Amazon did not pay any corporate tax legally for 2018

By |In The Spotlight Home|

It is widely known that Amazon is one of the largest companies in the world with revenues in 2018 exceeding USD 232 billion. The company is known not only with

Bulgaria has the most affordable labour force in the EU

By |Doing business international|

A report released by Eurostat revealed the countries where employees get the lowest hourly rates in the EU. Bulgaria has the lowest average hourly rate (EUR 3,5), followed by Romania

Andalusia abolishes most of its inheritance taxes

By |Living|

The Spanish province of Andalusia was widely known for its high inheritance tax rates. Since the tax authorities were assessing the inheritance tax on the theoretical value of the properties

The United States and France lobby for a minimum global corporate tax rate

By |Doing business international|

In February 2019, the U.S. Treasury Secretary Steven Mnuchin stated that the United States supports the proposal of France to impose a worldwide minimum corporate tax rate for developed countries.

Payment transfers to and from EU countries that do not use euro will become cheaper

By |Doing business international|

The European Union adopted amendments to Regulation No 924/2009 that will allow EU countries that are not members of the eurozone to benefit from the very low cross-border fees applying

The post-Brexit UK may be based on the Singapore model

By |Doing business international|

Introduction According to Jeremy Hunt (the UK Foreign Secretary), Singapore can serve as a model for the post-Brexit UK. In an article written by him for Daily Mail in December

Poland decreases its corporate tax rate in specific cases

By |Doing business international|

On the 1st of January 2019, a new Polish tax legislation entered into force. It reduced the corporate income tax rate to 9% for taxpayers having revenues equal or less

Bulgaria – the 2nd largest Bitcoin owner in the world

By |Doing business international|

Finding a treasure In the recent news, Bulgaria came up as the country holding the second largest amount of Bitcoins in the world. The surprising statistics relate to the fact

Multinationals prefer low-tax over no-tax countries

By |Doing business international|

Changing paradigms In the last five years, there has been a steady increase of the number of multinationals who prefer to register their subsidiaries in low-tax jurisdictions, and not in