A Review of The Tax Cuts and Jobs Acts of 2017 in the Lull Before the Biden Administration’s Promised Redux

A. Introduction – An Overview of the TCJA of 2017 On December 20, 2017, the U.S House of Representatives and. Senate passed H.R. 1, “[a]n Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018” (referred to hereinafter as the “Tax Cuts and Jobs… Read More

Protection of Assets or Tax Evasion? Recent Trends of Russian Court Practice in Light of the De-Offshorisation Policy

The de-offshorisation of the Russian economy that started in 2014, introduced a new reality for Russian business, which requires adaptation by way of revising business structuring schemes that have been used for years. Within the framework of the battle against tax evasion, the government is establishing new rules aimed at the prevention of profit related… Read More

Croatia: Tax Reform to Promote Economic Goals

As the Croatian Government announced tax reform and sent several amendments of the tax legislation to the Parliament procedure, it is likely that 2017 will bring significant changes to the Croatian tax system[1]. The two main objectives of the reforms are: increasing the sustainability of the general state debt and promotion of growth and employment… Read More

The Automatic Exchange of Financial Information in Bulgarian Context - the Reach

I. Introduction In 2015 Bulgaria introduced in its Tax and Social Security Procedure Code (“TSSPC”) a system implementing the regionally and globally harmonized rules on automatic exchange of financial information in the field of taxation. The participating jurisdictions are the European Union member states under Directive 2014/107/EC amending Directive 2011/16/EU as regards mandatory automatic exchange… Read More

Malta – an Island of Opportunities

1. Corporate Vehicles Over the years, Malta has developed a strong reputation as a financial services centre offering an attractive and competitive environment for operators looking to set-up a business or invest in a European Union compliant jurisdiction. The benefits of selecting Malta are numerous, including a quick and efficient incorporation process, comparatively low running… Read More

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