Andalusia abolishes most of its inheritance taxes

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 concerned (irrespective of the market
[ Continue Reading ]

By |In The Spotlight Home|

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

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. More specifically, Mr Mnuchin stated
[ Continue Reading ]

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

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 in the eurozone. The eurozone,
[ Continue Reading ]

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

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 2018, he discusses the history
[ Continue Reading ]

Poland decreases its corporate tax rate in specific cases

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 than EUR 1,200,000. The new
[ Continue Reading ]

Bulgaria – the 2nd largest Bitcoin owner in the world

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 that the Bulgarian government owns
[ Continue Reading ]

Multinationals prefer low-tax over no-tax countries

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 no-tax jurisdictions. In this regard,
[ Continue Reading ]