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International Monetary Fund demands tax reform from Hong Kong
**Hong Kong economy is one of the most attractive among the international entrepreneurs**. This is why the International Monetary Fund issued tax reform recommendations for this jurisdiction lately. For Hong Kong economy to stay competitive and flexible at the same time, it is vital to **rework tax structure** and change the approach. Nowadays, Hong Kong government receives the most revenue ...
Path: BlogRepeal of the Bermuda tax reform as the general service tax got denied
Even though the financial regulators of **Bermuda** had extensive plans regarding the **tax reform**, a lot has changed since then. Previously, we informed our readers about the implementation of a general service tax, however, it is dismissed from now on. The 2018\19 pre-budget report declares **tax amnesty** in controversy to the old plans. This amnesty will consist of a cancellation of la...
Path: BlogMove business wisely. What to consider when choosing offshore jurisdiction?
...main reasons why business moves offshore. Nowadays, European Union is on the way to remove obstacles for small and mid-sized business, especially in taxation sphere. Local jurisdictions all over the Europe are now in charge of implementing their own tax reforms. This might bring business to different countries that are willing to lower pressure on business and raise its own economics. Harmonizatio...
Path: BlogCrutial amendments to the Polish tax legislation in 2019
...ontracts or civil law agreements) often on a monthly basis. As you may understand inflows from the CIT and PIT are serious "money spinner" for the government of Poland. **The Ministry of Finance of Poland is currently undertaking Corporate Income tax reform by means of introducing recent "2019 Tax Bill" (the Bill).** The above-mentioned changes have quite comprehensive nature but today, we woul...
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