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New On The Network Today
This feed is published daily with selected new or updated
content from across our network. For a list of network sites, many of
which feature daily news, see below.
Providing essential tax news and information for globally
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Lowtax Network Sites
Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
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Tax News: Global
tax news, continuously updated through the day.
Law & Tax
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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.
The jurisdictions
section of Offshore-e-com.com has in-depth analyses
of e-commerce in three leading jurisdictions -
Bermuda, Gibraltar and the Isle of Man - and has
links to summaries of e-commerce development in
25 other offshore jurisdictions
- Jurisdictions
Menu
The Offshore-e-com.com
glossary explains the meaning of many abbreviations
and technical terms met with in offshore e-commerce
- Full Glossary
BUSINESS
GUIDE
No-one likes to pay
too much tax, and the overall burden of tax in
the world's larger business jurisdictions is heavy
not just in itself, but also imposes substantial
and worsening administrative burdens on a business.
Regulation in general just gets more and more
complex, in addition.
Prior to the Internet, there was little that most
types of business could do to rduce tax and regulation,
although individual owners were often able to
go 'offshore' with the proceeds of their work,
and increasingly did so as tax levels rose. Individual
tax levels have fallen back to some extent, and
in some countries, but the taxman has become more
efficient, and the classical equation of working
onshore and enjoying offshore becomes ever harder
to sustain.
The Internet has
changed the equation, and this site attempts to
explain why and how almost all businesses can
substantially reduce their tax bills and preserve
wealth by taking advantage of offshore e-commerce.
This section in particular offers practical help
in choosing a jurisdiction and in setting up an
offshore e-commerce operation.
Describes the criteria
that should be taken into consideration when starting
an offshore e-commerce operation.
CASE STUDIES
There are so many
variable factors in the situation of each company,
including business sector, ownership structure,
country of origin, size, capital structure and
level of profitability, to name just some, that
it is hardly possible to illustrate the principles
of offshore e-commerce in any general way. Still,
case studies can show typical sequences of steps
needing to be taken when going offshore, even
if the detail will be different in each case.
The six case studies
in this section cover six of the more likely business
situations in which offshore has a lot to offer;
but the truth is that the Internet has made it
possible for almost every business in a high-tax
country to get advantage offshore.
For direct assistance
with establishing an offshore e-commerce operation,
see our E-commerce Business Guide.
Special Features
on E-Commerce in Guernsey & Ireland, Gibraltar
& Dubai, and Mauritius and Netherlands Antilles
are available in the Reports
Library along with other previous Special
Features.
New On The Network Today
This feed is published daily with selected new or updated
content from across our network. For a list of 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 Network Sites
Lowtax Network 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.
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.
Australia Investigates On-Line Traders, by Mary Swire, Tax-News.com, Hong Kong
Thursday, July 29, 2010
The Australian Taxation Office has disclosed that it has obtained data from
eBay Australia and Trading Post Australia, so as to assess the level of taxation
compliance of individuals and businesses that sell goods or services online.
[
FULL STORY ]
William Hill Moves Telebetting To Gibraltar, by Jason Gorringe, Tax-News.com, London
Tuesday, July 27, 2010
UK bookmaker William Hill has announced that it is to transfer its telephone betting operation to Gibraltar because the UK's tax regime makes it 'impossible' for the company to compete with offshore telebetting firms on an equal footing.
[
FULL STORY ]
Polish E-Gaming Legislation Fails EU Test , by Ulrike Lomas, Tax-news.com, Brussels
Friday, July 23, 2010
The European Commission has issued a detailed opinion against Polish draft legislation regulating online gaming and betting. The Polish draft legislation had also raised concerns among a number of Member States such as the United Kingdom and Malta.
[
FULL STORY ]
EC Approves French TV Tax, by Ulrika Lomas, Tax-News.com, Brussels
Thursday, July 22, 2010
The European Commission has approved the long-term funding mechanism for public
television, involving the introduction of two
new taxes, one on advertisements and the other on electronic communications, as
part of the gradual elimination of advertising on public channels.
[
FULL STORY ]
Taxes Hindering Global Broadband Development, by Mary Swire, Tax-News.com, Hong Kong
Thursday, July 22, 2010
The GSM Association has issued a report which reveals how mobile sector-specific
taxation impacts on the development and deployment of mobile broadband in developing
countries.
[
FULL STORY ]
Quebec Initiates Online Gambling With Study, by Leroy Baker, Tax-News.com, New York
Tuesday, July 20, 2010
Quebec has announced that it will be opening its own state-run online gaming and poker site in September 2010. Quebec minister of finance Raymond Bachand also announced that he is moving ahead with an online games monitoring committee.
