Capital city: Manama Currency: Bahraini Dina (BHD) Population: 1,425,171 Language: Arabic GDP: …
A granny flat is a self-contained secondary dwelling built on a residential property. Granny flats must be self-contained with their own kitchen, bathroom, and living space. The cost of building a granny flat ranges from $60,000 to $150,000 with $100,000 an approximate average. Granny flats are great for older parents, university students, children moving out…
In 2006 the United States legislated the Unlawful Internet Gambling Enforcement Act which criminalised the operations of offshore gambling operators which take wagers from American-based gamblers. This was a violation of the GATS treaty obligations enforced by the World Trade Organisation (WTO) and allowed Antigua to retaliate and disregard intellectual property obligations to the US.…
Language training courses designed to teach English or explain Australian citizenship and lifestyle to a person who is, or intends to become, an immigrant of Australia are tax deductible to the employer and FBT exempt. The travel costs incurred are also exempt. To qualify for the exemption the following conditions must be satisfied: The benefit…
Capital city: The Valley Currency: East Caribbean dollar (XCD) Population: 14,764 Language: English GDP: …
Capital city: Andorra la Vella Currency: Euro (EUR) Population: 77,281 Language: Catalan GDP: …
This strategy is about using your private vehicle to operate an Uber business and make additional income (whilst at the same time making your private vehicle expenses tax deductible). Deductible Uber business expenses include: Fuel Registration Insurance Repairs, tyres and maintenance costs. Depreciation on the car purchase cost. Car purchase cost (if less than $20,000)…
Fugitives often use tax havens as a refuge when fleeing from jail, government arrest, government or non-government questioning, vigilante violence, or outraged private individuals. When hiding from law enforcement agencies taking refuge in a different country makes sense. Tax haven countries can be attractive to fugitives as they: Are easy to enter and gain residency. Have…
Corruption is a form of dishonest or unethical conduct by a person entrusted with a position of authority, often to acquire personal benefit. Government or political corruption occurs when an office-holder or other governmental employee acts in an official capacity for personal gain. Corruption creates the opportunity for increased inequality, reduces productivity, growth, investment and…
The recent Panama Papers leak revealed how the global elite use offshore companies in tax havens to send money abroad to keep it away from their future exes. These high-flyers are seeking to make sure their soon-to-be ex-wives and husbands don’t obtain half of their fortunes after a breakup. Spouses in divorce proceedings often use…
Similar posts you may like
- Domicile Hedge Funds
Eighty percent of the world’s hedge funds worth US$800 billion are domiciled in the Cayman Islands. Hedge funds have been attracted to the Cayman Read more
- Mauritius
Capital city: Port Louis Currency: Martian Read more
- Tax Planning Strategy 166 | Exempt Childcare Benefits
Childcare expenses are not tax deductible to employees as they are considered private in nature. If provided by an employer they are subject to Read more
- Tax Planning Strategy 163 | Salary Packaging Business Assets to Double Dip
This tax strategy allows an employee, who is also separately carrying on a business as a sole trader, to claim depreciation on the Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2