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

EU cuts the blacklist of tax havens

By |Doing business international|

On the 2nd of October 2018, the Council of the EU revised the EU’s list of non-cooperative tax jurisdictions. During the revision, 3 jurisdictions, namely, Liechtenstein, Peru, and Palau, were

Georgia – Free Zone destination

By |Doing business international|

What is a Free Zone? A Free Zone is a part of the territory (in this case of Georgia) with defined borders and a special status granted by law. The

After Brexit, the EU countries will pay more tax to the EU

By |Doing business international, Living|

In a few months, the United Kingdom (UK) will not only leave the European Union (EU), but will also stop paying contributions to the EU budget. This will put the