...t about the upcoming year and the new tax rules? The Chinese government still supports technology, therefore the Ministry of Finance announced a new period for these benefits. The underlying idea of Chinese tax exemption is the **reduction of the corporate tax** to 15%. It works in 21 different cities and, as was mentioned above, is preferential only for high-tech firms. The news is that this r...

Pedro Sánchez, Spain’s new prime minister, in his speech before parliament has promised to make **changes to the rules of corporate tax and establish a new minimum of an effective tax rate and increase public spending**. Mr. Sánchez stated that his government would seek to “redesign” corporate tax to ensure that **the effective rate of large corporations is close to the headline r...

...de. Moreover, the EU now considers Bermuda as a “non-cooperative” tax jurisdiction. This means that **2018\19 plans are very challenging for the Bermuda government**. They will have to deal with potential economical threats, like the US lowering corporate taxes, as well as implementing new rules and bringing jurisdiction’s economy to a higher grade. Wondering where to relocate your busine...

...his jurisdiction lately. For Hong Kong economy to stay competitive and flexible at the same time, it is vital to **rework tax structure** and change the approach. Nowadays, Hong Kong government receives the most revenue from real estate tax and corporate tax. These figures are 28 and 30 percent respectively, which is relatively high compared to other jurisdictions. These taxes are hard to bea...

... UK or the USA and in offshore territories - where property, capital gains, dividend and other taxes are very low. Furthermore, Bahamas, Isle of Man, Bermuda, Bahrain and the Cayman Islands don’t have any corporation taxes at all. In contract, the corporate tax in countries with advanced economies is exceedingly high. Setting up an offshore or an international business company (IBC) is convenie...