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    Tax-News.com: EU Points Out Inefficiencies in France's VAT System

    The European Commission has released a paper recommending improvements to France's "inefficient" value-added tax system, including that the country do away with broadly applying reduced VAT rates. Continue reading...
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    Tax-News.com: Most Europeans Want Tougher Action Against Tax Fraud

    Three-quarters of Europeans want the European Union to do more to tackle tax evasion, according to a new survey by Eurobarometer. Continue reading...
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    Tax-News.com: European Union Tax Burden Rose In 2014

    The tax-to-gross domestic product ratio in the European Union crept higher in 2014, to 40 percent, according to a new report from Eurostat. Continue reading...
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    Tax-News.com: Indian SC To Review Government's Cyprus Blacklist

    The Indian Supreme Court has admitted appeals against a Madras High Court's ruling that upheld the constitutionality of section 94A of the Income Tax Act, an anti-avoidance provision used by the Government to notify Cyprus as a non-cooperative tax jurisdiction in 2013. Continue reading...
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    Tax-News.com: Ukraine Reveals Proposed Cyprus DTA Changes

    Ukraine's Government has announced changes negotiated with Cyprus to their existing double tax agreement. Continue reading...
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    Tax-News.com: Cyprus, Ukraine Agree To Replace Temporary DTA

    Cyprus and Ukraine have agreed the text of a double tax agreement that will likely replace their existing pact from January 1, 2019. Continue reading...
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    Tax-News.com: Bulgaria Greece Tax Argument Settled

    Bulgaria has welcomed a commitment from Greece to revoke its withholding tax on Greek business transactions in Bulgaria. Continue reading...
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    Tax-News.com: Sixteen States' Tax Transparency Frameworks Reviewed

    Sixteen peer review reports were released at the recent plenary meeting of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes on October 29-30, 2015. Continue reading...
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    Tax-News.com: Dominica Launches Citizenship By Investment Unit

    The Government of Dominica has launched a new Citizenship By Investment Unit, to improve customer service and significantly reduce the processing time for applications. Continue reading...
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    Tax-News.com: IMF Supports Tax Reforms In Cyprus

    Cyprus has carried out a number of fiscal reforms under its economic adjustment program supported by an International Monetary Fund loan. Continue reading...
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    Tax-News.com: EU States Told To Address Widening VAT Gap

    Tax Commissioner Pierre Moscovici has urged European Union member states to "take the steps needed to fight tax evasion and tax fraud," after new figures showed that the value-added tax gap did not narrow in 2013. Continue reading...
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    offshore company to avoid the ability to obtain and share info on beneficial owner?

    In order to effectively combat and prevent the misuse of corporate vehicles for illicit purposes, it is essential that the authorities have the capacity to obtain, on a timely basis, information on the beneficial ownership and control of corporate vehicles. Thats actually what the OECD has...
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    What is the risk to incorporate offshore company?

    It depends very much where you live and of the local applicable laws, otherwise it can be a significant issue, true. As discussed above, a critical factor in misusing corporate vehicles is the potential for anonymity. Not surprisingly, therefore, the types of corporate vehicles that are misued...
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    What is the risk to incorporate offshore company?

    The ability of authorities to obtain information on beneficial ownership and control must also be accompanied by a corrensonding capacity to share that information with other authorities domestically and internationally respecting each jurisdiction's owner fundamental legal prinicpiles. The...
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    Netherlands Antilles girobank.an any suggestions?

    They are a true bank there is no need to be suspicious. I had a meeting with them back in 2003 where they introduced their bank and services offered. Just give them a call if you want to open a bank account there.
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    Looking to start an IBC for an online business running in Australia

    Let me see if I can help a little here :D It may be better to incorporate an offshore company before you start your business for one or more of the following reasons: a) You want to avoid paying tax once you have grown your business and have started to make a substantial amount of money...
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    Is it true that Seychelles company has no share capital at all?

    Seychelles as well Cyprus don't requires the authorized share capital to be paid in, thats just like it is.
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    How to sell cheaper with Offshore company?

    Admin says normally, if some claim to have been "forced" by the payment processor to charge VAT it may be so, but personally I would change PSP then.
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    Seychelles Company -> Cyprus Company -> German Company

    Well, you can "move" money between the German and the Cyprus company, however, there may be tax complications with the German tax authorities if not done correctly, you will be able to pay corporate tax in Germany and only transfer the dividends to the Cyprus company where it will not be taxed...
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    Where to register Offshore company to hide 1 million dollar?

    For the reasons mentioned you will want to setup a company structure which explanation don't belong to a public board.

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