#2. Transparency Elixir: OECD Exploring Alchemy

For the owners of foreign companies 2015 became crucial. President Vladimir Putin’s statement on the need to pay taxes from offshore companies slowly, but steadily comes true, and now the country is going through the so-called transition period, when everyone learns to live and pay taxes according to new rules.

For many years Cyprus has been and still is an almost single-option jurisdiction for international tax planning for Russian business. There are many reasons for this, starting with highly favorable tax system and ending with affordable prices for the establishment and maintenance of business of legal entities.

Russian business is a young substance, which had to come through a lot even over this short period. The time has proved that a Russian entrepreneur, who survived in the early 90s, and came through 1998 and 2008, is prepared for anything and knows like no other that the only constant thing is changes.

This article continues the series of publications about the system of taxation with value-added tax in the European Union. In most cases VAT evasion schemes exploit the privilege stipulated by law for transactions concerning cross-border supply of goods when goods are transported from one state of the European Union to the other.

Swiss real estate for private use has been en vogue for some time now. Many foreign passport holders who move to Switzerland are interested in acquiring property and others their own holiday homes for private use. There are regulatory changes planned at the federal level and the potential impact is at this stage still uncertain.

The dramatic recent developments in the Swiss banking sector seem to point in only one direction: south. The financial crisis in 2007–2008 took its toll on Switzerland, with the number of banks decreasing from 331 in 2006 to 275 in 2014.

Management of risks typical of M&A transactions (mergers and acquisitions) can be easily structured according to stages of this business operation. There are three main stages of the M&A project, among which are due diligence, negotiation and execution of the company sale.

Dynamic business development amid active globalization forces entrepreneurs and modern market players to pay attention to institutions of law used in international practice, including in common law systems. Trust institution is one of such institutions.