Moving to Live in Canada, Need Expat Tax Help!
November 20th, 2008 . byA guide to expatriate taxation issues in Canada for anyone thinking about moving to live and work in Canada
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US, UK and Europe Cracking Down on Tax Evasion
November 19th, 2008 . byPerhaps in an effort to reap tax dividends to help with the global fiscal crisis, governments around the world are cracking down on tax evasion
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Expats Saving Tax and More Money Than Peers
November 10th, 2008 . byExpats are wealthier and happier and they save more money and tax than their peers back home. More reasons to move abroad!
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In Support of Offshore Tax Havens
November 3rd, 2008 . byWhilst we do not support tax evasion and incorrect accounting, we are in support of offshore tax havens for many reasons, here’s why…
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Luxembourg tables law to abolish capital duty
October 30th, 2008 . byThe Luxembourg government submitted to parliament, on 9 September 2008, the draft law that would abolish capital duty, currently set at 0.5% on capital contributed to commercial and civil entities, as of 1 January 2009.
The draft law clarifies that the five-year “claw back” period would not be applicable after 1 January 2009, for pre-2009 share-for-share mergers, even if the five-year holding period were not met.
The draft law would also introduce a specific …
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Corporate tax rates continue to fall worldwide, says survey
October 30th, 2008 . byAverage corporate tax rates across the world fell 0.9%, from last year’s 26.8% to 25.9%, according to KPMG’s Global Corporate and Indirect Tax Rate survey 2008.
The survey revealed that, whilst not every country analysed had reduced its headline rate of corporate tax in the year under review, for the first time since 1994, not one single country in the 106-strong sample had raised its corporate tax rate.
Sue Bonney, head of tax at KPMG Europe, said: “As corporate tax …
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Luxembourg tables law to abolish capital duty
October 30th, 2008 . byThe Luxembourg government submitted to parliament, on 9 September 2008, the draft law that would abolish capital duty, currently set at 0.5% on capital contributed to commercial and civil entities, as of 1 January 2009.
The draft law clarifies that the five-year “claw back” period would not be applicable after 1 January 2009, for pre-2009 share-for-share mergers, even if the five-year holding period were not met.
The draft law would also introduce a specific …
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UK Revenue turns to City law firms to catch evaders
October 30th, 2008 . byHM Revenue & Customs is for the first time planning to call in external law firms to deal with a backlog of up to 1,000 cases because the in-house Revenue Solicitor’s Office has been unable to cope with its workload.
Last year, HMRC published a new litigation strategy that said it would pursue a zero-tolerance strategy against individuals and businesses that attempt to evade tax. Previously, it tended to cut deals with tax evaders, offering discounts for prompt payment.
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UK Revenue turns to City law firms to catch evaders
October 30th, 2008 . byHM Revenue & Customs is for the first time planning to call in external law firms to deal with a backlog of up to 1,000 cases because the in-house Revenue Solicitor’s Office has been unable to cope with its workload.
Last year, HMRC published a new litigation strategy that said it would pursue a zero-tolerance strategy against individuals and businesses that attempt to evade tax. Previously, it tended to cut deals with tax evaders, offering discounts for prompt payment.
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Australia Gets Tough on Tax
October 29th, 2008 . byThe Australian government seems to think that cracking down on tax affairs and increasing taxes is the solution to its economic woes
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