Tax

World Finance speaks to Nigel Green, Founder and CEO of deVere Group, about the dynamic international financial services sector – and why Africa is emerging as a frontier market

deVere Group: Africa is ‘the next far east’

World Finance speaks to Nigel Green, Founder and CEO of deVere Group, about the dynamic international financial services sector – and why Africa is emerging as a frontier market

International financial services are a growing global industry. One of the firms shaping this dynamic sector is deVere group. World Finance speaks to its CEO, Nigel Green, about the evolving landscape and why the company sees Africa as such a massive area...

World Finance speaks to Jonathan Chazkal, Partner at Association Afschrift, to discuss Belgium’s taxation landscape

Association Afschrift on the logistics of Belgian inheritance tax

World Finance speaks to Jonathan Chazkal, Partner at Association Afschrift, to discuss Belgium’s taxation landscape

Inheritance tax continues to be a divisive issue among Belgians. One company helping to shed a light on the logistics of taxation in the country is Association Afschrift. World Finance speaks to its representative, partner Jonathan Chazkal, to discuss how...

New VAT ruling will cost businesses millions

A European tax ruling changing whether financial groups pay VAT or not, could potentially add hundreds of millions of pounds in annual costs to global financial institutions doing business in the UK and EU

A European Court of Justice judgement issued on VAT grouping rules will cost financial institutions and potentially other VAT exempt businesses hundreds of millions of pounds annually. This is the assessment from the UK offices of global consultancy, KPMG...

CFOs are the new knowledge executives, says KPMG leader

Don Mailliard, North American Leader for Financial Management at KPMG, discusses the changing role of CFOs, and how they can help create ‘intelligent enterprises’

In today’s data-driven world, companies are under increasing pressure to unlock the insights from their data and create an ‘intelligent enterprise’ – and chief financial officers are in a prime position to do it. Most modern CFOs have been invo...

A case of money laundering and tax fraud against Princess Cristina of Spain has sparked a heated debate of preferential treatment in a country already inflamed by austerity

Spanish royals accused of fraud and corruption

A case of money laundering and tax fraud against Princess Cristina of Spain has sparked a heated debate of preferential treatment in a country already inflamed by austerity

New allegations of tax fraud and money laundering have hit the Spanish royal family as the youngest daughter of King Juan Carlos was named a formal suspect in a long-running corruption inquiry. Princess Cristina, 48, and seventh in line to the Spanish ...

Deal between Caterpillar and Swiss tax authorities allowed company to pay four percent rates, committee hears

Caterpillar questioned by US Senate over $2.4bn unpaid taxes

Deal between Caterpillar and Swiss tax authorities allowed company to pay four percent rates, committee hears

Caterpillar was forced to defend itself before a US Senate hearing in which it was accused of offshore tax evasion. During the panel hearing, it was revealed that a low-tax affiliate unit set up by the company in Switzerland years ago had been unchallenge...

Many have called into question the extent to which cryptocurrencies like Bitcoin are escaping tax liabilities, but until a regulatory framework is decided upon, the issue will remain unchecked

Cryptic crypto: is Bitcoin escaping tax liabilities?

Many have called into question the extent to which cryptocurrencies like Bitcoin are escaping tax liabilities, but until a regulatory framework is decided upon, the issue will remain unchecked

“If you mow your neighbour’s lawn, it doesn’t matter if he pays you $20 in cash or $20 worth of Bitcoins (or $20 worth of tomatoes for that matter), you are still legally required to report that as income. When using Bitcoin for payment, the taxing ...

While the country has strong economic growth prospects, Argentine's tax regulations means nearly half of its GDP is sidelined

Argentine tax regulations are crippling competitiveness, says Grupo GNP

While the country has strong economic growth prospects, Argentine’s tax regulations means nearly half of its GDP is sidelined

The second largest country in Latin America and the eighth at global level, Argentina has an estimated population of around 40 million. Its developing economy is based mainly on primary exploitation and the manufacturing of natural resources, through loca...

Mexico is shaking up its tax system, by increasing corporate tax and retail sales taxes, among others. Selwyn Parker looks at the effects this might have

Mexico’s tax reforms: opportunities and obstacles

Mexico is shaking up its tax system, by increasing corporate tax and retail sales taxes, among others. Selwyn Parker looks at the effects this might have

Congregated along Mexico’s border with America are hundreds of factories known as maquiladoras, or assembly plants. Mostly foreign and in particular American-owned, they export their products under long-standing, favourable tax arrangements that have co...

Thierry Afschrift, Managing Partner of Afschrift Law Firm speaks to World Finance about the challenges of tax in Europe for HNWIs and companies

Tax in Europe: the challenges for HNWIs and companies

Thierry Afschrift, Managing Partner of Afschrift Law Firm speaks to World Finance about the challenges of tax in Europe for HNWIs and companies

Tax regulation has always been a contentious issue within the EU. Various tax regimes in different countries have forced companies to come up with creative tax plans which have left citizens vulnerable to excessive taxation. And as austerity measures end...

Creating leverage in the Brazilian tax system

Brazil’s tax system can seem overly complicated – but with the right advice, there are enormous savings to be made

Running a company in Brazil is a challenge that comprises a wide range of different aspects, from cultural diversity to logistical trials, if we consider the country continental in extent. There are some other quite interesting challenges – among them i...

Driving the change: Cyprus pushes for economic growth

Despite the financial crisis, investors are publicly showing confidence in Cyprus through their commitment to keeping operations on the island

For decades, Cyprus has been successful in attracting investors, and now that the country is going through tough economic reforms, both the need and opportunities for foreign investment are increasing. In its efforts to build a stronger future for Cyprus,...

With the tax environment in the US - and Germany specifically - in flux, corporations need to be equipped for changes ahead

Tax in Europe: what corporations need to know

With the tax environment in the US – and Germany specifically – in flux, corporations need to be equipped for changes ahead

Alexander Hemmelrath has unparalleled experience in tax advice in Germany. With 30 years of experience in international tax law as a tax practitioner and a university professor, Hemmelrath has observed a changing tax environment in Europe. He has now brou...

Estate tax nuances explained

First introduced in 2010, portability is now a permanent fixture in the estate planning world, and as Paul Tromp, Senior Financial Planner at BMO Private Bank, discusses, it has ties to a significant number of sectors

Portability was first introduced in 2010 and is now a permanent fixture in the estate planning world as a result of the American Taxpayer Relief Act (ATRA) of 2012 that took effect in January. It allows married couples to “carry over” any unused feder...

Since 1980, African governments may have lost over $1trn in net resource outflows due to illicit activities. Martin Morris explains the part Western firms have played

Criminal outflows

Since 1980, African governments may have lost over $1trn in net resource outflows due to illicit activities. Martin Morris explains the part Western firms have played

Those who claim the West has been pumping money into Africa – in the form of development aid and private sector financing – but received little in return are guilty of perpetuating one of the enduring falsehoods of our time. Far from being a drain on ...

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