12/30/2014

Do not unfairly tax the rich

The former private client lawyer and partner of London-based Simmons & Simmons where acted for some of world’s wealthiest, said that when the top rate of tax came below 50 per cent, the tax take increased by 5 per cent.

12/29/2014

Kiev targets oligarchs with budget bill

Recession-battered and war-torn Ukraine overhauled its business-choking tax system early on Monday, promising to lower the burden on small businesses and lower-income citizens while closing loopholes long exploited by oligarchs.

12/19/2014

Cyprus signs agreement with United States under FATCA

On December 2 2014 the Cypriot finance minister and the US ambassador to Cyprus formally signed the intergovernmental agreement between Cyprus and the United States under the Foreign Account Tax Compliance Act.

12/19/2014

Seminar advises on raft of UK tax changes

More than 200 financial services professionals filled the Sanderson Suite of the Claremont Hotel to hear of substantial changes in the local and international tax environment.

12/14/2014

Diverted Profits Tax To Undermine UK Economy: ACCA

In the recent Autumn Statement, the UK Government announced that a 25 percent DPT would be introduced from April 2015 to tackle artificial profit shifting arrangements that have the effect of reducing profits taxable in the UK.