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…
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 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…
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…
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…
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…
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…
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…
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…
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…