Cyprus is the leading country in the EU regulating the Forex market due
to its numerous tax advantages, low set up and operational expenses
along with the “passport effect” to offer services in all EU countries.
Read more on Index2Day.
Wednesday, 11 December 2013
Thursday, 5 December 2013
The Best EU Investment Fund Jurisdiction | Cyprus Funds | Index2Day
A month after India's Department of Revenue notified Cyprus as a notified jurisdictional area (NJA) for not sharing information about tax dodgers, the Island has agreed to exchange information and amend the tax treaty between the two.
Read more on Index2Day.
Read more on Index2Day.
Cyprus | India New Tax Agreement | Information Exchange Provision | Index2Day
A month after India's Department of Revenue notified Cyprus as a notified jurisdictional area (NJA) for not sharing information about tax dodgers, the Island has agreed to exchange information and amend the tax treaty between the two.
Read more on Index2Day.
Read more on Index2Day.
Friday, 29 November 2013
Cyprus steps out to defend its tax regime | Index2Day
Cyprus, along with Luxembourg, British Virgin Islands and the Seychelles have been rated "non-compliant" with international tax transparency norms.
The OECD raised concerns on Cyprus failure to respond to tax information requests. Another concern the OECD has is that only about 23 percent of Cyprus-based corporations filed income tax returns with the government between 2008 and 2012. The low number of filings may have accounted for a lack of government oversight and resulted in Cyprus not exchanging up-to-date tax information with other jurisdictions, the report said.
Read more on Index2Day
The OECD raised concerns on Cyprus failure to respond to tax information requests. Another concern the OECD has is that only about 23 percent of Cyprus-based corporations filed income tax returns with the government between 2008 and 2012. The low number of filings may have accounted for a lack of government oversight and resulted in Cyprus not exchanging up-to-date tax information with other jurisdictions, the report said.
Read more on Index2Day
Wednesday, 27 November 2013
Amendments Proposed for EU Parent-Subsidiary Directive | Index2Day
On Monday, 25 November, the European Commission proposed changes to EU corporate tax law that would be intended to address tax avoidance in Europe.
According to the European Commission official press release, the Commission wants to close loopholes being used for a particular tax planning arrangement (hybrid loan arrangements) and to introduce a general anti-abuse rule the Directive is not exploited by tax avoiders.Read the full article on Index2Day.
Tuesday, 5 November 2013
Eurozone Banking Sector has Changed | Index2Day
Smaller, less leveraged and more concentrated is the Eurozone banking sector in relation to the pre-crisis data, according to a survey by the European Central Bank on the structural changes that have occurred in the period 2008-2012. Read more on Index2Day.
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