Lowtax Features Tagged 'United States'
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10 Jan, 2013
The Foreign Account Tax Compliance Act, or FATCA for short, might be targeted towards US taxpayers.
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13 Dec, 2012
The islands, Grand Cayman, Cayman Brac and Little Cayman cover an area of just 100 sq miles in the Western Caribbean Sea, but, together, the Cayman Islands punch well above their weight in terms of their importance to the global financial system.
The Cayman Islands has the world's largest offshore banking sector, is second only to Bermuda as a captive insurance centre, and has recently established itself as the domicile of choice for the hedge fund and offshore mutual fund industry. During 2003 and 2004, China's explosive entry into world markets saw the Cayman Islands emerge as one of the primary routes for financial flows into and out of the Chinese mainland.
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22 Oct, 2012
With flexible and responsive regulatory systems and low or zero rates of taxation, it is not surprising that the internet gaming industry has a found its home offshore. Those jurisdictions which have invested in an appropriate legal framework and advanced telecommunications infrastructure have generally reaped the benefits of the rapid growth in this sector over the last decade. The tiny Caribbean territory of Antigua and Barbuda, and the Mediterranean island of Malta, a member of the European Union (EU), are two such jurisdictions. However, legislative and regulatory developments in the United States and the EU have put the very existence of the internet gambling industry in these places under threat, with disastrous economic consequences, actual in the first case and potential in the second.
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09 Aug, 2012
Thanks in large part to the Canal, shipping is one of PanamaÂ’s strongest economic pillars, alongside banking, financial services and tourism. A thriving re-export industry has grown up in recent decades centred on the Colon Free Zone, and the country is home to tens of thousands of international companies chiefly as a result of its benign tax regime and strong confidentiality laws. PanamaÂ’s low taxes and sub-tropical climate have also attracted a large community of expat pensioners, particularly from the United States. There are also a range of incentives for domestic and foreign investors alike.
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27 Jul, 2012
National tax systems, which have traditionally rested on the principles of jurisdiction and physical presence, have been slow to adapt to the nimble and borderless world of e-commerce, especially of the offshore variety. However, driven by the need to raise ever greater sums in tax revenue, this is a situation that is beginning to change.
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25 Jul, 2012
Tax certainty is as crucial a factor as tax rates for an investor or a business when deciding in which jurisdiction to locate a company - if not more so - and this is something that applies to offshore jurisdictions as well as the large 'rich' countries.
A company will be reluctant to invest in a country if it has a history of changing the tax goalposts on a frequent basis, as this makes the important business of long-term planning very fraught and complicates further already complex tax codes.
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