/Tag:UK

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 Keeps EU 10 Billion in Bermuda

Google tax strategies and accountancy practices are widely discussed topics not only in media, but also on a governmental level. News website shave recently disclosed information that, every year, Google sends profits of about EU 10 billion to the Bermuda Island, one of the world’s tax havens offering a 0% corporate tax rate. However, the only [...]

Will UK Tax Your Castle?

The UK considers introducing a mansion tax which will target the properties that are worth more than £2 million. The owners of such properties will be obliged to pay an annual progressive tax starting from 1% of the property value. The mansion tax regime was proposed by two UK political parties, namely, the Labor Party and [...]

The US-Cayman FATCA Agreement

The cooperation in tax matters between the US and Cayman Islands began in 2014, when the agreement regarding automatic exchange of tax information under US Foreign Account Tax Compliance Act (FATCA) between Cayman Islands and the US entered into force. FATCA is a U.S. legislative act which aims at preventing US citizens living abroad from committing [...]

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 [...]

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