Valsen Corporate

EU, Ukraine Trade Agreement In Force

The EU-Ukraine Association Agreement (AA), which includes a Deep and Comprehensive Free Trade Area (DCFTA), entered fully into force on September 1, after a period of provisional application. The DCFTA provides for the mutual opening of markets for goods and services, although the EU reduces and abolishes duties at a faster rate. Ukraine will gradually […]

BNP Paribas Bank to pay £35m in tax avoidance

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 […]