telephone operations becoming a dying relic
Earlier this year, in her annual report to Congress, US National Taxpayer Advocate Nina E Olson remarked that the Internal Revenue Service's telephone operations have become a "dying relic" of taxpayer service... Continue Reading »
Residency in UAE & Benefits of Living in Dubai 100% Tax Free
Foreign workers have been drawn to Dubai, the major business and financial hub of the United Arab Emirates,in their millions for many years, drawn by the UAE's lack of taxes, its career and business opportunities... Continue Reading »
Well, it's been another mixed week for US tax reform. First, the good news. Last week, the Internal Revenue Service announced that, in certain circumstances, relief from tax penalties will be offered to those struggling to... Continue Reading »
According to US Senator Orrin Hatch (R-UT), who is Chair of the US Senate Finance Committee, the tax reform is overwhelmingly popular with US taxpayers across the board, from small and large businesses to employees... Continue Reading »
Maybe it's because we now live in increasingly fast-paced, on-demand economies, but there seems to be a growing sense of impatience at the pace - or lack thereof - of the OECD's work on some crucial areas of the BEPS... Continue Reading »
What's this? A political party called Five Star? Founded by who? A comedian? What? In Power?! With who? You mean Silvio's back? And a flat tax? On corporate income too? In Italy?... Continue Reading »
Isn't it strange how governments seek to cut tax just before elections? It's not by happenstance, and something that has happened for eons... Continue Reading »
According to the conclusions of a public consultation by New Zealand's Tax Working Group, the majority of New Zealanders want major changes to the tax system. Who doesn't! Will they get them? Probably not... Continue Reading »
If you're worried what the future holds as we draw nearer to an era of artificial intelligence - more automation, and fewer humans running the show - then you'd better worry about it a bit more... Continue Reading »
Ras-Al-Khaimah International Companies
Ras Al Khaimah (RAK) may be overshadowed by its neighbor, Dubai, in terms of global profile, but it is fast emerging as one of the most important business hubs in the region, thanks to its benign tax regime... Continue Reading »
by Amanda Banks, Lowtax.net, London
14 June, 2018
Jersey's business promotion agency, Jersey Finance, has published a new discussion paper prepared by a leading UK think-tank, which argues that international financial centers (IFCs) play a vital, positive role in the global economy.
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by Mary Swire, Lowtax.net, Hong Kong
14 June, 2018
Cayman Premier Alden McLaughlin met with lawyers in London on Monday to discuss the territory's constitutional relationship with the UK in light of UK legislation forcing the territory to set up a publicly accessible register on the beneficial ownership of legal entities.
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by Mike Godfrey, Lowtax.net, Washington
04 June, 2018
The Bahamas Government has announced that it will hike the value-added tax rate from 7.5 percent to 12 percent from July 1, 2018.
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by Mike Godfrey, Lowtax.net, Washington
04 June, 2018
The UK's 14 Overseas Territories must bring in publicly accessible registers concerning the beneficial ownership of legal entities or face having them imposed by the UK, following Royal Assent to the UK Sanctions and Anti-Money Laundering Act 2018 on May 23, 2018.
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by Mike Godfrey, Lowtax.net, Washington
04 June, 2018
The Premier of the British Virgin Islands, Orlando Smith, says his Government has appointed legal counsel to advise on a potential challenge to the UK's move to force its Overseas Territories to set up publicly accessible registers containing information on the beneficial ownership of legal entities.
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by Lorys Charalambous, Lowtax.net, Cyprus
04 June, 2018
The Dubai International Financial Centre, the low-tax financial hub, is proposing reforms to the regulation of companies, including imposing new beneficial ownership disclosure requirements.
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by Mike Godfrey, Lowtax.net, Washington
04 June, 2018
Aruba's Tax Office says this year's land tax assessments have been mailed to taxpayers, and that anyone who has not received a return should collect a duplicate at the island's Tax Office in Camacuri.
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by Jason Gorringe, Lowtax.net, London
23 May, 2018
Gibraltar's Deputy Chief Minister, Joseph Garcia, has told a cross-party delegation of UK parliamentarians that Gibraltar "will not cede an inch of its sovereignty, jurisdiction, and control," discussing Spanish relations amid Brexit talks.
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by Mary Swire, Lowtax.net, Hong Kong
23 May, 2018
Hong Kong's Government has published three bills to establish a new open-ended fund company regime.
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by Jason Gorringe, Lowtax.net, London
22 May, 2018
Guernsey's Chief Minister, Gavin St Pier, has told the island's parliament that Guernsey will make beneficial ownership information publicly accessible if it becomes an internationally adopted standard.
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Intended to be a proxy for business friendliness; evidently they are highly partisan, but hopefully one day they will become useful for decision-making, even if for the moment it is all just an amusing game. View Country Rankings »