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Multinationals prefer low-tax over no-tax countries

Changing paradigms In the last five years, there has been a steady increase of the number of multinationals who prefer to register their subsidiaries in low-tax jurisdictions, and not in no-tax jurisdictions. In this regard, [...]

EU cuts the blacklist of tax havens

On the 2nd of October 2018, the Council of the EU revised the EU’s list of non-cooperative tax jurisdictions. During the revision, 3 jurisdictions, namely, Liechtenstein, Peru, and Palau, were removed from the so-called “EU [...]

By |In The Spotlight Home|

Greece uses drones to find tax fraud

The Greek tax authorities announced that they used surveillance drones to document tax violations on the island of Santorini. The drone operation lasted one day and aimed at collecting evidence indicating that operators of nine [...]

By |In The Spotlight Home|

Italy plans a 10-year tax holiday for residents of Sicily, Sardinia and Calabria

People who dream about spending more time in Southern Italy, enjoying its delicious cuisine and sunny climate, may get a new tax-friendly opportunity. The Italian government has proposed a 10-year tax break for Italian and [...]

By |Living, Residence|

Georgia – Free Zone destination

What is a Free Zone? A Free Zone is a part of the territory (in this case of Georgia) with defined borders and a special status granted by law. The main feature of the special [...]

Uganda first to introduce a Gossip Tax

The world has witnessed various weird taxes, such as the Russian tax on beards, the tax on Chinese immigrants into Canada, the English tax on fireplaces and windows. Uganda, a country in East Africa, decided [...]

By |Living|

Belgians pay fines and taxes for showing their national flag

The Belgian national soccer team started their participation in the World Cup in Russia with two consecutive wins, one against Panama and one against Tunisia. To support their national team, many Belgians have put flags [...]

By |Living|

10 jurisdictions with no inheritance tax

There is a growing social movement arguing that people should become wealthy by working hard, and not by inheriting wealth from their relatives. That is why many governments impose significant inheritance taxes, also known as [...]

By |Living|
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