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To fight or not to fight for your rights
...most controversial topics for now. This is due to the fact that each side of the conflict has its supporters and opponents. Organizations and individuals, committed to transparency and fighting poverty, call on the UK government to clamp down on tax havens. They believe that greater transparency would help these countries claim their fair share of revenue, money that can then be used to fund p...
Path: BlogSpain's Prime Minister is planning to reform corporate tax and related taxes
...redistributive policies and crack down on tax avoidance and evasion by legislating to prevent the further use of tax amnesties. Also **Mr. Sánchez is planning to put together a new list of jurisdictions that will be classified by the Government as "tax havens."** Mr. Sánchez has proven himself as a person who has a very radical vision of contemporary Spanish politics. He became Prime Ministe...
Path: BlogFATF votes to greylist Malta. Global anti-financial crime watchdog advises enhanced monitoring for Malta
...ged the government to set up a unity task force to limit the greylisting damage. The FATF “grey list” includes 19 other countries ranging from Albania to Zimbabwe. It includes strife-torn countries such as Syria, Yemen and Myanmar as well as tax havens such as Panama and the Cayman Islands. Due to results of various studies, after ending up on the “grey list” major repercussions to...
Path: BlogEstablishing an Offshore Business: An Overview
...ll-known example is Amazon, which made $11.2 billion in profit in 2018 but paid no federal taxes. Various Offshore Company Types The three main categories of offshore businesses are: Legally tax-exempt jurisdictions, and Traditional tax havens. Zero-tax jurisdictions, Each provides low taxes and the ability to conduct business legally. In most circumstances, forming an ...
Path: BlogVanuatu International Business Company Formation
...ficially the Republic of Vanuatu, is an archipelago in the South Pacific Ocean, east of Australia west of Fiji and North of New Zealand, consisting of a chain of 13 principal and many smaller islands. When it comes to offshore businesses and tax havens, Vanuatu ranks among the most popular. In fact, it features amongst the most sought out locations such as the BVI, Bermuda, Cayman Islands ...
Path: CompaniesEl Salvador Online Gambling Company Formation
...there are no restrictions in relations to the shareholder’s citizenship or residence, it is important to take into consideration that a special withholding tax rate of 25% is applied when dividends, interests and royalties are payed to resident of tax havens. Benefits Low capital requirements At present the Online Gambling activity is not regulated in El Salvador Not blacklisted ...
Path: Licensing