21st-century breakdown

With divorce rates in the Russian Federation hovering around the 65 per cent mark, the UK around 53 per cent and the rest of the developed world much above 40 per cent1, a seasoned trustee is likely to have encountered a fair number of family break-ups and the attendant issues that divorce proceedings can bring.…

Upcoming Immigrant Investor Programme in Ireland

Irish Government recently announced introduction of two major new immigration initiatives aimed at facilitating the immigration of entrepreneurs and investors into Ireland in return for their readiness to invest in its economy. The initiatives come as an effort to update the current “business permission” scheme and therefore bring more investments into the Republic. Under the…

Singapore Eases Small Business Tax Compliance

At the annual Budget Seminar organized by the Tax Academy of Singapore, Moses Lee, the Commissioner of Inland Revenue, has disclosed that the Inland Revenue Authority of Singapore (IRAS) is to introduce a further simplification of tax filing for small companies.

Budget 2012

The new UK Budget 2012 introduced some important changes in the taxation of high-value residential properties in the UK. Effective from 22 March 2012, the top rate of Stamp Duty Land Tax (SDLT) increased to 7% on acquisitions of UK residential properties worth over £2 million. Previously, the highest SDLT rate was 5% on acquisitions…

Cyprus Tax Incentives

Earlier this month the Cyprus parliament approved a range of tax changes and incentives as part of a package of measures to improve the attractiveness of Cyprus to foreign investors and foreign businesses. It is intended that these measures will expand and develop the local economy in the present difficult economic climate