Today, we would like to give you a brief summary on the structure and use of the now-famous tax arrangement called Double Irish Dutch Sandwich, which is used by many large US based multinationals to lower their overall corporate tax burden.
The Cypriot Parliament voted a number of changes in the laws on 18th of April 2013 as part of the agreement concluded with ESM and IMF for financial assistance to Cyprus but it maintains important tax advantages.
Partly preceding partly following the negotiations conducted between The European Central Bank-European Commission-IMF troika the House of Cyprus Representatives has voted important and substantial changes, which also affects international businesses.
With effect from January 1, 2013 Hungary concluded three new double tax treaties between Denmark, Qatar and Georgia. With this, Hungary is having effective double tax treaties with 74 states now.