CORPORATE & FIDUCIARY

  Find out how Asia Outbound can introduce you to new intermediaries for your project or services.           By GUEST COLUMNIST    The government has announced its new action plan for attracting foreign businesses to establish or expand their activities in Cyprus.   The announcement came a year after the abolition of the previous investment program in the wake of adverse publicity that put Cyprus in the spotlight for the way it granted citizenship.   The new strategy, to be implemented from January 1, 2022, aims to attract foreign businesses and stimulate economic activity by promoting foreign investment.  ...

IMMIGRATION BY INVESTMENT NEWS 2021

Find out how Asia Outbound can introduce you to new intermediaries for your project or services.         Global minimum tax could hurt low-tax emerging markets   By: James Langton     The recent agreement to set a global minimum corporate tax rate of 15% will reduce the appeal of shifting operations to certain low-tax jurisdictions for multinational corporations, says Moody’s Investors Service.   This, in turn, may hurt countries that have used low tax rates to lure business.   “If successfully implemented, the global minimum corporate tax rate will be mildly credited negative for sovereigns that have used tax policy as a...

CORPORATE & FIDUCIARY NEWS 2021

              By Patrick McCarthy     Since October 31, 2019, investors have not been able to apply for the Canadian Province of Quebec’s popular Immigrant Investor Program (QIIP).  When that intake period closed, the Province indicated that they wanted a chance to review the program and ensure that it was continuing to meet the Province’s immigration objectives.   Earlier this year, that suspension was extended to a maximum of April 1, 2023.  This date, the Province promised, was a maximum.  In a meeting with industry stakeholders on March 30, senior government officials explained that...

IMMIGRATION BY INVESTMENT SPONSORED CONTENT 2021

  Find out how Asia Outbound can introduce you to new intermediaries for your project or services.       By Bruce Zagaris   As the G7 meetings concluded in Cornwall, England, one outcome was an agreement on a global minimum tax. This initiative will further squeeze the Caribbean just as it is struggling to recover from the harm the COVID-19 pandemic wreaked on tourism, the region’s main economic sector.   May 20, 2021, represented somewhat of a turning point in this regard. The United States Department of the Treasury proposed a 15 percent rate as a starting point for the Organization of Economic...

CORPORATE & FIDUCIARY NEWS 2021

    Find out how Asia Outbound can introduce you to new intermediaries for your project or services.       By Hamish Boland-Rudder   The deal has been praised as a historic step in ending the ‘race-to-the-bottom between tax havens but will need international backing to move forward.   A group of the world’s most economically advanced nations has agreed on landmark new reforms to crack down on cross-border tax avoidance that would force multinational corporations like Google and Apple to pay taxes in the countries where they operate, rather than in tax havens where they choose to shift their profits....

CORPORATE & FIDUCIARY NEWS 2021

Find out how Asia Outbound can introduce you to new intermediaries for your project or services.         By TOM CAMPBELL    On April 5, Treasury Secretary Janet Yellin proposed that the world’s large economies should all agree that business taxes should not go below a certain level.   Otherwise, she said, the “30-year race to the bottom” would continue. Yellin also called for a consensus on how countries would divide up the right to tax companies that do business across many countries’ borders.   The Yellin initiative has a third component as well—to eliminate the more egregious tax haven...

CORPORATE & FIDUCIARY NEWS 2021