Everybody wants to keep as much of the money they earn as possible. Those people in the higher income brackets are forever looking for a way to protect their money from the income tax collectors.
Thus, the idea of personal tax shelter, the thing is, how can you tell which ones are the good ones, […]
Tax authorities are often relaxed about the need for small business to prepare and produce formal accounting records. Often the requirement is simply that each business retains sufficient financial records to support the accounts submitted.
Such advice from tax authorities places a burden upon small business in that the vast majority are honest hard working people […]
When you incorporate an offshore company in Seychelles, there is no such thing as a Seychelles Tax!
Information Seychelles:
Located in the stunning waters of the Indian Ocean, northeast of Madagascar and 1,600 from Kenya, the Republic of Seychelles is a paradise in many ways. There are 115 small islands that make up Seychelles, and these islands […]
Anyone in business in the UK who is not incorporated into a limited company must complete a tax return of their financial affairs each year. For a number of years the specific tax return to be completed by everyone self employed was the self assessment tax return.
The new self employed tax returns were introduced quite […]
It is no wonder that so many hard working Americans have a difficult time making ends meet. It is hard enough to have a small business these days and it is not any easier for those who work for others. We have a large amount of any money we make going to all kinds of […]
A vice tax is an indirect form of taxation applicable to sold called vice goods like alcohol, tobacco and to a certain extent gasoline. The tax is included in the purchase price for these goods and paid by the retailer, rather than the customer directly, hence an indirect taxation.
It may come as […]
In heritance tax has undergone some changes of late that make it a much simpler process to leave your money and property to your children without them paying the penalty of inheritance tax quite so soon.
Will writing is sometimes a complicated business and people do not always realise the implications of what they leave to […]
We have all heard the claims of being able to settle tax debts for “pennies on the dollar”. It sounds great, but does it really work? It may seem too good to be true, and the truth is that it is not for everyone. But for those who qualify, it can be […]
Hong Kong’s top financial officials have put forward some amendments aimed at bringing back wealth to people, including tax cuts and other compromises. The package of measures and compromises are offered to help the disadvantaged, improve Hong Kong’s economical stability and guarantee lasting development.
The government has predicted a surplus in the Consolidated Account of 115.6 […]
A new Corporate Income Tax Law (”CIT Law”) was passed by China’s legislature, the National People’s Congress. The new law was launched on March 16, 2007 and it takes out many of the tax incentives that had specifically been provided to foreign invested manufacturing companies.
However, it decreased the current corporate income tax rate from 33% […]
