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Taxation Law Articles

Articles written by attorneys and experts worldwide
discussing legal aspects related to Taxation.

Non-Profit Foundations Based in Switzerland Have to Pay Tax on Income Generated in Germany

  October 9, 2015     By GRP Rainer LLP
Foundations based in Switzerland need to pay tax on their income generated in Germany, even if they pursue non-profit causes.

Errors that Can Lead to Raider Seizure in the Ukraine

  September 29, 2015     By Syutkin and Partners
Today it is not a secret that the "raider / unlawful seizures" have become the norm and rather the rule of doing business than the exception to the rule, and both domestic enterprises and large foreign investors are suffering from unlawful seizures. What can be attributed to the notion of "raider seizure". Raider seizure - unlawful seizure of real estate, corporate law, intellectual property by other economic entities, physical entities and public authorities.

Italians Can Derive Tax Benefits from the Newly Enforced Double Tax Treaty with HK when Investing in China

  September 21, 2015     By Masson de Morfontaine
The agreement between Hong Kong and Italy for the avoidance of double taxation with respect to taxes on income and the prevention of fiscal evasion has entered into force.

Tax Implications for Thai Companies Hiring Services Overseas

  September 18, 2015     By Siam Legal International
When a Thai company engages the services of another company, it must comply with a few tax obligations under the Revenue Code. It must withhold and remit a tax of 3% of any fees paid for services, it must itself pay a value-added tax of 7% on those fees, and the contract as well may be subject to a stamp duty depending on the transaction. But what are the implications for a Thai company that engages the services of a company overseas?

New Resolution Imposes the Electronic Billing System to Contributors Registered in the Value-Added Tax - Argentina

  September 29, 2015     By Canosa Abogados
On March 11, 2015, the Tax Authorities (hereinafter “AFIP”) issued General Resolution No. 3749/2015 (“GR”) which obliges contributors registered in the Value-Added Tax (from now on “VAT”) to apply the electronic invoices’ system to support operations within the framework of the internal market, having to comply since July 1st of this year.

Time-Series Comparison Only Permissible as Method of Estimation Under Certain Conditions in Germany

  September 15, 2015     By GRP Rainer LLP
The tax authorities are increasingly applying time-series comparisons as a method of estimation in the context of external audits, but according to the Bundesfinanzhof (German Federal Fiscal Court), this is only permissible under certain conditions.

Conclusion of a Protocol that Will Amend the Double Tax Convention between Cyprus and Ukraine

  September 8, 2015     By Soteris Flourentzos & Associates LLC
The Ministry of Finance of Cyprus announced on 08 September 2015 the conclusion of the negotiations with Ukrainian Ministry of Finance. The two Contracting States agreed to a Protocol that will amend the Convention for the Avoidance of Double Taxation and the prevention of fiscal evasion with respect on taxes on income when it expire.

Inherited IRAs & the Taxes Involved

  September 4, 2015     By Giro Elder Law
Receiving an inheritance can be a blessing, but there are typically tax obligations involved including the inheritance of an IRA. If you inherit an IRA, you should check with an attorney or financial advisor as soon as possible to find out what your options are.

Cyprus and Iran - New Double Tax Treaty

  August 26, 2015     By Stelios Americanos & Co LLC
During a recent visit of a senior Iranian delegation to Cyprus, the Cyprus-Iran DTT was signed. The DTT is yet to be ratified or come into force, a fact that is expected to happen in the next few months.

EU Planning Tax Reforms

  August 26, 2015     By GRP Rainer LLP
The European Union wants to change its tax policy. One of its aims is for businesses in future to pay tax on their profits in the state in which they are generated.

Hong Kong Becomes More Investment Friendly after Tax Exemption

  August 26, 2015     By Masson de Morfontaine
On 17 July 2015, the Hong Kong Government gazetted the Inland Revenue (Amendment) (No.2) Ordinance 2015 (“the Ordinance”), which extended the profits tax exemption for offshore funds to private equity (“PE”) funds.

