Roydon Snelgar

Choosing a Tax Haven – Reputation

30 October 2018

  For many companies, their greatest asset is their good name or reputation. The main benefits of a good corporate reputation are: The customer’s preference in doing business with you (when competitors can provide similar goods and services at a similar cost and quality).  The ability to charge a premium for products and services. Stakeholder…

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Choosing a Tax Haven – Political Risk

25 October 2018

Political risk is the risk faced by investors and corporations that political decisions, events, or conditions will significantly affect the profitability of a business. This will include macroeconomic and social policies (fiscal, monetary, trade, investment, industrial, income, labour, and developmental), or events related to political instability (terrorism, riots, coups, civil war, and insurrection). Tax havens…

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Australia’s Luxury Car Tax Introduced in 2000

23 October 2018

  The luxury car tax (LCT) is a tax on cars with a GST inclusive value above the LCT threshold. The Australian government introduced the LCT on 1st July 2000 in conjunction with the removal of sales tax and the introduction of the Goods and Services Tax (GST). LCT is imposed at the rate of…

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Tax Savings Strategy 214 – First Home Saver Scheme

18 October 2018

From 1st July 2017, taxpayers can contribute up to $15,000 per year in voluntary contributions (up to $30,000 in total), that can be withdrawn for a first home deposit. The contributions must be made into their superannuation account and be within an individual’s existing contribution caps. The contributions and earnings are both taxed in the…

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Choosing a Tax Haven – Location, Proximity and Accessibility

16 October 2018

When choosing a tax haven, its location, proximity and accessibility can be a deal breaker. Generally, tax havens close to major financial centres, where you live, or do business will be preferred.   The Cayman Islands, for example, is only 725 km from Miami (Florida) and can be accessed by an 80-minute flight. Delaware, for example,…

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The First Carbon Tax was Introduced in Finland in 1990

11 October 2018

A carbon tax is a tax on energy sources that emit carbon. Carbon is present in coal, petroleum, and natural gas and converted to carbon dioxide and other products when combusted. In contrast, wind, sunlight, geothermal, hydropower and nuclear are non-combustion energy sources and do not convert hydrocarbons to CO. The objective of a carbon…

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Choosing a Tax Haven – Legal System

9 October 2018

English law is the preferred governing law for business transactions worldwide, as English law has a well-known, well-developed and reputable jurisprudence. In addition, because of the British Empire, English law is widespread as its former colonies have modelled their legal systems closely on English law. UK tax havens include the 14 British Overseas Territories (including…

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Air-conditioning and Refrigeration Mechanics

4 October 2018

Average weekly pay:           $1,500  Employment size:                26,700   Future growth:                      Moderate        Skill level                                Certificate III or IV  …

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TaxFitness Major Upgrade – October 2018

1 October 2018

  We are pleased to announce that TaxFitness has been upgraded to include new features and functionality. October Release Highlights: Improved usability – A new menu layout and design which makes the software easier to use. New report – Occupation Deductions Report. This report explains the typical, and unusual, tax deductions that apply to the…

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The Enterprise Investment Scheme of 1994

27 September 2018

The Enterprise Investment Scheme (EIS) was launched in 1994 to encourage investments in small unquoted companies carrying on a qualifying trade in the United Kingdom. By their nature, unlisted companies are high risk and have low liquidity, so consequently have difficulty raising capital. The EIS was designed to offer investors tax relief to counterweight those…

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"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"

- Bono: U2