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 [...]


Why Lithuania? Lithuania, one of the three Baltic countries, became an attractive destination for foreign business investors in the recent years. Due to the country’s key business advantages, such as convenient geographical location, low corporate tax rates, highly educated population, developed logistics, and labor costs that are four times lower than the EU average, an increasing [...]

Americans Hold $ 2.1 Trillion Offshore to Avoid U.S. Taxes

Easy and quick incorporation procedure, no requirement for physical presence, and nonexistent taxes – these advantages attract businesses from all over the world to use the favorable tax environment of world’s tax havens. Striking numbers According to a recently released study about U.S. tax evasion conducted by two U.S. non-profit groups, U.S. businesses significantly benefit from [...]

Costa Rica: a tax paradise for online gambling companies

Many countries do not impose any taxes on both companies and individuals operating an online gambling business. However, only a few of those countries do not require such companies and individuals to obtain a special gambling license. Costa Rica, a country located in the tropical South America, gives the online gambling companies all they need – [...]

Macedonia – a tax haven in the Balkans

While most European countries impose corporate income tax exceeding 20%, Macedonia, as a shining European tax pearl, charges a corporate income tax of 10%. The corporate income tax in Macedonia is charged on two components, namely, any forms of distribution from the profit (including dividend distribution) as well a­s certain non-deductible expenses and understated revenues. The [...]