Tax Implications Of Asset Transfers

  August 16, 2015     By Huesman, Jones and Miles, LLC
Depending on the extent of a couple’s assets, a divorce can raise some very complicated financial questions.

Introduction of GST Bill in India May Be Delayed

  August 5, 2015     By Amlegals
The much awaited indirect tax reform in India will be further delayed.

Criminal Charges for Issuing a Bad Electronic Funds Transfer

  July 22, 2015     By Law Offices of Michele Finizio
A new law went into effect in New Jersey last year, which makes it a criminal offense to issue a bad electronic funds transfer.

The Latest Development and Tax Issues of Islamic Bond Market in Hong Kong

  July 19, 2015     By Masson de Morfontaine
Islamic finance is one of the fastest growing sectors in the international financial market. Given the strategic importance and influence of the Middle East investors, Islamic finance is increasingly in demand by investors wanting investment and financing products compliant with Islamic law (known as “Shariah”).

Cyprus Proposed Tax Reforms: Interantional Business Center Credentials Reaffirmed

On July 1, 2015, the President of Cyprus forwarded several proposed tax law amendments to the Cyprus Parliament for ratification. Provided the parliament enacts them into law which is a certainty they will take effect upon publication in the Official Gazette of Cyprus.

Tax Effects of the Dissolution of Companies in Panama

Article 528-A of the Commercial Code, added by Act 85 of 2012, deals with the dissolution of companies and explains causes and effects of their permanence in time to the end of the liquidation of its assets, after collecting their debt and pay its liabilities.

Tax Deductability of Bribes in Greece

The prohibition of tax deductibility of bribes and the risk of claiming these payments as "expenses" in order to get a tax return under the Greek law.

Regulation to Avoid Double Taxation in Accordance to the International Agreements Signed by Panama

The application for the tax benefit must clearly state the provisions supporting the right for the benefit.

Hong Kong is an Ideal Place for Investment despite the Unbounded EC Tax Haven Blacklist

Hong Kong was named among the thirty uncooperative tax jurisdictions in the European Commission’s (“EC”) tax haven blacklist released on June 17, 2015. The tax jurisdictions on the aforesaid list had been flagged up by ten or more European Union member states. Six of the thirty countries blacklisted are former British territories. Countries notable by their absences include Jersey, Luxembourg and Switzerland, whose secretive tax system are well-known to the world.

Russian President Signed Capital Amnesty Law

Capital amnesty law is adopted granting release from criminal, administrative and tax liability for individuals who have voluntarily declared their property.

The Legal and Tax Considerations for Chinese HNWIs Investing in Australia Property Market

The Chinese real estate boom in Australia will only be accelerating. It is predicted that an additional $70 billion demand for real estate from Chinese HNWI investors and immigrants over the next five years to 2020. It is an inevitable trend since China is undergoing its unprecedentedly greatest wealth creation, and Australia is on China’s doorstep.

Rectification of Canadian Tax Problems

Over the last fifteen years Canadian tax law has undergone a remarkable evolution in the legal remedies available to assist in fixing tax mistakes. Over this period, tax rectification has developed from being virtually unknown, to being a potent addition to tax lawyers' arsenal of tools available to fix tax problems.

Kazakhstan Tax Inspections: Tax Authorities' "Sword of Damocles"?

  By Integrites
Any state cannot exist without taxes and control over the timely treasury reimbursement and taxes are conducted by state revenue bodies. One of the instruments of tax policy is tax inspections. Our last dispute practice between tax authorities and entrepreneurs on the additional charges based on the results of the tax inspections shows that entrepreneurs in general are always "at gunpoint" of the tax authorities and they are not protected from repeated for the same period inspections.

Granting Preferences to Kazakhstani Legal Entities in Connection with their Investments in Kazakhstan

  By Integrites
The issues related to the provision of preferences to Kazakhstani legal entities in connection with their investments in Kazakhstan are mainly governed by the Law of the Republic of Kazakhstan “On Investments” dated January 8, 2003 (hereinafter the “Investment Law”) and the Code of the Republic of Kazakhstan “On Taxes and Other Obligatory Payments to the Budget” dated December 10, 2008 (hereinafter the “Tax Code”).

