Capital city: Vaduz Currency: Swiss franc (CHF) Population: 37,340 (2014) Language: German GDP …
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Small businesses buying art prior to 30th June 2017 with a purchase cost of less than $20,000 (excluding GST) are entitled to a full tax deduction. The art can be enjoyed at the small businesses office, warehouse, farm, or home office. There are no restrictions on the type of art or the number of pieces…
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Capital city: Tallinn Currency: Euro (€) Population: 1.3 m Language: Estonian GDP …
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Tax planning strategy 180 The superannuation proceeds trust strategy involves creating a special type of testamentary trust under a will that is only funded by the deceased’s superannuation death benefits. The beneficiaries are limited to only the deceased’s tax dependents (i.e. spouse and children under 18). The advantage of this strategy is that as all…
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Capital city: George Town Currency: Cayman Islands dollar (KYD) Population: 56,732 Language: English & Cayman Islands English GDP …
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Capital city: Vatican City Currency: Euro (€) Population: 842 Language: Italian GDP …
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Tax planning strategy 165 Subscriptions, joining fees, levies and contributions paid to professional associations may be deductible under s 8-1 and/or s 25-55. Payments to trade and professional associations may be in the form of joining fees, periodic subscriptions or levies and other contributions. Deductions for periodic subscriptions are available under s 8-1 where it…
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Capital city: Kingston Currency: Australian dollar (AUD) Population: 2,210 (2014) Language: English and Norfuk Norfolk Island is a small island in…
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Tax planning strategy 186 A holding company is a parent corporation that owns enough voting shares in another company to control its policies and management. A holding company exists for the sole purpose of controlling one or several other companies. Holding companies also exist for the purpose of owning property such as real estate, patents,…
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Capital city: Luxembourg City Currency: Euro (€) Population: 576,249 (2015) Language: French, German & Luxembourgish GDP …
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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