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  1. Don

    Cyprus new 15% CIT + 5k non dom fee

    In Cyprus, there are some tax changes ahead: The corporate income tax rate would be increased from 12.5% to 15% for all corporations. A New annual fee of €5,000 for individuals who have received the non-dom status For normal Cyprus tax residents, the existing SDC on rental income would be...
  2. Don

    It is now legal to confiscate your assets in the west - movie

    Lets watch and talk: https://rumble.com/v517z08-stop-it-great-taking-film-trailer.html Anyone read the Great Taking or seen the documentary? It describes the details of how it is now legal to confiscate assets in the west. https://thegreattaking.com/...
  3. Don

    Doubtful about tax authorities

    Paying taxes is a social responsibility because it ensures that everyone contributes to the funding of public goods and services that benefit society as a whole. It supports education, healthcare, infrastructure, and welfare, helping to reduce inequality and improve the quality of life for all...
  4. Don

    AML Regulations: Understanding the two distinct approaches when choosing the jurisdiction of your financial institution

    The regulations of some countries require the authorities to prove that the preliminary crime has been committed to prosecute for money laundering. To elaborate further, there have been cases where, if money laundering is suspected, politically influential persons from authoritarian countries...
  5. Don

    Iran for doing business tax free

    Lets talk about Iran! The Iranian Government operates six free trade zones and 16 special economic zones in the country, with the most prominent being Kish Free Trade Zone, Qeshm Free Trade Zone and Chabahar Free Trade Industrial Zone. These zones have been specifically set up to support...
  6. Don

    Free residence permit on the table: Mother Russia welcomes you

    A free residence permit is up for grabs. No language requirements this time. https://www.themoscowtimes.com/2024...s-who-share-traditional-russian-values-a86074 Im going to copy here some of the benefits to serve as a reminder: Freedom to live and work anywhere in Russia. Access to free...
  7. Don

    Malaysia

    What are your thoughts on Malaysia? How's the future going to look like? Not so long ago, Malaysia used to tax its residents and non-residents only on their Malaysia-sourced income. However, during the tabling of budget 2022, the government announced it would begin taxing the foreign-sourced...
  8. Don

    Privacy in EU: Lawyers are not necessarily always interested in the rule of law

    An interesting piece: Another EU court case is weaponising human rights against transparency and tax justice - Tax Justice Network The European Court of Justice is set to again deliver a ruling that could have a huge impact on transparency, exchange of information and the fight against illicit...
  9. Don

    Finding the Best Country for Value: Top Tax Policies and Benefits

    Which country offers the best value for money? What is the best tax policy? Countries with the Highest Personal Income Tax Rates 1) Belgium 79.5% 2) Finland 66.75% 3) Portugal 64% 4) United Kingdom 63.25% 5) Switzerland 59.7% Did you know that a tax haven can also be a country with the...
  10. Don

    Supporting the fight for freedom and privacy

    Supporting someone's fight for freedom and privacy through anonymous funding can be fraught with challenges and potential backlashes for the funder. While the intention may be noble, anonymity in legal proceedings can raise suspicions and even lead to legal repercussions for all parties...
  11. Don

    UK non-dom regime will be abolished

    https://www.lawsociety.org.uk/topic...on-dom-regime-following-the-march-2024-budget Looks like non-domiciled tax regime is over in UK: on 6 March 2024, chancellor Jeremy Hunt delivered his budget speech and secured his place in the tax history books by announcing the government would bring to an...
  12. Don

    AML laws - weapons of mass-distraction?

    AML laws - are they really helping to reduce money laundering? It feels at times that they might do more harm than good. Sometimes I suspect that there might be something far more sinister behind that - like good old hunger for power and control...
  13. Don

    Saudi Arabia

    For those who are looking to reduce taxes, there's a rather compelling offer from the Kingdom: Exemption from CIT, no WHT from dividends, no personal income tax. https://www.reuters.com/world/middl...panies-moving-regional-hqs-riyadh-2023-12-05/ Recent reforms have also simplified the...
  14. Don

    United Nations adopts plans for historic tax reform

    Countries at the UN have adopted by a landslide majority a resolution to begin the process of establishing a framework convention on tax and completely change how global tax rules are decided. The framework convention can eventually move decision-making on global tax rules from the OECD ”“ a...
  15. Don

    Oracles have spoken - what the future holds

    In this world, nothing is certain except death and taxes, Benjamin Franklin famously said. Billionaires may not yet have achieved immortality, but they have certainly become more agile at avoiding the taxman. Over the last decades, globalization has opened new evasion possibilities exploited by...
  16. Don

    EU Unshell directive

    Anyone planning on setting up or with existing structures in EU should be aware of the Unshell directive. https://taxation-customs.ec.europa.eu/taxation-1/corporate-taxation/unshell_enIts important to note that unshell has 2 year look-back period. Now about the recent developments: Because EU...
  17. Don

    Diving Deep into OPSEC: Let's Guard Our Data

    Hello everyone, Having benefited greatly from the wisdom shared in this forum, I felt it timely to initiate a dedicated thread on OPSEC. Operational Security (OPSEC) is not just a buzzword””it's a necessity in our tech-driven world, and it extends far beyond KYC (Dangers of KYC and compliance...
  18. Don

    Tax the middle class (and billionaires) out of existence?

    Nowadays we have ideas spreading that billionaires should be taxed out of existence: Some countries seem to want to extend this to the middle class, returning to feudal society (e.g., neo-feudalism). According to the attached document, when we look into Europe - Dual-Earner Family: Average...
  19. Don

    virtual numbers for 2fa

    What are the best virtual phone number providers for RECEIVING SMS (verification codes, 2fa, etc)?
  20. Don

    Russian Residence by Investment

    Let's take a moment and disregard political nuances and compare Russian Permanent Residency by Investment with other RCBI schemes. How does it stand out? ✅ Swift retrieval of investment. Investors, be they in shares or property, have no obligation to maintain ownership of the asset after the...

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