It is no secret that high-net-worth individuals commonly use tax havens to reduce their income or corporate tax rates, frequently going as far as owning offshore real estate. A recent…
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Those involved in the real estate market in Hungary have noticed a significant drop in foreign investments. Experts connect this reduction in investments to the coronavirus pandemic. Relevant Statistics Data…
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It has officially been 10 years since Hungary first introduced the tax exemption for household distillers of palinka. In honor of the anniversary, we will take a look at…
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Each country has taken a slightly different approach to the pandemic, including a health perspective and a financial perspective. Budapest has suggested implementing a restart or recovery tax to help…
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The Financial Times recently published a piece criticizing three water companies that continue to maintain subsidiaries in tax havens. This type of criticism is nothing new, as water companies in…
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For years, the European Union has maintained a blacklist of jurisdictions that it considers tax havens. The Cayman Islands was previously on this list, but as of October, this is…
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The British Virgin Islands is nearly always included on lists of tax havens. That’s because of its secrecy and how that attracts criminals looking to hide their funds. Recently, the…
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Tax havens have always been filled with controversy. The most common argument against tax havens is that they take away taxable income that could benefit the country. The most common…
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California has a unique situation with property taxes. The state is currently operating as a property tax haven, but this may change thanks to Prop 19, which will be on…
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There have been various reports indicating that many in the United Kingdom want to designate “freeports” now that the country has left the European Union. Those in favor of the…
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