Today, October 17th, three new Tax Information Exchange Agreements subscribed by the Republic of Panama have been formally published in the official gazette (Gaceta Oficial): Denmark, Norway and Sweden.
This Article by Daniel Mitchell, Economist from the Cato Institute, underlines the importance that the preferential tax treatment the US gives foreign investors has in attracting trillions of dollars in foreign investment.
According to this news piece here, Portugal’s Prime Minister Pedro Passos Coelho is proposing to reduce the country’s corporate tax rate to 17% by 2018. Portugal’s corporate tax rate is currently 25%. This is good news of course for Portugal. Bad news maybe for the tax…
I found this analysis very interesting and spot on. It is about the OECD’s latest scheme to increase tax rates and tax collection on everyone, and force non-member jurisdictions to increase their own tax rates or face sanctions. You can read the article here: