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Kings or presidents – who pay more tax?

A recent public survey commissioned by the Dutch TV programme “EenVandaag” revealed that more than a half of the Dutch population (62%) would like their royal family, King Willem-Alexander, Queen Máxima and the abdicated Queen Beatrix, to pay tax as regular Dutch residents. The survey was conducted among 26.700 respondents who expressed their opinion about different [...]

Top 5 tax-friendly EU countries for large businesses

According to a recent research conducted by the Dutch financial newspaper “Het Financiële Dagblad”, large European enterprises pay an average corporate tax rate of 23,3% on their profits. The research analyzed the taxation of the 25 biggest firms trading on the Amsterdam Stock Exchange, including Philips, Unilever, ING Group, and Heineken, and assessed their corporate tax [...]

Golden Visa In Cyprus

In 2016, the Cypriot government revised the laws governing the Golden Visa Program, i.e., a governmental program that allows non-EU citizens who invest in the country to obtain permanent residence in Cyprus. The program aims to attract wealthy foreign citizens to the third most populous island in the Mediterranean. If the program application is approved, permanent [...]

Offshore firms own 40.000 properties in London

A research conducted by the British newspaper The Guardian demonstrates that the offshore ownership of properties in London has increased with 9% over the last 10 months. At present, companies registered in tax havens, such as Panama, Liechtenstein, Cayman Islands, and the British Virgin Islands, own around 40.000 commercial and residential buildings in Greater London. The [...]

Google Keeps EU 10 Billion in Bermuda

Google tax strategies and accountancy practices are widely discussed topics not only in media, but also on a governmental level. News website shave recently disclosed information that, every year, Google sends profits of about EU 10 billion to the Bermuda Island, one of the world’s tax havens offering a 0% corporate tax rate. However, the only [...]

The US-Cayman FATCA Agreement

The cooperation in tax matters between the US and Cayman Islands began in 2014, when the agreement regarding automatic exchange of tax information under US Foreign Account Tax Compliance Act (FATCA) between Cayman Islands and the US entered into force. FATCA is a U.S. legislative act which aims at preventing US citizens living abroad from committing [...]

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