/Tag:tax

Germany: A Surprising Bitcoin Tax Haven

For many investors, 2017 marked the first year they seriously got into Bitcoin. What had been a novelty that was only understood and traded by geeks, barged into the mainstream consciousness with a 1,308% rise in value. And where the money flows, the legislators go. They may be a little slow to catch up, but that [...]

The New U.S. Tax System

On 22nd of December 2017, the U.S. president Donald Trump signed a ‘Tax Cuts and Jobs Act’, which introduces the most drastic changes of the U.S. Internal Revenue Code since 1986. The new U.S. tax bill, which becomes effective in 2018, includes a wide range of tax reforms that changes the rates of individual and corporate [...]

Italy: Approved flat taxation of foreign income

In December 2017, the Italian parliament approved a new Italian law which introduced a flat taxation on foreign income generated by new non-domiciled Italian residents. To benefit from the regime, the qualifying individuals need to submit applications to the Italian tax authorities. Scope Taxpayers whose applications have been approved are subject to a flat tax on [...]

Tax exemption on small cryptocurrency transactions in U.S.

Transactions using cryptocurrencies, such as Bitcoin, receive more and more attention from tax authorities. Some of the developed countries have already introduced laws requiring Bitcoin traders to report their transactions for taxation purposes. For example, the U.S. Internal Revenue Service (IRS) started a hunt for users of cryptocurrencies as a relatively small number of those users [...]

Should Facebook be taxed 10$ per user?

Many Internet businesses (e.g., Google, Amazon, Facebook, and Alibaba) generate significant revenues. In comparison with their offline counterparts, they usually pay less taxes. To reduce their taxation burden, Internet companies establish their operations in low tax jurisdictions (e.g., Luxembourg and Ireland), conclude tax deals (e.g., in 2015, Facebook enjoyed a tax credit of GBP 11,3 million [...]

New Dutch Tax Plans

After long political discussions and negotiations, four major Dutch political parties reached an agreement and formed a coalition. The new Dutch government will likely be presented to the public on 26th of October 2017. The coalition presented its policy plans for 2017-2021. Together with changes in the fields of employment, education, healthcare, immigration policy, the coalition [...]

Costa Rica: interesting for asset protection and tax purposes?

Costa Rica is an attractive investment destination in Latin America for many reasons, including successful economic performance, social achievements, and stable fiscal environment. The most significant feature of the current Costa Rican taxation system is that it operates on the basis of the territoriality principle. Therefore, companies and individuals based in Costa Rica are taxed only [...]

France wants back its rich people

The new French government, led by President Emmanuel Macron, announced a tax strategy which aims to significantly reduce the tax rates in the country by 2022. The new programme promises to reduce country’s financial deficit, improve its competitive environment, boost foreign investment, and lure financial institutions and large corporations to move from post-Brexit London to Paris. [...]

Is the Netherlands a tax haven?

According to a recent report entitled “Tax Battles: the dangerous global race to the bottom on corporate tax” that has been released by Oxfam International, five European countries fall within the list of the world’s fifteen most prominent corporate tax havens. These European countries are the Netherlands (third position), Switzerland (fifth position), Ireland (sixth position), Luxembourg [...]

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 [...]