In order for the FTT proposal to be approved, all 27-member nations in the European Commission would have to agree to adopt the tax. This unanimity appears to be a long way off, though, since several countries have been vocal about their opposition to the...

Georgia, a small country in the Caucasus region, is situated at the strategically important crossroads where Europe meets Asia. Following the collapse of communism in the USSR in 1991, Georgians voted overwhelmingly for the restoration of independence and...

Worldwide credit ratings agency Standard & Poor’s decision to downgrade the ratings of nine countries within the Eurozone in January 2012 affected the entire world. After the downgrade, some investors and market analysts voiced concerns regarding...

Newly elected president of Kyrgyzstan, Almazbek Atambayev, has made it clear that there is no desire to renew the lease on the US military base located in Bishnek when it expires in 2014. While past leaders, including Kermanbek S. Bakiyev, also balked at ...

One example of capitalism’s revolutionary success is in Poland, where 20 years ago Dr Jan Kulczyk created the Kulczyk group to shape and drive a new world of capital formation and economic integration. What we as a nation and private business have achie...

Since the 1970s, Cyprus has been a prominent international business centre, attracting business and investment from all over the world. The accession of Cyprus into the European Union in 2004 and the adoption of the EU regulatory requirements regarding in...

Switzerland remains a solid location for financial and corporate investments. While the country officially went into recession in early 2009, the Swiss economy recovered quickly. Switzerland has not experienced a severe credit crunch as seen in other part...

The pulling power of the tax haven shouldn’t be underestimated, as Arcadia Group’s Sir Philip Green, one of the UK’s most famous tax haven mavens, would attest. Amid severe hikes in tax rates in the UK, speculation is rife that Barclays is to move i...

High-profile names such as BASF, Allianz, Porsche, Man Diesel, Eurotunnel, Schering Plough and Strabag took the step to become Societas Europaea (SEs) to reap the benefits, and several other heavyweight companies are now following suit. There were 751 SEs...

The small island nation located in the Mediterranean Sea has few natural resources, restricted fresh water supplies and no domestic energy sources. Until the late 1980s, the Maltese economy was heavily dependent on tourism, a limited manufacturing sector ...