Elimination of Tax-related Administrative Approvals in China

  By MMLC Group
The State Council of China has recently issued several decisions for the purpose of further decentralization and the abolishment of tax administrative approval and registration requirements.

“Off-shore” Restrictions of Grant Legislation Pose Unnecessary Threats to Multinationals

The “anti-offshore” law relating to the use of public funds, introduced in 2011, aimed to prevent off-shore companies with unidentifiable ownership structure from acquiring grants out of domestic and EU public funds. The original intention of the legislation seriously distorted, however. Numerous innocent foreign-owned firms, including Hungarian subsidiaries of US-based multinational firms got trapped by the rules.

Investment Risks in Kazakhstan

Investors from different countries are continuing to establish their offices in Kazakhstan and many companies are willing to do business here. The rate of success stories for investors in Kazakhstan is good enough. However, there is always something new and unexpected when a foreign investor starts its business in an unknown country.

Tax Haven – Where Are the Best Tax Rates in Switzerland?

How many taxes do you have to pay? And where can you actually pay fewer taxes? The “Swiss Tax Report 2015″, from the highly regarded auditing and consulting firm KPMG, provides you with all the answers.

Incorporation of Companies in Hong Kong and in Singapore

In light of increased recent interest in incorporating corporations in Hong Kong and in Singapore, we have summarized briefly hereunder the procedures and the advantages of such corporations, as follows:

Cyprus-Lithuania Double Tax Treaty

The new year of 2015 also marks the implementation of the Cyprus – Lithuania Double Tax Treaty (DTT), which was initially signed in June, 2013.

Business Tax Deductions

Business expenses are the associated costs of carrying on a business. Such expenses are typically deductible if a business is operated to make a profit.

Foreign Companies in Ecuador

Foreign companies wishing to open a branch in Ecuador, should be incorporated in their country of origin as a trading company, may be of limited liability or a Inc and consider the following issues.

Are Sovereign Citizen Groups Right?

  By HG.org
They are frequently in the news, passing out fliers about not paying taxes, and conducting meetings in local hotels and restaurants about not being beholden to the government. Often referred to as “sovereign citizens,” these groups believe that they have found loopholes that exclude them from following laws by which they do not wish to abide. But, are sovereign citizen groups right, or is their interpretation of the law off base?

Financial Action Task Force (FATF)

Firstly, is important to understand the cause of money laundry crime. Usually, is related to drugs traffic, terrorism, trafficking of humans, others international crimes. In 1989, the group of seven (G-7), composed in those days by Italy, United Kingdom, France, Canada, United States, West Germany and Japan, create Financial Action Task Force (FATF).

The Cyprus International Trust

The Cyprus International Trust is a powerful asset protection tool because it effectively removes the assets from a less favorable jurisdiction, and places the ownership of the assets in the Trust.

A Lease May Not Always be a Lease for VAT

Lease services often lead to uncertainty from a VAT perspective. Some services which seem like lease at first glance do not meet the criteria “lease” for VAT purposes. The improper classification can lead to surprises: on the one hand the lessor’s deduction right can be challenged, on the other hand a seemingly VAT-exempt transaction could trigger VAT liability. A recent ECJ decision will set standards for these situations.

Tax Incentives in Turkey

Turkey aims to encourage production and export activities, fasten the entrance of foreign capital and technology in Turkey and develop the international trading activities through the grant of incentives to the investors. In the light of that, the local and foreign investors have equal access to the investment incentives system in Turkey.

Tax Compliance Overview in Turkey

Information about the tax liabilities of foreign investors in Turkey.

