Oil Majors Move Billions of Profits to Tax Havens
There are conflicting views on tax havens. Many individuals and companies or entities see tax havens as a smart investment. Recently, oil majors have joined that group. They have shifted…
Author: Robert
Real Estate Price Growth Has Slowed in Budapest While Rental Prices Drop
The coronavirus has taken its toll on the world in multiple ways, including negatively affecting the real estate market. In Budapest, the price growth of real estate has slowed down,…
Switzerland Is Closing Its Bribery Loophole to Help Change Its Reputation as a Tax Haven
Switzerland is doing its best to overcome its reputation for being closely associated with tax havens. The latest step in its efforts is to eliminate a bribery loophole. The Changes…
The Perth Mint Has Held Gold Worth $100 Million for a Tax Haven Bank’s Clients
A recent report from the Australian Financial Review indicates that the Perth Mint has connections to tax havens, thanks to its decision to hold around $100 million worth of gold…
A New Report Shows the Largest European Banks Declare Their Profits in Zero- or Low-Tax Jurisdictions
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…
Foreign Investment in Hungary’s Real Estate Has Dropped Significantly
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…
It Has Been 10 Years Since Hungary Introduced a Tax Exemption for Household Palinka Distillers
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…
Budapest Is Planning a Restart Tax That Helps Municipal Companies Recover From the Pandemic and Unions Support It
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…
Criticism Raised of UK Water Companies With Subsidiaries in Tax Havens
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…
As of October, the EU Removed the Cayman Islands From Its Tax Haven Blacklist
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…