• Wallet with credit card, cash money, bitcoin and a flash drive

The legality of cryptocurrency salaries

Many countries introduced tax rules governing the tax treatment of salaries paid in cryptocurrencies. The Netherlands, New Zealand, and the UK are just some of those countries. Cryptocurrencies supporters all over the world see the

  • Facebook logo with stable coins of Libra currency

EU proposes global tax measures regarding stable coins

The finance ministers of the European Union intend to inform the participants in the approaching G20 meeting in mid-October 2019 about the need for a global regulatory response towards stable coins. Stable coins are cryptocurrencies

  • Brussels airport departure hall for emigration from Belgium

More and more wealthy Belgians consider fiscal emigration

Belgium has not formed a government yet although the federal elections took place on the 26th of May 2019. The resulting political instability raises uncertainty about the future tax regime of the small West European

  • Cryptocurrency calculator for taxes worldwide.

Recent developments in the field of cryptocurrency taxation

In the recent weeks, two opposite tendencies have been observed in the field of cryptocurrency taxation. On one hand, the tax authority of Singapore proposed to exempt Bitcoin and other cryptocurrency transactions from goods and

  • Swizz flag with Alps on the background.

Switzerland will adopt new corporate tax rules

On the 19th of May 2019, a referendum regarding the acceptance of the Federal Act on Tax Reform and AHV Financing took place in Switzerland. The proposed act will eliminate the preferential treatment of multinational

  • World map with some euros and two passport showing citizenship by investment.

The debate over citizenship by investment programmes

The company Kleindienst Group announced that investors who purchase certain properties in the UAE project “The Heart of Europe” will become eligible for Moldovan citizenship. More specifically, to qualify for the program, an investor needs

  • Coins with tax letters on a grey font.

What are the countries with the lowest and highest tax burden?

CapRelo, a global relocation management company, published a list of countries that impose the lowest and the highest tax burden on labour. The study covers 40 countries. To compile the list, CapRelo used information about

  • EU and tax report on tax havens

Seven EU countries were accused in being tax havens

In the first part of 2019, the European Parliament issued a report which argues that seven EU countries, namely, Belgium, Cyprus, Hungary, Ireland, Luxembourg, Malta, and the Netherlands, display traits of tax havens and facilitate

  • amazon sign in the empty sky paying zero tax for 2018

Amazon did not pay any corporate tax legally for 2018

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 its online store, but also

  • Bulgaria has low wages

Bulgaria has the most affordable labour force in the EU

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 (EUR 4,2), Lithuania (EUR 5,5)

  • Andalusian villa with a sunny view.

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

  • Taxes in France and US are changing.

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

  • Online and mobile banking in EU are cheaper.

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,

  • Meeting between UK and Singapore.

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

  • Autumn view of Poland.

Poland reduces 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

  • Huge amount of crypto in Bulgaria.

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

  • Identity theft of online banking details.

Identity theft – a loss or an excuse for tax fraud?

Losing a house due to identity theft A controversial story related to identity fraud has shaken a small village in the Netherlands in the province of West Groningen, where a house of a former local

  • Sofia is the lowest tax capital in Europe.

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,