Proposed Price Changes for Medicinal Products and Medical Devices in National and Foreign Currency in the Ukraine

On March 13, 2015 on the web-site of the Ministry of Healthcare of Ukraine the draft of the Regulation of the Cabinet of Ministers of Ukraine was published, which is consider to change the Regulation of the Cabinet of Ministers of Ukraine “On reference pricing for medicinal products and medical devices procured by the state and local budgets”, dated 02.07.2014 N 240, in the aspect of the declaring currency of wholesale and selling price (hereafter as the Draft of Regulation).

E-Residency in Estonia

As the world seems to develop faster and faster, a new gadget has been placed to the disposal of the foreigners and non-resident persons in Estonia, namely the digital identity card also known as e-residency.

Cyprus and Barbados to Negotiate a Double Taxation Treaty

Cyprus and Barbados announced earlier this month, that they are to begin negotiating a double taxation treaty to strengthen economic relations between them.

Tax Evasion: Switzerland Supports Crackdown in Banks

Switzerland has perhaps had its day as a tax haven. According to media reports, Swiss investigators are supporting German tax investigators in searching several banks.

Deforestation Tax in the Democratic Republic of the Congo: Problematic of Tax Liability of Mining Titleholders

For some time, mining companies in the Democratic Republic of the Congo are facing the National Forest Fund, (“Fonds Forestier National”), a technical and financial public establishment set up by the law N° 011/2002 of 29 August 2002 relating to the Forestry Code (“Forestry Code”) for the payment of the “deforestation tax” as a result of the deforestation made by them concerning the mining areas covered by their mining titles.

USA: Business Structures Available for Foreign Investors

The choice for the appropriate legal structure to transact business in the United States (“U.S.”) depends on a combination of factors relevant to a specific activity or sector, as well as on the needs and goals of the investor.

EKAER Rebooted - Concessions for Multinationals

The Hungarian government just recently finalised the new rules for the controversial EKAER system.

Cyprus and Bahrain Signed a Treaty for the Avoidance of Double Taxation on Income and on Capital

The Cyprus Ministry of Finance officially announced on 09 March 2015 that the Republic of Cyprus and the Kingdom of Bahrain signed a Treaty for the Avoidance of Double Taxation on Income and on Capital.

Setting Up a Cyprus Company

A Cyprus company can be registered within two working days provided the pertinent documentation is submitted to the Registrar of Companies.

Tax Evasion: Amended Return Or Voluntary Declaration

It is possible to evade taxes even in the absence of intention. In these cases, an amended tax return is preferable to a voluntary declaration.

In Florida, Couples Should Consider Property Division Before Creating Tax Strategies

Wealthy Florida residents who are married or planning to get married might want to consider creating a prenuptial or postnuptial agreement before they consult their financial advisor to plan their tax strategy for the coming years.

The Hidden Treasure - Many Software Developers do not Exploit their Tax Benefits

Software developer companies fall under a very favourable corporate income taxation in Hungary. Moreover, their income is local business tax exempt. Surprisingly, however, most of such companies are not aware of their beneficial status, losing billions of forints as a consequence.

Your Business in Ukraine: New Perspectives for the Private Sector

It's not a secret that Ukraine is still one of the market dark horses in context of entrepreneurship. Not many of large companies venture to base their businesses here despite of the wide range of potentially profitable areas for investment. The events of winter and spring of 2014 scared even those who worked steadily for our economy for years. However, now due to the current European course, there are good prospects for the climate improvement in this area

Cyprus Tonnage Tax Scheme for Ship Owners, Managers and Charterers

Cyprus features the most efficient tonnage tax scheme in the EU, approved by the European Commission.

Tax Dispute in Germany: Ways of Putting Up a Fight Against the Tax Authorities

Legal action can be taken even against the assessment notice of a tax office. Those who get involved in a tax dispute normally require plenty of stamina and competent legal representation.

What Benefits Is My Same-Sex Spouse or Domestic Partner Entitled to?

  By HG.org
Due to a number of important Supreme Court decisions in the 21st century, married same-sex spouses are entitled to a number of benefits that were previously outside their reach. While domestic partners may be entitled to some benefits, married spouses are typically eligible for more benefits. Marriage is a factor in many federal benefits.

