 |
|
|
 |
|
|
|
|
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
| Global Incorporation
Guide [GIG]: A BSI / Lowtax Network international business smart
tool. |
|
|
| Cypriot Tax Regime Most Attractive In Europe |
by Ulrika Lomas, Tax-News.com, Brussels
24 February 2009
Cyprus has the most attractive tax regime in Europe,
finds a recent KPMG poll of businesses across Europe.
Cyprus was rated as the most attractive tax regime
(with the net attractiveness score of 90%), followed by Ireland, Switzerland
and Malta. The net attractiveness score for Estonia was 71% and for Finland,
rated number six, the net score was 66%. "As can be seen from the final
ranking, smaller countries tend to have more attractive tax environments. In
those countries, the state is more motivated to create a simple and efficiently
managed tax system to attract investors", commented Joel Zernask, Tax Manager at KPMG Baltics AS.
The names
of such large member-states of the European Union as the UK, France, Poland,
Spain, Germany and Italy can be found in the lower part of the ranking table
having received more negative scores than positive ones. The least attractive
tax regime was that of Greece with the net attractiveness score as small as
14%.
According to Joel Zernask, the results of the survey indicate clearly that
a low tax rate alone does not play a decisive role in making a tax regime attractive
to businesses when the country's tax legislation is complex and unstable. For
example, based on the opinions of local companies, Latvia and Lithuania were
ranked only 16th and 17th although tax rates in those countries are lower than
in most of other EU member states.
KPMG interviewed more than 400 tax professionals from companies across Europe.
The survey also showed that businesses across Europe consider unattractive tax
regimes as a serious hindrance to a company’s competitiveness in the EU
market.
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
