The Northern Ireland Affairs Committee at Westminster will be holding an inquiry into the rate corporation tax in the province, amid fears that the disparity between the UK and Irish rates will drive business away.
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People with bank accounts in Liechtenstein are being warned to make sure they are fully tax compliant under UK law, as the tiny nation prepares to rein in its lenient tax allowances.
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Renowned bookmaker, William Hill, has moved more of its operations to Gibraltar, where bosses say there is less risk of continued undercutting by foreign betting operations.
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The International Finance Centre forum has praised the debate on offshore finance centres in the House of Commons this week, calling it an “informed, consistent and balanced” debate.
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Increasing numbers of company directors are facing professional disqualification, after figures showed that the number being barred from their roles increased by 17 per cent last year.
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Hong Kong has seen more than a 24 per cent rise in the number of foreign businesses being registered there, with finance experts predicting that number to rise further following changes to the incorporation rules.
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A World Bank report has said that many countries are stifling the registration of foreign businesses and trade within their borders with excessive limits and out-dated laws.
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The last six months have seen a steady rise in inquiries about setting up a business in Singapore from young foreign entrepreneurs aged between 19 and 25, statistics have shown.
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