Article by Miguel Carlos Are you wondering what Tax Information Exchange Agreements are? Tax information exchange agreement or TIEA for short is an agreement among parties to be able to transfer domestic tax information. It actually has no benefits to private third party involved in the agreement. The governments are the ones or the only … Read more
During the past decade over 5.5 million Brits have left the UK in search of a better life overseas. Many have been financially hit hard by the recent economic downturn and the weakening on the British pound. It has had a huge impact on incomes of those who rely heavily on a British pension or … Read more
Tax Haven A tax haven is a place where private individuals place their assets in a foreign jurisdiction in order to protect themselves from high income taxes and currency conversion rates. Tax havens have a negative connotation as having associations with illegal activities. In reality, people looking for legitimate international tax planning opportunities employ tax … Read more
ROUND TRIPPING Introduction: Round Tripping refers to the capital belonging to a country, which leaves the country and is then reinvested into the country in the form of FDI. This route attracts a lot of incentives, which are: Firstly, enterprises set up through FDI enjoy … Read more
The U.S. Treasury has hinted that it may again offer an amnesty program for taxpayers hiding undeclared money in offshore accounts. Just before Christmas, IRS Commissioner Doug Shulman commented about the success of 2009’s amnesty. He suggested that people with undeclared foreign accounts would get a second chance to come forward. Will another amnesty be … Read more