Spain to Reduce the Non-Resident Income Tax Rate in 2015

Beginning in 2015, the general rate will be 24% instead of the current rate of 24.75%.

Residence Permit in Albania

Foreigners who wish to reside in Albania on a long-term basis (in any case more than three months within each six-month period) are issued a residence permit.

Tax Implications Depending on Immigration Status

Tax implications on certain immigrants and non-immigrants.

The Family Grows Bigger - The Definition of Related Parties Expands

The recently adopted tax law changes significantly expand the definition of related parties. As of 2015 not only those companies will qualify as related parties which are connected in their ownership chain, but also those with an overlap in their management. As a result, the number of transactions where parties have to apply arm’s length pricing will increase. The new definition may, however, cause uncertainties as well.

Last Call for Non Resident Tax in Spain

If you own a property in Spain and you are non resident at tax purposes here, you are obliged to present and pay the Non Resident Tax Return, which must be filed and presented before the 31st of December each year.

Business Taxes, Payroll Taxes and Trust Fund Recovery Penalty

When the business faces a cash flow problem, many business owners use the payroll taxes collected but not yet turned over to the IRS.

Tax Evasion: Risk of Discovery Increases – Amended Tax Return as a Way Out

It is becoming increasingly difficult for tax evaders to remain undetected due to the automatic exchange of information between EU member states, particularly as Switzerland has signalled its willingness to cooperate.

Unpaid Income Tax Establishes Liability of the Managing Director of a German Limited Liability Company

In terms of the overall responsibility, a managing director is also liable for the income tax of employed workers that is not paid to the tax office.

Amended Tax Return: North Rhine-Westphalia Wants to Continue Purchasing CDs on Tax Evaders

North Rhine-Westphalia’s (NRW) Minister of Finance, Walter Borjans, announced in the Rheinischen Post Online that NRW will continue purchasing CDs with data on suspected tax evaders.

Tax Evasion: Number Of Amended Tax Returns Has Doubled in Germany

The number of amended tax returns in cases of tax evasion continues to rise. According to media reports, it doubled in the first half of the year 2014 compared with the same period of the previous year.

Tax Evasion: Exercise Caution in the Event of Illicit Earnings in Estate

In the case of inheritance, there is a risk of becoming guilty of tax evasion, particularly if the estate could include illicit earnings.

The Latest Tax Amnesty in Turkey: Law No 6552

Turkish parliament has enecated the Law No: 6552 that has been promulgated as of September 11, 2014 and provides restructuring for unpaid tax debts and administrative penalties.

Tax Evasion: Return to Legality via Amended Tax Return

Tax evasion has represented a lucrative, albeit criminal, business not only for tax evaders but also some banks. An amended tax return can present a path to legality.

Tax Evasion: Remain Unpunished By Submitting An Amended Tax Return - Germany

Tax evasion is a criminal offence which not only entails heavy financial penalties, but also custodial sentences. By submitting an amended tax return, you can obtain an exemption from punishment.

Particularities of Inheriting and Bequeathing in Cases Involving a Foreign Element

All states have their own inheritance laws. In succession cases involving a foreign element, the question arises as to which inheritance law is applicable. In many cases, this is a complex matter.

Inheritance Tax: Are Tax Concessions for Businesses Toppling?

The German Federal Constitutional Court (Bundesverfassungsgericht) is currently dealing with inheritance and gift tax. The focus is the question of whether tax benefits for businesses are justified.

Illicit Earnings In Estate: Heirs Must Be Careful – Voluntary Declaration

Nasty surprises can be a risk in the case of inheritance, particularly if an estate includes untaxed illicit earnings. Heirs must be careful.

2014 Amendments to the Malta Retirement Programme Rules

Legal Notice 269 of 2014 has amended the Malta Retirement Programme Rules which were originally promulgated in 2012.

