/Tag:tax burden

Importance of China’s VAT Reform

China, one of the world’s most powerful economies, has recently implemented a significant tax reform. In May 2016, the Chinese business tax (BT) was effectively replaced with value-added tax (VAT). The tax reform aims to ease the tax burden on companies and assist the Chinese economy in shifting from labor-intensive manufacturing to service-oriented industries. For a [...]

Brussels does not like dancing!!

Brussels Municipality has adopted and enforced tax on ‘usual dancing parties’, which has immediately been called ‘one of Europe’s more obscure fiscal levies’. As result, owners of cafés, bars, and music clubs where dance parties are being held are obliged to pay EUR 0,40 for every person swinging on the dance floor per night. The dancing [...]

Rich Belgians massively move to Switzerland

Belgium witnesses a new emigration tendency. Over the last few years, an increasing number of rich Belgian citizens decided to leave the country and relocate to more tax-friendly jurisdictions, such as Switzerland and Luxembourg. According to the Belgian Federal Public Service of the Interior, more than 22.000 Belgians reside in Switzerland. The reported number has increased [...]

Belgium fails to reform its corporate tax regime

After long and intense negotiations, the Belgian federal government announced new tax measures, which will become effective on 1st of January 2017. Although the government was planning to reform the corporate tax regime, the new measures do not alter the rate of the current corporate tax (33.99%). The reforms have been postponed for an indefinite period [...]

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 accountancy practices in a Welsh village

A group of traders in Crickhowell, a small village in Wales, started an initiative aimed at optimizing their tax bills. Small family businesses, such as the local book shop, bakery, smoked salmon firm, and a local café, decided to use the same offshore tax strategies that are used by large multinationals. This initiative is a protest [...]

Tax transparency creates new homes

In the recent years, there has been a steady increase in the number of legal acts allowing the governments to automatically exchange tax information. Below, three such legal acts are mentioned. The U.S. Foreign Account Tax Compliance Act (FATCA) requires all non-US financial institutions to conduct a search in their records and to report assets of [...]

FREE EBOOK  +10.000 DOWNLOADS

How to Make Yourself Invisible to The Tax Inspector

For anyone who cares about fiscal and financial privacy.
DOWNLOAD NOW

Free Ebook Reveals
How To Make Yourself Invisible To The Tax Inspector

If you’re ready to take back control of your life and financial privacy, this book is exactly what you need.
GET YOUR FREE COPY NOW
Click Me