Facebook Is Dissolving Some of Its Irish Tax Haven Assets
Over the years, Facebook has been just one company of many tech giants that has faced backlash for using international tax havens. One of the most notable of these was…
Crystal worldwide Blog
Sandor Kovacs, a Fidesz Politician, Is the Subject of a Tax Investigation
An ongoing tax investigation shows that Fidesz politicians are not beyond the scope of the law. It also shows that they use the same tax loopholes and tax planning strategies…
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…
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…