UK: Estate agents lose out on £998m in fees in 2021 as more transactions fall through
From James Lockett ProperPR Property purchasing specialist, HBB Solutions, has revealed the eye-watering sums of money that estate agents are losing out on in a single year due to the number of sales that fall through before completion. The research shows…
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China counts on tax cuts to buoy business in tough economic times ahead
By Jane Cai From South China Morning Post As growth slows and the trade war bites, Beijing aims to reduce levies on key sectors such as manufacturing to keep people employed and ensure social stability Chinese Premier Li Keqiang delivered…
Bahamas PM uses Haiti unrest to explain VAT hike
By Travis Cartwright-Carroll Nassau Guardian From Caribbean News Now NASSAU, Bahamas — As he defended his administration’s increase in value-added tax (VAT) from 7.5 percent to 12 percent, Bahamas Prime Minister Dr Hubert Minnis pointed to recent riots in Haiti…
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Cayman Islands offers YET registration
By BRYONY MCCABE From Superyacht News The scheme enables Cayman-flagged private yachts to charter for a for a limited time per year in France… The Cayman Islands Shipping Registry (CISR) has announced the procedure that is to be followed by…
Software Developer: Tax woe drove us to Cayman Islands
By NEIL HARTNELL From Tribune242 A Bahamian software developer yesterday revealed he was forced to domicile in the Cayman Islands to prevent VAT and Business License fees “killing” his competitiveness. Bruce Raine, International Private Banking Systems (IPBS) principal, told Tribune…
Desert Tax Haven draws moviemakers to China’s far west
By Lin Qiqing From Sixth Tone Generous tax holidays bring film and media companies to remote border city. A small Chinese city on the border with Kazakhstan has surprisingly shot to stardom among Chinese moviemakers. Dubbed China’s Cayman Islands, Khorgos Economic…
Lanarkshire couple funded luxury holidays to Cayman Islands and Las Vegas and drove Range Rovers after dodging almost £1m in tax
By David Meikle From The Scottish Sun TAX DODGERS JAILED -Michael Howard, 44 and his wife Donna, 43, ran a security systems business and enjoyed a multi-million pound turnover A COUPLE who funded their extravagant lifestyle by dodging almost £1million…
Bahamas Squandering ‘Caribbean’s Best Vat’
By NATARIO McKENZIE Tribune Business Reporter From Tribune 242 Royal Bank of Canada’s (RBC) chief regional economist yesterday accused the Bahamas of squandering the Caribbean’s “most successful Value-Added Tax” by failing to act in a fiscally prudent manner. Marla Dukharan,…
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Trinidad: Journalist Fined $20,000
From Caribbean News Service PORT OF SPAIN, Trinidad, Dec 21 2016 – Magistrate Christine Charles has imposed a TT$20,000 fine on a newspaper journalist who pleaded guilty last week to unlawfully benefiting from a contract awarded to his company under…
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Tourism Matters: A win-win scenario
By Adrian Loveridge From Caribbean News Now Officially Restaurant Week Barbados was rolled out by the Barbados Tourism Marketing Inc. recently, which actually runs from 22nd October until 5th November, leading up to this year’s rebranded Food and Rum Festival….
