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  • National Governments in Europe are Palpably Failing to Deal with the Crisis

    National Governments in Europe are Palpably Failing to Deal with the Crisis

    Kitty Miv, Editor

    01 May, 2014

    A fall in average deficits in the Eurozone and the European Union in 2013 sounds like good news, but lift the hood and the picture is not so pretty. Total debt in the Eurozone (17 countries) increased to 92.6 percent of...
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  • A Good Job of Removing Pigeons from the Piazza Della Signoria

    A Good Job of Removing Pigeons from the Piazza Della Signoria

    Kitty Miv, Editor

    20 Feb, 2014

    I suppose it's positive that Italy has removed San Marino from its black-list of low-tax countries. Not sure though whether it's quite as positive that Italy removed its Prime Minister in the same week. They are comparing Matteo Renzi to Tony Blair...
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  • The WTO is the Obvious Place for Resolution of International Disputes Over Tax

    The WTO is the Obvious Place for Resolution of International Disputes Over Tax

    Kitty Miv, Editor

    28 Nov, 2013

    Let's hope that this week's talks between Antigua and Barbuda (David) and the USA (Goliath) represent an outbreak of sanity in one of the silliest and least constructive episodes in recent international relations. I'm offering bouquets on a provisional basis, because it could all still go wrong. So far the progress of the affair has not reflected credit on anyone, except possibly the WTO, which has tried to walk a tightrope between on the one hand infuriating the US, and on the other failing to support a member country which on the face of it has been damaged.
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  • The Free-Lunch Counter of Offshore Gaming

    The Free-Lunch Counter of Offshore Gaming

    Kitty Miv, Editor

    21 Nov, 2013

    Let's hope that this week's talks between Antigua and Barbuda (David) and the USA (Goliath) represent an outbreak of sanity in one of the silliest and least constructive episodes in recent international relations. I'm offering bouquets on a provisional basis, because it could all still go wrong. So far the progress of the affair has not reflected credit on anyone, except possibly the WTO, which has tried to walk a tightrope between on the one hand infuriating the US, and on the other failing to support a member country which on the face of it has been damaged.
    Read Full Article »



  • Off-shoring Your Internet Identity

    Off-shoring Your Internet Identity

    Freemont Group

    06 Aug, 2013

    The world recently found out that the NSA and other governmental organizations are massively spying on citizens worldwide. This is to fight terrorism. We do not claim that terrorism is not a threat, but in the Western world more people die from falling down stairs.
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    Tags: Immigration


  • Lots of Burrowing Around in Transfer Pricing Regulations

    Lots of Burrowing Around in Transfer Pricing Regulations

    Kitty Miv, Editor

    28 Feb, 2013

    Brazil is one of those countries which fiddles constantly with taxes in a protectionist way, tries to manage its exchange rate, and generally behaves badly in my book, so it's good to be able to welcome a tax concession aimed at improving connectivity. But then they would have to go and stipulate that 50% of any equipment installed must be sourced locally, so only half a cheer. Then you wonder, at least I would if I was a foreign supplier of modems, say, how to get around that rule. There is bribery, of course, but you're not allowed to talk about that unless you're Silvio Berlusconi; so the next thing might be to try to interpret the "sourced locally" wording. What does that actually mean? A certificate issued by the local fisc? Then what if you have assembled the modems locally from cheap bought-in components, it would depend on how much value you could attribute to the local process.
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    Tags:


  • Emerging markets continue to grow

    Emerging markets continue to grow

    Freemont Group

    02 Aug, 2012

    Developing economies in Asia, South America and Africa continue to grow in spite of economic depression in the US and EU, says Ernst & Young in collaboration with Oxford Economics in their Rapid-growthmarket forecast (RGM). “RGMs are likely to weather the ongoing Eurozone crisis and remain engines of global growth, though many will see expansion slow this year. Their expansion is expected to accelerate once more in 2013.”
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