Cyprus, Ireland and Switzerland have Europe's top tax regime
27-Dec-2007Cyprus, Ireland, and Switzerland are the top three countries in a league table of European tax systems compiled by accountant KPMG International, in which major business organisations across Europe assessed the attractiveness of their domestic tax ...
Read More on the artical "Cyprus, Ireland and Switzerland have Europe's top tax regime"
Swiss Canton votes for flat tax
27-Dec-2007Obwalden has become the first Swiss Canton to adopt a flat rate of tax for individual income taxpayers after 90% of the electorate voted in favour following a recent cantonal referendum. Obwalden had been forced to review its tax system following a ...
Read More on the artical "Swiss Canton votes for flat tax"
Non-doms contribute £16 billion a year to UK economy
21-Dec-2007The economic benefits to the UK of non-domiciled residents amounts to at least £16 billion a year - nearly equivalent to Luxembourg's GDP - without counting the trickle down effect, job creation and philanthropy from which the UK and the City of ...
Read More on the artical "Non-doms contribute £16 billion a year to UK economy"
Germany approves plans for inheritance tax reform
21-Dec-2007The German government has approved a proposal that could ease inheritance tax pain when family members pass businesses between themselves. The new proposals would allow for a family member inheriting the business to be immediately liable for 15% of the ...
Read More on the artical "Germany approves plans for inheritance tax reform"
Tax Institute calls for statutory UK residence test
21-Dec-2007Business travellers making as little as four overnight visits to the UK per month could find themselves tax-resident under proposals from the UK government, the Chartered Institute of Taxation warned. The UK Treasury is currently looking to change rules ...
Read More on the artical "Tax Institute calls for statutory UK residence test"