Today we are talking about the subject of tax residency in Norway. Norway is one of the most affluent countries in the world. GDP per capita is within the top five. Like other Scandinavian countries, Norway has quite high taxes. It also has a good quality of life and good social programs. Because they have…

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Finland is famous for a couple of things. Finnish people are the number one coffee drinkers in the world! Besides coffee they also enjoy saunas. Here you will be able to find a sauna in a Burger King fast-food restaurant. Downtown in Helsinki there is a famous Ferris wheel that has a sauna pod. So…

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Sweden is one of the places with the highest taxes in the world! If you earn wage here, the top tax bracket is taxed at 58 %, plus there are social contributions for the employer (around 31%) and there are pension contributions (7%). Having those percentages in mind, it’s clear that you have to give…

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Estonia is an interesting country! It is a former Soviet block country at the coast of Baltic sea which connects it to the neighboring Finland.  It is quite different from other countries that shared unfortunate communist past. Estonia, back at the time had Western media. Soviet government was unable to block radio and TV signals…

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Opportunities in Dubai  Dubai is an interesting place for business owners. You probably noticed socialist trend that has been growing in recent years, all over developed world. Lots of people and politicians believe that nobody should be very wealthy, and that those who make big amounts of money should be taxed heavily (even more than…

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Tax Treaties  Tax treaties are introduced in order to avoid double taxation.   Let’s say that you have a company in Canada but are also doing some business in the USA, so you have an office there. So the USA will want to tax you because you have an office there, but Canada also wants to…

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International tax planning for Italians    Any time we look at international tax planning we want to pay attention to the three pillars of residency:    -Residency of the company. You will want to have a company that’s outside of the country in order to decrease the amount of tax paid.   Italy’s base tax rate…

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Participation exemption  Traditionally if you had dividends paid to you from a company that would be taxable.   Very often you’d have that company owned by another company and they would receive dividends tax free.   The question is what if that company was foreign?    Let’s imagine you have a company in Bahamas, and that company…

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Tax avoidance VS Tax evasion  Lots of people have misunderstandings when it comes to terms tax avoidance and tax evasion. They are not really certain whether those are synonyms or not.   Let’s make it clear – Tax avoidance and tax evasion are two different things!    Tax avoidance is fine, it is completely legal while…

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What is substance    Substance is getting more and more important. We witnessed tighter and stricter regulations is the recent years, and we can only expect it to go worse with time.  So what is actually substance?   Well, it means that you have something going on behind your structure.   Traditionally, the most popular place for…

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