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Starting your own business in Saint Vincent and the Grenadines
...n. Basically, this country supports two important concepts for offshore business: tax transparency and bank confidentiality. This means, business startups in St. Vincent and the Grenadines are able to enjoy all favors of offshore banking. Special tax information Exchange Agreements is an international act that allows business avoid double taxation, distribute tax obligations, share all informat...
Path: BlogCyprus has transferred to Moscow Russian bank account holders data for 2017
...and interest on deposits and bonds should be disclosed according to the agreements reached on October 29, 2014. Doubts that Cyprus was honest with Russia in the context of new relations arose three months ago when Switzerland decided not to share tax information with Cyprus. The Swiss concluded that Cyprus does not meet international requirements for data security and privacy. The Ministry of F...
Path: BlogRussian Tax Authority has received data on foreign accounts and assets of its citizens in 58 countries
...nt companies, depositories and brokers must inform the FTS about foreign clients with assets from $1 million and companies with accounts ranging from $250 thousand by means of a so called “electronic service”. **HOW DOES AUTOMATIC EXCHANGE OF tax information WORK?** The automatic exchange is part of the Organization for Economic Co-operation and Development (OECD) global plan to combat t...
Path: BlogUK government has stopped tax data exchange with Russian Federation
Russia was not included in the new list of countries which were approved for information exchange with UK. **According to the message of the HM Revenue and Customs (HMRC), UK has ceased the exchange of tax information with Russia.** The above-mentioned statement provides a list of countries that UK shares tax data with. Russia is not mentioned in the list of countries for 2019. Based on c...
Path: BlogMarshall Islands International Business Company Formation
...on (NRDC). For such companies there are no requirements for audited accounts or annual returns to be provided to the governing authority. Moreover, the government of RMI has not signed double taxation treaties and does not cooperate with OECD on any tax information exchange agreements. NRDC of The Marshall Islands is attractive in terms of privacy for shareholders and directors since their pers...
Path: Companies