Malta Residence Programme Rules 2014

By virtue of two legal notices published on the 8th of July, the High Net Worth Individuals Rules (HNWI Rules) have now been amended to reflect the Global Residence Programme threshold, both in terms of tax and property value (be it purchase or lease), and a new special tax status is presented.

Saving On Inheritance Tax

In the event of inheritance, the state generally cashes in on inheritance tax, yet money can also be saved with respect to this tax.

Romanian Tax Designated Inactive Companies

Recently, on 18 July 2014 Order no. 1847 was issued by the President of the National Agency for Fiscal Administration to cover the approval of the application and the forms to be used by inactive taxpayers.

Cyprus Holding Companies

Cyprus provides an established, stable and solid legislative framework under which Cyprus companies can be formed for intermediary or ultimate holding purposes within corporate groups, in project finance, cross-border transactions or even investment management contexts.

Good News for Cayman Domiciled Private Equity Funds - Introduction of New ELP Law

  By Loeb Smith
The Cayman Islands (“Cayman”) continue to be the leading offshore jurisdiction for the establishment of both hedge funds and private equity funds. Typically, private equity funds are structured in Cayman as exempted limited partnerships (“ELPs”) and the introduction of the Exempted Limited Partnership Law, 2014 (the “New ELP Law”), which came into force on 2nd July 2014, will enhance the attractiveness of Cayman as the leading offshore jurisdiction for private equity funds.

China Taxation - New VAT Rate For Biological Products

  By MMLC Group
This article looks at the reasons behind the newly announced reduction in VAT for biological products by the Chinese government.

FATCA - Malta on the Way to Implementing its IGA

Following the signature of the intergovernmental agreement (“IGA”) between Malta and the US on the 16th December, 2013 whereby the latter agreed to implement Foreign Account Tax Compliance provisions (commonly known as FATCA) in Malta, the Inland Revenue Department (“IRD”) has issued draft FATCA Regulations and Guidelines implementing the said intergovernmental agreement.

Willfulness and the Civil FBAR Penalty

  By Brown, PC
In 2008, when it was revealed that wealthy individuals around the world were utilizing accounts and trusts in Liechtenstein to evade taxes, the United States initiated a coordinated effort with foreign governments to combat tax evasion through the use of offshore trusts and accounts. The U.S. Department of Justice (DOJ) has since launched criminal investigations of several foreign banks, many of which are ongoing.

Taxation trends in the European Union in 2014

The Statistical Office of the European Union (Eurostat) and the European Commission's Directorate-General for Taxation and Customs Union has issued a detailed statistical and economic analysis of the tax systems of the Member States of the European Union, which presents an overview of the tax system in each of the 30 countries covered (EU countries, Iceland and Norway), the revenue trends and the main recent policy changes.

Liability of the Shareholder for Public Debts under Turkish Law

Tax Liability in Joint Stock (“Anonim Şirket”) Companies As it has been known, administration and representation of joint stock companies are carried out by board of directors of the company.

IRS Changing Terms for Offshore Account Holders

  By Brown, PC
U.S. taxpayers hiding assets abroad should take note of the Internal Revenue Service’s plan to sharply increase penalties for such acts, while those who unintentionally fail to disclose offshore accounts will experience much more leniency.

Part-Time Self-Employed Tax Submission in Malta

The form for the submission for tax purposes of part-time, self-employed individuals has been amended by virtue of Legal Notice 186 of 2014 [Part-Time (Forms of Self-Employed) (Amendment) Rules, 2014], therefore replacing the previous form in toto.

Tax on Legal Corporations in Costa Rica

Corporation taxes came into force on April 2012, which applies to all legal entities that are duly registered in the Costa Rican Public Registry (e.g. “S.A.”, “LTDA”, among others), as well for those corporations that are in the process of being registered or that will be registered in the future.

