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Gregory Smyth's Articles in Taxes Show All|Display Category|Title|Newest|Oldest How To Lower Corporate Taxes By Choosing Your Jurisdiction Many businesses do not realize that there is nothing illegal, and not even anything unethical, about choosing a different jurisdiction to do their banking in. Choosing a jurisdiction that best suits you only rewards those that put the most effort in. We look at what business consultancy services say about choosing the best jurisdiction for your tax strategy. Five Things You Need To Know Before Opening An Offshore Bank Account Offshore bank accounts have been used for decades to help canny businesses to reduce their tax burden, hedge their financial bets, and operate with greater privacy. There are both positives and negatives to opening an offshore bank account - here is what your business consultancy management team should tell you about corporate offshore banking. Laws Regarding Capital Losses In Thailand The Thai Revenue Department is currently developing laws to make sure that capital losses that are deducted on income tax return are legitimate. Thailand lawyers are now trying to decipher the impact on businesses, and thai law consulting firms and accountants must now ensure that their clients have legitimate intentions in selling assets at a loss. The Benefits Of Offshore Banking Offshore banking is now connected immediately in people's minds, thanks to Hollywood movies, as something that you only do if you are trying to break the law. However, offshore banking in countries like Singapore, Switzerland, the Channel Islands and Bermuda can save substantial amounts of money, for individuals and businesses, and offshore banking advisors can help immeasurably. Hong Kong Urged to Reduce Corporate Taxes Throughout the past decade, the Hong Kong government has maintained a low Hong Kong corporation tax rate, for minimizing the influence taxation has on business in general. Early in the decade, the government slashed the Hong Kong corporation tax rate slightly. However, the Hong Kong corporation tax rate has now been increased again in an effort to bolster public finances. Comprehensive Tax Exemption Scheme in Singapore A Hong Kong-based financial consultancy reports on its website that, with economic uncertainties looming, the Singapore government has established a plan that will reduce the tax burden for Singapore start-up firms. As global economic uncertainties surge, a comprehensive Singapore tax exemption scheme has been developed to increase the fortunes of Singapore start-up firms. Room For Further Tax Cutting In Hong Kong Hong Kong's top financial officials have put forward some amendments aimed at bringing back wealth to people, including tax cuts and other compromises. The package of measures and compromises are offered to help the disadvantaged, improve Hong Kong's economical stability and guarantee lasting development. China Tax Update - New Corporate Tax Laws Take Effect A new Corporate Income Tax Law ("CIT Law") was passed by China's legislature, the National People's Congress. The new law was launched on March 16, 2007 and it takes out many of the tax incentives that had specifically been provided to foreign invested manufacturing companies.	Find Great Deals and Discounts in our New online store Sign Up to submit your articles Submit your Website to our NEW Directory for FREE Join Our Newsletter Submit Articles Member Login Top Authors Most Popular Articles Submission Guidelines Article RSS Feeds About Us Link to Us Contact Us Privacy Policy Terms of Service

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