The new EU succession rules
The new EU Regulation No 650/2012 came into force in 2015 in order to simplify and harmonize the legislation related to succession and wills within the EU. The Regulation aims
Macedonia has the lowest tax rate in the world
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
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?
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
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?
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
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
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
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
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
