This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below.
Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers.
Lowtax Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail.
Tax News: Global
tax news, continuously updated through the day.
Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor.
Law & Tax
News: Daily news and background data on tax and legal developments
for international business.
Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources.
US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax.
NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers.
Informa Jumps Ship To Switzerland Following UK Budget,
by Robert Lee, Tax-News.com, London
Monday, May 04, 2009
Informa, the publishing and conference company, has become the first post-budget
corporate defection after announcing its decision to move its tax residence from
the UK to Switzerland in protest against new legislation affecting the taxation
of foreign profits.
Informa, the current parent company of the Informa Group, on May 1 announced
details of a proposed court-sanctioned change to the Group’s corporate structure
by putting in place a new parent company that would remain listed in the UK,
but incorporated in Jersey and tax resident in Switzerland.
According to Informa, this change has been prompted by proposed changes in
the way UK companies’ foreign profits are taxed.
“If enacted in their current form, proposed changes to UK tax law that
take effect from July 1, 2009 are likely to have a detrimental impact on the
Informa Group’s tax position and such detrimental impact could be material,”
the company stated.
Under the long-awaited reforms, dividends from overseas subsidiaries will normally
be received completely free of UK corporation tax, bringing the system in line
with many other countries having tax friendly holding company regimes, such
as Luxembourg and the Netherlands. However, this exemption will only apply to
dividends derived from ‘real’ economic activity, not income from
intellectual property, trademarks and copyright. This would subject 80% of the
company's income to double taxation.
Informa said that it considered a number of factors that make Switzerland a
suitable location for its parent company, including “a highly stable political
and economic environment” and “a less complex taxation system which
offers upfront certainty of treatment and does not seek to impose tax on the
unremitted profits of subsidiary companies in other jurisdictions.”
"The Informa board believes that the implementation of the scheme will provide
a platform to mitigate the probable impact of such changes to UK tax law," the company announced. "Additionally,
the scheme is expected to result in a structure through which the New Informa
Group can develop and expand its business internationally, including in emerging
markets such as the Indian sub-continent, China and the Middle East."
New Informa was incorporated under the Jersey Companies Law on March 11, 2009,
as a public company limited by shares with the name Informa Limited and changed
its name on April 29, 2009 to Informa plc.
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
Advertising & Marketing
With over 50,000 qualified readers every month our web-sites
offer a number of cost effective, targeted advertising,
sponsorship and marketing opportunities:
Display advertising - from 'skyscrapers' to 'buttons'
Content/article submission and sponsorship
Opt-in email marketing
On-line Services Directory listings
Could your corporate web-site or newsletter benefit
from incorporating regularly updated news and content
tailored to serve your clients' interests? We can provide
a variety of maintenance-free news and content solutions
that can be seamlessly integrated and dynamically delivered:
Click here for a brief introduction
to RSS and instructions on how to get the Tax-News feed.
IMPORTANT NOTICE: THE LOWTAX NETWORK has
taken reasonable care in sourcing and presenting the information contained on
this site, but accepts no responsibility for any financial or other loss or damage
that may result from its use. In particular, users of the site are advised to
take appropriate professional advice before committing themselves to involvement
in offshore jurisdictions, offshore trusts or offshore investments. All materials
on this site copyright THE LOWTAX NETWORK 1999 to 2010. Contact
us for further information.
TAX-NEWS.COM
Free Tax-News Feed