/Tag:tax rules

Hungarian Trust

On 15th of March 2014, Hungary introduced the legal structure of “trust” in its legal system. Similarly to the Anglo-American trust, the Hungarian trust consists of three actors, namely, the settlor, the trustee, and the beneficiary. The settlor is the owner of the assets, whereas the trustee manages the settlor’s assets. Subject to certain conditions, the [...]

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 [...]

New Zealand Changes Property Tax in Order to Avoid Money Laundering

New Zealand has recently taken measures against money laundering and tax evasion. The government introduced the Taxation (Land Information and Offshore Persons Information) Bill that aims at detecting people who intentionally avoid their tax obligations. The bill proposes two measures that focus on strengthening property tax rules, namely:   During the process of property transferring, buyers [...]

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