Macedonia has the lowest tax rate in the world

By |Doing business international, Living|

The World Economic Forum (WEF) released the Global Competitiveness Report 2015-2016. The report identifies the competitiveness index of 140 jurisdictions. The competitiveness index is calculated on the basis of various

Luxembourg is dead

By |Doing business international, Living|

On 29 th of February 2016, the Luxembourg government announced a new set of tax measures to be implemented by 2017. The measures will amend the corporate and personal taxation

Why do Icelanders worship Sumerian Gods?

By |Living|

In Iceland, an increasing number of Icelanders are joining an exotic religious movement called Zuism. Although the Evangelical Lutheran is the official state church in Iceland, around 1% of Iceland’s

Taxation in Iran

By |Doing business international, Living|

The recent lifting of financial and economic sanctions against Iran opened new opportunities for businesses aiming at expanding in Iran, the second largest economy in the Middle East. Currently, the

Will UK tax your castle?

By |Estate planning, Living|

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

Hillary Clinton proposes extra tax for wealthy americans

By |Doing business international, Living|

The US democratic presidential candidate Hillary Clinton proposed a 4% tax surcharge for rich Americans whose annual income is $5 million or higher. Such “Fair Share” surcharge would be applied

Luxembourg announces tax amnesty plan

By |Doing business international, Estate planning, Living|

Luxembourg has recently announced its first tax amnesty plan for undeclared income. The temporary tax amnesty scheme for 2016-2017 aims at “laundering” tax evaders and regulating “assets and income held

South Dakota: tax haven on the prairie

By |Doing business international, Living|

The U.S. is one of the world’s leading tax havens for high-net-worth individuals and businesses that are seeking to shelter their assets from taxes. The U.S. states of Alaska, Delaware,

Lithuanian residency through investment

By |Living|

Why Lithuania? Lithuania, one of the three Baltic countries, became an attractive destination for foreign business investors in the recent years. Due to the country’s key business advantages, such as

The US provides tax benefits for hiring your own children

By |Living|

In the US, the Internal Revenue Service (IRS) offers tax incentives for self-employed individuals who would like to hire their own children. Such initiatives aim at supporting small family businesses