VAT Rules for small business may be simpler starting from 2020

VAT Rules for small business may be simpler starting from 2020

The implementation period of proposals to make simpler value-added tax compliance obligations for small and medium enterprises should be brought forward to the beginning of 2020 is recommended by The EU's Committee on Economic and Monetary Affairs has recommended. The proposals were included in a package of VAT reform measures to establish a fraud-proof VAT regime in the EU by…
When is the right time to create an offshore company

When is the right time to create an offshore company

The offshore company often is wrongly considered illegal. If it can be used in some illegal fixtures, in itself, the offshore company is legal. As long as you respect certain rules and take advantage of loopholes rather than defraud them anyone can create an offshore company. However, it becomes really useful in certain situations. When the tax on profits becomes…
Offshore bank account opening and bank secrecy

Offshore bank account opening and bank secrecy

The interest of an offshore company resides partly in its anonymity for managers and shareholders. This anonymity is only guaranteed if the financial transactions made through the offshore company remain unobtrusive. Bank secrecy is essential to guarantee this discretion. Only, it is increasingly difficult to enjoy a true banking secrecy. Bank secrecy, what is it? This is a form of…
Offshore Company: what are the strengths of such an entrepreneur structure?

Offshore Company: what are the strengths of such an entrepreneur structure?

Every entrepreneur wants to optimize his income and his general organization. This is the reason of offshore company choice. Here is all you need to know about this structure which is particularly relevant despite its bad reputation. Optimization of fees and taxes In the first place, it should be emphasized that the main interest in creating an offshore company is…
The conditions for legal offshore company

The conditions for legal offshore company

An offshore company often has the image of an illegal activity. However, lot of country laws allows the creation of an offshore company. And to avoid becoming illegal, all you need to do is follow certain rules and practice activities that aren’t prohibited by the law of your home country, or that of the country of your tax residence. An…
The benefits of an offshore company in Ras al Khaimah

The benefits of an offshore company in Ras al Khaimah

Ras Al Khaimah is one of the seven emirates and the industrial heart of the United Arab Emirates. Despite the fact that it's small it is rapidly-growing offshore center which serves as a conduit for investment. It’s divided into two enclaves, one of which is the most northerly and the most easterly of the country. Ras al Khaimah is an …
The Switzerland regulator frames the crypto-economy

The Switzerland regulator frames the crypto-economy

FINMA set out public position on initial coin offerings (ICOs). Cryptocurrencies are part of the anti-money laundering law and issued tokens can be considered as shares. FINMA boss Marc Branson notes that the laws governing financial markets apply to ICOs most often in the areas of the fight against money laundering and securities trading. (Credits: AFP) It was a decision…
The Bank for International Settlements launches an offensive strategy against cryptocurrencies.

The Bank for International Settlements launches an offensive strategy against cryptocurrencies.

The General Director of the Bank for International Settlements Augustin Cartens recommends that central banks regulate the use of cryptocurrencies, including bitcoin, primarily for conversion into real currencies. The attack is frontal and it’s conducted on behalf of consumers and investors whose confidence in the currency and financial institutions today is endangered by the proliferation of cryptocurrencies. "Bitcoin makes it…
HMRC reduced tax bill for F1

HMRC reduced tax bill for F1

A year ago the Formula 1 (F1)  was bought by Liberty Media, which is American entity, but the companies which run it and own its commercial rights are based in London and are therefore liable to tax in the United Kingdom. In a letter to shareholders, Liberty Media said the tax rate for F1 would be "low". While the tax…
Switzerland and US are on the top of the list of tax havens

Switzerland and US are on the top of the list of tax havens

A blacklist of tax havens, with objective criteria and no last-minute secret dealings? Far from the controversial one set by the European Union (EU), where there are only nine countries left, Tax Justice Network (TJN) carries out its own every two years, scrutinizing one hundred and twelve jurisdictions. Switzerland was once again put in the first place in its ranking…
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