, Kitty.
|
 |
L L
H G E W I N D F A L L
C A S H A X P E E U X L I
A C I K T R C N X W T F N
F S M C I I E H V C P Y C
L I B C N H A T E Z I I O
A F E G P A R U U Q T S M
T S E R E T N I J B U P E
I S V D Y E I I Q Z E E Y
P D J V V O N R F N L R R
A M E E Y X G G S Y A U N
C L R T B L S I W L S K D
T A X A T I O N A C C U O
E Q V R K N R S Y E N O M
Word
list
Capital, Cash, Duty,
Earnings, Exchequer, Excise, Financial,
Fiscal, Income, Interest, Levy, Money,
Pension, Price, Rate, Rebate, Revenue,
Salary, Taxation, Windfall
Quiz
One
of these words is not in the puzzle,
which is it?
Clue
Berate
the chancellor to recover your
tax?
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