Lowtax Network
Content Update | Issue XIX | 11 October 2007
ONLINE VERSION: HTTP://WWW.LOWTAX.NET/NEWSLETTER/CONTENT_UPDATE_XIX.ASP


Dear Colleague,

This week:

I hope you find this update useful. Please remember that you can customise your mailing preferences by visiting your own profile page to choose from 29 offshore tax and law subjects in order to receive just the information you want. You can also unsubscribe completely by following the instructions at the bottom of this page.

Kind regards,

Kate James


Tax-News.com Headlines

IRS And States To Share Employment Tax Data,
by Mike Godfrey, Tax-News.com, Washington
Wednesday, November 07, 2007
Officials from the Internal Revenue Service and more than two dozen state workforce agencies have announced that they have entered into agreements to share the results of employment tax examinations. [ FULL STORY ]
Law Firm Partners Face HMRC Expenses Investigations,
by Robin Pilgrim, LawAndTax-News.com, London
Thursday, November 08, 2007
Business and and financial advisory firm, Grant Thornton is warning law firms and other professional services firms in the UK to expect 'intense' enquiries from HM Revenue and Customs into the calculation of income and expenses, ahead of the deadline for investigations into 2005/06 partnership returns. [ FULL STORY ]
Supreme Court Justices Lean Towards Keeping State Bond Tax Breaks,
by Philip Morton, Investors Offshore.com
Thursday, November 08, 2007
US Supreme Court justices have this week indicated that they may uphold tax breaks offered by dozens of states on municipal bonds. [ FULL STORY ]
Prosecutors Arrest South Korea's NTS Chief,
by Glen Shapiro, LawAndTax-News.com, New York
Wednesday, November 07, 2007
South Korea's tax chief and head of the National Tax Service, Jeon Goon-pyo, was arrested earlier this week amid allegations that he accepted bribes from a regional tax officer who wanted a promotion, it has emerged. [ FULL STORY ]
Hang Seng Unphased By Through-Train Derailment,
by Mary Swire, Tax-News.com, Hong Kong
Wednesday, November 07, 2007
The postponement announced by Premier Wen Jiabao this week of the plan to give Mainland investors access to Chinese shares listed in Hong Kong doesn't seem to have rattled the Hang Seng, which promptly shot up to 30,000. [ FULL STORY ]
First Runway Completed At Dubai's New Mega Airport ,
by Lorys Charalambous, Tax-News.com, Cyprus
Wednesday, November 07, 2007
The first runway has been completed at the Al-Maktoum International Airport (previously the Dubai World Central International Airport), which, when completed, is set to dwarf in size the world's current largest airports. [ FULL STORY ]
Direct Tax In India Grows In Year To October 31,
by Philip Morton, Investors Offshore.com
Wednesday, November 07, 2007
The Indian government this week unveiled direct tax collection figures for the period ending October 2007. [ FULL STORY ]


Directory

For Visitors

Our aim is to offer you the ability to locate a service provider specialising in the field of your choice, in the jurisdiction of your choice, with just a few clicks. We only list confirmed entries to reduce the number of dead-ends and strictly enforce categorisation criteria to ensure that you find exactly the service you are after. As of September 2007 we have begun to implement a new, expanded format to make the directory even more user friendly and comprehensive.

Click here for the new directory home page.

For Service Providers

The Lowtax Offshore Service Provider's Directory offers firms the ability to highlight their services to one of the web's largest specialised tax, legal and offshore audiences. Our visitors include large numbers of corporates and HNWIs. Standard entry in the directory is free as long as your details are kept up to date. Premium entry options are available. Please contact Daniel Cookson for further details.

Click here for the new directory home page.

 


IFC Recruitment is the dedicated job board serving the offshore and international finance community giving you up to the minute information on the very latest jobs available.

If you are looking to start a new career or just looking for a change of scene, find your perfect job by searching the latest vacancies within your sector. You can find that new start by searching by geographic region, salary band or job title. IFC Recruitment brings a new edge to recruitment within the International Finance Community. At last there is a 21st century approach for job seekers. New positions can be advertised as soon as they become available; shorter turnaround times bring you closer to your dream job in less time. No Longer is there a need to send your CV to multiple prospective employers, just upload your CV and let them find you.

By registering your details with IFC Recruitment you'll be able to take the strain out of finding your next role. Here are just some of the great benefits of registering.

Get headhunted! - Upload your CV and put yourself in the shop window. Employers can see your CV using our CV database and can contact you directly.

Let the right jobs find you - We will keep you updated by email when a matching job is advertised on the site.

Application tracker - Keep a record of the positions you've applied for on IFC Recruitment.

Stay in touch - As a registered IFC Recruitment user we will send you email newsletters based on your jobseeker profile selections. You'll get a wide range of information including new employers, industry updates, current jobseeker issues & competitions.

One Click Apply - Store your CV and cover note with us and you will be able to apply for jobs with just one click.

If you need any further information please contact us on +44 (0)845 4797351 or email us at jobs@ifcrecruitment.com.

 


Reducing your tax burden by 25% to 50%

Enjoy the benefits of effective lower tax rates, protection of your assets and total anonymity.

Suitable for Webshop Owners, International Traders, International Investors and Trademark Owners Tax Efficient Solutions can decrease global tax burdens by 25% to 50% per structure.

Most multinationals and wealthy individuals have been using tax efficient solutions for many years. The average effective tax rate for these companies or individuals is far below the nominal tax rate of their home country; this is as a result of the use of Tax Efficient Solutions. The large consultancy firms earn billions for their advice and implementation of these structures for their wealthy clients.

We realise that there are a lot of medium-sized companies who are also interested in these Tax Efficient Solutions however they don’t have the same budgets for consultancy fees and implementation charges that the large companies have.

So we have developed Tax Efficient Solutions Packages designed to assist you in implementing your own structures at a fraction of the cost.

Package deal
We collect and do all the research on solid and proven structures on your behalf. The entire structure is explained in plain English and can be upgraded to include all required documents such as contracts, etc. We can even keep you informed on an annual basis with relevant tax law developments for the implemented structure.

Cost effective
This approach offers you the best cost effective way to implement a Tax Efficient Solution and keep it working for years.

How do we do it?
We collect and do research on solid and proven structures. Then by doing the implementation your self the costs of these structures are far less.

We do what we do best
We are good in researching and creating solutions to reduce your tax expenses. Most of our clients can do the implementation themselves, which saves them a lot of money. This is why more and more companies have their own in-house tax department. For creative but solid tax solutions they come to us.

Example Package Solutions
A Dutch Webshop generates a yearly turnover of EUR 500,000. The annual net profit before tax amounts to EUR 100,000. In the Netherlands EUR 25,000 tax is paid. When using this structure, the overall tax burden amounts EUR 12,850. A tax saving of EUR 12,150 per year.

A Company in The Netherlands owns an IPR that generates a yearly turnover of EUR 1,000,000. The annual net profit before tax amounts to EUR 125,000. In the Netherlands EUR 31,000 tax is paid. When using this structure, the overall tax burden amounts to EUR 6,700. A tax saving of EUR 24,300 per year.

An International Trading Company in the EU generates an annual profit before tax of EUR 75,000. In the EU EUR 18,750 is paid for tax. With the Tax Efficient Solutions package specially for International Traders the tax burden will amount to only EUR 525. A tax saving of EUR 18,225 per year.

To learn more or order your solutions package visit our web-site www.taxefficientsolutions.com or email info@taxefficientsolutions.com.

 


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