Extra! Extra! Read All About It! IRS Commissioner Announces That Changes Are In the Offing For OVDP 2012

On June 3, 2014 the new IRS Commissioner, John A. Koskinen, gave a speech before the International Business - OECD International Tax Conference. His speech covered the history of the offshore enforcement initiative since the UBS debacle in 2009. His remarks acknowledge what most professionals in the tax community have recognized since the inception: that OVDP needs more tweaking in order to meet the overall goals of enforcement and fairness.

U.S. District Court Upholds Multiple Willful FBAR Penalties Against Taxpayer

  By Brown, PC
In a case that has raised eyebrows in the tax community, a jury in the Southern District of Florida has sustained the IRS’s assessment of multiple willful FBAR penalties against an American business man and bank director.

Alphabet Soup for Installment Agreements

What is an installment agreement? An installment agreement is an option for those who cannot pay their entire tax bills by the due date. It allows taxpayers to pay the amount due over a period of time

US Persons with Secret Bank Accounts in Switzerland

In case you have a secret account in Switzerland with a Swiss bank, if you are a US person, if you have received a letter from a Swiss bank demanding to waive your rights to have bank secrecy, is a good idea if you start to act proactively. You can qualify for the OVDP or you file a late FBAR. It is worth to analyse this complex topic on a case-by-case basis.

U.S. to Ease Initial Enforcement of FATCA (Foreign Account Tax Compliance Act)

  By Brown, PC
With FATCA set to take effect on July 1, financial institutions around the world have been lobbying to delay implementation of the law, citing concerns about costs and potential disruptions to global markets.

The Shifting Landscape of the OVDP Opt-Out

  By Brown, PC
Since the IRS announced the 2009 Offshore Voluntary Disclosure Program (OVDP) over five years ago, our firm has been assisting taxpayers submit accurate and complete disclosures in accordance with the program guidelines and procedures. The evolution of the OVDP through the 2011 and 2012 programs has brought a longer look-back period, steeper penalties, and more insight into IRS positions and procedures at different points in the program.

FBAR and FATCA – Two Abbreviations That Can Wrap You Around the IRS Axle

FBAR and FATCA are two important abbreviations for those who have overseas financial interests. Failure to file the FBAR report, in view of the IRS’s continuing application of FATCA, can get you into what old military veterans used to call FUBAR.

Deconstructing the “Act of Production” Doctrine

Tax cases are document-intensive cases. As any white-collar criminal defense attorney knows all too well, summonses and grand jury subpoenas routinely seek documents. And there is a good reason why. If the government cannot get the requested documents, it often cannot make a case. It is for this reason that the seminal issue in document production cases is whether the taxpayer has a Fifth Amendment privilege with respect to documents that he possesses.

The Rules Governing Taxation of Foreign Nationals

Below are the rules governing taxation of foreign nationals.

Starting a Business in Azerbaijan

Some of the legal issues that a person starting business in Azerbaijan would need to consider. This article covers corporate registration, tax and employment aspects of starting and operating business in Azerbaijan.

Company Formation in Albania - Business Licensing

Foreign nationals are entitled to take up economic activities in Albania as self-employed persons, and to set up undertakings, in particular companies, which they effectively control. Foreign companies can also do business in Albania through setting up subsidiaries and branches.

Newest Legal and Tax Implications When Purchasing Real Estate in Spain

In real estate transactions in Spain it still happens more often than not that acquired objects or extensions have to be dismantled because renovations or extensions were not properly authorised or the authorisation was not registered with the different agencies involved. Subsequent permits are possible in some cases, but they do require a special process and incur substantial expenses.

Fraud Technical Advisors: An End-Run Around Tweel?

United States v. Tweel is the most famous example of a motion to suppress in a tax case. In Tweel, the Fifth Circuit Court of Appeals held that it constitutes trickery, fraud, and deceit for the IRS to conduct a criminal investigation under the guise of a civil examination. Because of how fact-sensitive the holding of this case is, a recitation of the facts is necessary.

Cyprus Investment Firm (CIF)

A Cyprus Investment Firm (CIF) is one of the most useful tools in the European Union (and Internationally) if you intend to provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.

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