BNP Paribas Bank in France lost a case where it has to pay back £35m tax in the UK. HMRC claimed the bank tried to use a tax avoidance scheme involving share dividends using a scheme known as “dividend stripping”. BNP Paribas paid the full amount of tax before the tribunal was heard which dealt with a […]
Caribbean Offshore Financial Centers Hit Hard By Hurricane Irma
Hurricane Irma has caused more than $10bn in damage across the Caribbean offshore financial centers this week according to disaster risk experts on Friday. Airports are closed and cruise ships have canceled voyages. St Kitts and Puerto Rico, have also faced extreme weather, however not as badly affected as the rest of the region Hurricane […]
What to Consider When Choosing a Company Structure
When starting a business, one of the most important decisions owners must make is in choosing a legal company structure. The structure will affect a number of things about the company structure, including how it will be run and taxed; whether it will be recognized as a legal entity separate from its owners. Entrepreneurs must, […]
How to Reduce Your Taxes Using Intellectual Property Rights
Intellectual property rights account for a growing share of a firm’s assets. It is more mobile than other forms of capital and could be used by firms to shift income offshore and to reduce their corporate income tax liability. We consider how influential corporate income taxes are in determining where firms choose to legally own […]
How to Set Up a Virtual Office
As a small business owner, we know all too well the challenges one may face with trying to keep business operational costs at a minimum while maintaining a professional image. When we started consulting business in 2014, we searched for ways to keep the costs associated with running a business as minimal as possible. To […]
Why you still need an international Structure to protect your wealth offshore
The importance of asset protection in 2016 is understated. There are many reasons for securing and protecting your wealth offshore – here are five of them: 1. Uncertain economy and politics The stock market crashes, the oil crisis, the terrorist attacks, the riots, the rigged job data, the political drama… no matter how hard you […]