Recently in Mediterranean Category
Is it any wonder that Gibraltar is a preferred Tax Haven for On-line Gambling companies? Now here's a jurisdiction with a tradition for providing services to whomever rowed ashore. Legend has it that this was the first tax haven, as being a massive ship yard and major port to the British Naval fleet, it was customary for merchant ships returning from India via the Suez Canal laden with gold and gems made from selling opium to the Chinese, to off-load the assets with bankers in Gibraltar before returning to London for inspection by the King's tax man. Hence, the entire concept of "offshore banking" was born in Gibraltar.Two COMPLETE days of seminars - click here to learn more.
Take this opportunity to network with your peers in the beautiful seaside setting in St. Julians on Malta and discuss the issues that impact this special niche of the gaming and gambling industries.
The world's second smallest country and popular tax haven Monaco is to start collating and publishing figures showing it's GDP for the first time. Recognizing that collecting financial information could put off wealthy individuals moving to Monaco, the government has told those businessmen taking part that all information will be kept confidential, and will not be used for fiscal purposes.
Continue reading "Tax Haven Monaco to Start Recording Finance Figures"
Serbia's former justice minister accused Greek Cypriot authorities yesterday of complicity in the illegal transfer of billions of dollars to Cyprus during the 1990s United Nations embargo against Yugoslavia. Vladan Batic told a Nicosia court the Yugoslav government had arranged for "sacks and suitcases full of cash" to be flown from Belgrade to Nicosia and deposited in accounts of "front" companies held by Cyprus Popular Bank, now known as Laiki Bank.
Continue reading "Cyprus Aided Money Laundering"
by George Farrugia
Serious gaming companies understand the importance of a reputable licence. Being perceived by players as safe and credible will provide greater credibility to online game sites and therefore assist in making them more competitive on the market. Maltese Gaming regulation can offer precisely than but also coupled with favorable tax regimes and a professional operating environment.
888.com the Online Casino Company announced at its Annual General Meeting held in Gibraltar on Wednesday that net gaming revenues rose 42 per cent to $84 million in the first quarter compared with the same period last year, with poker revenues of $39 million and casinos bringing in $45 million.
The group, which increased its active users to 319,374 over the first quarter period, added that the 17-day World Snooker Championship it sponsored drove up its exposure in a market dominated by its far larger rival PartyGaming.
Recently I came across an interesting website with great articles for Offshore Investment & Investment Property Abroad, it's called "Shelter Offshore", the proprietors are from Nicosia Cyprus and here is how they describe themselves;
Shelter Offshore offer you an independent insight into the finest offshore investment products available. We also offer you a unique way to find the solutions that exactly fit your requirements through our partnership with deVere & Partners - the world's largest independent financial advisory group.
I highly recommend having a browse of this resource "Shelter Offshore".
By James Bennett -
Betting exchange could move operations offshore if 'punitive' tax laws are enforced by the UK Treasury
One of Britain's leading online betting exchanges, Betfair, is considering relocating its operations from the UK to Malta in anticipation of new tax laws being introduced on its revenues.
By Joaquin Estefania -
The first initiative President George W. Bush sought to impose after the September 11 attacks was that of financial vigilance, i.e. the control of money being handled by terrorists. This was easier said than done, given that much of this money is in tax havens, and there is no legislation to control it. With their usual pragmatism, the Americans made some changes. The Patriot Act placed banks under the obligation to report any "suspicious" activity; and the law reforming the secret services, enacted late last year, contained a clause that allows the government discreetly to inspect international bank transactions to detect supposed terrorist activities.
That Monaco is crowded with celebrities is no piece of news. Since 1869, when the personal income tax policy became favorable, Monaco attracted very many individuals with high net income, such as movie stars, sporting stars etc. who became residents of the Principality in order to benefit from personal income tax exemption.
Take, for instance, Roger Moore, Shirley Bassey, Ringo Starr, Karen Mulder, Eva Herzigova, the race drivers Jacques Villeneuve, David Coulthard, Jenson Button.
By Paul Betts -
Like old King Farouk, Egyptian tycoon Mohamed Al-Fayed has finally decided to set up residence in Monaco - joining the likes of Formula One racing driver David Coulthard and actor Roger Moore in the Riviera tax haven.
After 35 years in the UK, the owner of Harrods and the Ritz Hotel in Paris left Britain 18 months ago for the shores of Lake Geneva, angry over the "grossly unfair treatment" dealt to him by the British establishment and tax authorities.
