Tax Evasion vs. Tax Avoidance
Following the leak of the Panama Papers earlier this year, there has been much talk about tax evasion and tax avoidance and cracking down on the global elite to make sure they pay their taxes.
Crystal worldwide Blog
Your Guide to Bank Secrecy
Bank secrecy refers to a type of legal requirements that exists in certain jurisdictions prohibiting banks from providing authorities with information about their customers and the accounts of their customers except in certain situations, such as when there is a suspicion of money laundering or a criminal complaint has been filed.
How a Second Citizenship Can Affect Your Tax Planning
A number of countries worldwide allow for dual citizenship. The advantages of dual citizenship are no doubt numerous. In many cases, it makes travel easier, expands property ownership possibilities, and provides access to two social service systems.
What Every Company Should Know About Automatic Exchange of Information
The world is becoming increasingly globalized, and cross-border activity is now the norm. That means that countries across the world need to work together cooperatively and collaboratively in order to ensure that taxpayers are paying the correct amount of tax in the appropriate jurisdiction.
Why Is Ireland Such a Popular Mid-Shore Jurisdiction?
Ireland can be characterized as a mid-shore tax jurisdiction, meaning that it allows non-resident companies to register in the country, providing them with a lower tax rate and allowing them to create banking accounts anywhere in the world.
The Most Popular Mid-Shore Jurisdictions
Unlike classic offshore jurisdictions, mid-shore jurisdictions adhere to all international standards on tax transparency while also offering a favorable, more interchangeable tax rate.
How an Offshore Company Can Protect Your Privacy
When you form an offshore company, you can place your assets offshore by titling your personal bank accounts and other assets to the company.
What Every Company Should Know about the OECD Common Reporting Standard
The OECD Common Reporting Standard is an agreement between 47 countries to share information on their residents’ assets and income.
Is an Offshore Company Right for Your Business?
An offshore company is a company registered in a jurisdiction where it doesn’t conduct the majority of its business. While offshore companies sometimes have a reputation as being illicit or shady, they are absolutely legal to set up and to use
5 Things to Know about the Panama Papers
Since their release in early April, the Panama Papers have been making waves. German newspaper Süddeutsche Zeitung reportedly obtained these confidential records from an anonymous source and then shared them with the International Consortium of Investigative Journalists.