/Tag:corporate taxation

US NOT VERY TAX FRIENDLY…

According the Organization for Economic Cooperation and Development (OECD), the United States has the highest corporate income tax rate in the world. Corporate profits in the US are taxed at rather outrageous corporate tax rates, averagely 39,1%. Therefore, an increasing number of large American corporations, including Apple and Google, chose to relocate their businesses overseas to [...]

Taxation in Georgia

Georgia, a country in the Caucasus region, is located on a crossroad between European and Asian markets. Due to Georgia’s business advantages, such as a low-cost workforce, a stable political environment, an attractive tax regime, and a well-developed infrastructure, an increasing number of foreign investors choose to outsource their business activities in Georgia. Moreover, in order [...]

Taxation in Iran

The recent lifting of financial and economic sanctions against Iran opened new opportunities for businesses aiming at expanding in Iran, the second largest economy in the Middle East. Currently, the trade between the EU and Iran amounts to annual EUR 7,5 billion. However, due to the new trade opportunities, this amount is expected to grow four [...]

UK Starts Beneficial Ownership Registry in 2016

The UK has recently become an active player in setting new transparency standards in corporate taxation. More particularly, the UK government introduced the Small Business, Enterprise and Employment Act (SBEE), which came into force in 2015. The SBEE was created after the G8 Summit in 2013 with the aim to improve transparency regarding UK company ownership [...]

BOTSWANA, African tax haven?

About Botswana Botswana, a former British colony in Southern Africa, is one of the most prominent countries in Africa. The country has a strong economy,uses one of the most advanced banking systems in the continent, and maintains a stable tradition of representative democracy. After becoming independent in 1966, Botswana developed into a middle-income country with the [...]

How to not pay taxes on money generated by crowdfunding

In the recent years, there has been a steady increase in the use of crowdfunding platforms (e.g., kickstarter.com and crowdfunder.com). Such platforms allow any Internet user to receive funding for his/her projects. Quite often, the initiators of crowdfunding projects collect a lot of money. For example, in 2015, a color e-paper smartwatch collected more than USD [...]

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