July 15, 2015
Refunds of value added tax (VAT) incurred in connection with the export of goods[1] has lately become a pressing issue. Despite the fact that tax legislation clearly sets out the procedure for refunding excess VAT, in reality taxpayers encounter a number of obstacles. This article focuses on excess VAT accumulated during exploration prior to the…
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July 13, 2015
A strong economy requires, amongst other things, the use of a diverse range of business models. Once an under-used business model, the employee trust model of ownership has received a boost in recent years with support from the UK Government, including the introduction of new tax exemptions. The growth of employee ownership Employee benefit trusts…
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July 9, 2015
Panama is a country located in the center of the Americas, with a republican, democratic and participatory political system, based on principles of rule of law and free enterprise. It has an extraordinary hotel and tourism infrastructure, as well as an international financial center, which together allow the satisfaction of anyone visiting our country. Its…
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July 6, 2015
1. The Socimi Regime SOCIMIs (Sociedad Anónima Cotizada de Inversión en el Mercado Inmobiliario) are Spanish collective real estate investment vehicles that enjoy a privileged tax regime, provided that certain legislative requirements are met. The law governing SOCIMIs (the “SOCIMI Law”) was passed in 2009 but created a more restrictive and unattractive legal and tax…
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July 2, 2015
One of the most technically interesting tax changes announced in the Federal Budget in May 2015 was the proposed imposition of goods and services (GST) at 10% on offshore intangible supplies to Australian consumers, termed the “Netflix tax”, so called after the announcement by Netflix in November 2014 that it proposed to enter the Australian…
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