[
FULL STORY ]
EU Reviews Data Protection Laws, by Ulrika Lomas, LawAndTax-News.com, Brussels
Tuesday, July 20, 2010
Viviane Reding, Vice-President of the European Commission responsible for Justice,
Fundamental Rights and Citizenship, at a meeting of the European Union advisory
body on the protection of personal data and privacy, made the case for working
towards a comprehensive and coherent single market of data protection.
[
FULL STORY ]
Microsoft Settles Chinese IP Dispute, by Mary Swire, for LawAndTax-News.com, Hong Kong
Monday, July 19, 2010
Microsoft has reached an out of court settlement with a Chinese company to end an intellectual property lawsuit, in another victory for the company as it seeks to crack down on the widespread use of pirated copies of its software in the country.
[
FULL STORY ]
New Zealand To Allow Software Patents, by Mary Swire, for LawAndTax-News.com, Hong Kong
Friday, July 16, 2010
New Zealand's Commerce Minister Simon Power has instructed the Intellectual Property Office of New Zealand to develop guidelines to allow inventions that contain embedded software to be patented.
[
FULL STORY ]
EBay Targeted In USD3.8bn Patent Suit, by Glen Shapiro, LawAndTax-News.com, New York
Thursday, July 15, 2010
XPRT Ventures LLC, which holds patents covering e-commerce payment systems and methods, has filed a lawsuit against eBay and four of its subsidiaries for alleged patent infringement.
[
FULL STORY ]
Asia Gains In Digital Economy Rankings, by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, July 13, 2010
The Economist Intelligence Unit has released its Digital Economy
Rankings for 2010, which find that, despite Europe maintaining top position in
terms of Internet infrastructure and adoption, recent investment has dramatically
improved the Asia-Pacific region's e-readiness.
[
FULL STORY ]
ECJ Rules On Swedish E-Gaming Advertising Ban, by Ulrika Lomas, for LawAndTax-News.com, Brussels
Monday, July 12, 2010
The European Court of Justice has issued a preliminary ruling, addressing questions relating to the compliance of Swedish gaming legislation with the EU Treaty.
[
FULL STORY ]
ISPs Challenge Digital Economy Act, by Robin Pilgrim, LawAndTax-News.com, London
Friday, July 09, 2010
Two of the UK's largest internet service providers have filed papers with the High Court asking for a judicial review of the Digital Economy Act, which contains measures to crack down on illegal file sharing over the internet.
[
FULL STORY ]
Game Tax Relief Axe Threatens UK Investment, by Robert Lee, Tax-News.com, London
Monday, July 05, 2010
The UK coalition government’s decision to renege on previously planned tax relief for the games publishing industry has sparked an angry reaction from the industry’s major players, who may now rethink future UK investments.
[
FULL STORY ]
US Supreme Court Issues Key Patent Ruling, by Glen Shapiro, LawAndTax-News.com, New York
Thursday, July 01, 2010
In a key ruling on June 28, the United States Supreme Court suggested that a wider interpretation of what can be patented is needed given recent advances in technology, although the court's ruling may merely serve to muddy the waters further in this area.
[
FULL STORY ]
Australia Will Not Liberalize Online Gaming, by Mary Swire, LawAndTax-News.com, Hong Kong
Monday, June 28, 2010
Australia’s Assistant Treasurer, Nick Sherry, has revealed that, despite
the positive recommendation in the Productivity Commission Report on Gambling,
the government does not intend to allow for a liberalization of online gaming.
[
FULL STORY ]
Sportsbet Wins Australian Fee Case, by Mary Swire, Tax-News.com, Hong Kong
Wednesday, June 23, 2010
Racing NSW has been ordered by the Australian federal court to repay Sportsbet more than AUD2m (USD1.75m) of a 1.5% turnover fee, which the judge regarded as having been collected in a 'protectionist, discriminatory and unlawful manner.'
[
FULL STORY ]
France Mulls Fibre Optic Tax, by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, June 22, 2010
In charge of broadband deployment in France, Hervé Maurey has confirmed
that the introduction of a new tax, levied on either businesses or consumers in
France, may well be unavoidable.
[
FULL STORY ]
Cyprus E-gaming Ban Is Open To Consultation, by Ulrika Lomas, Tax-News.com, Brussels
Friday, June 18, 2010
Online gambling in Cyprus has been permitted since the Betting Law of 2007, but the Cyprus government now plans to ban it, except on horse racing and sports in Cyprus.
[
FULL STORY ]
Danish E-gaming Liberalization Meets Opposition, by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, June 16, 2010
Danish casinos and gaming operators have lodged a complaint with the European Commission concerning the discrepancy between the rates of taxation on online gambling compared with their land-based businesses. This threatens the progress of the newly passed gaming laws.
[
FULL STORY ]
Malta Fights For EU Free Market Rules In E-gaming, by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, June 16, 2010
Malta has disagreed with the conclusions of an EU Competitiveness Council meeting
which adopted a definition of illegal gambling as: “gambling in which
operators do not comply with the national law of the country where services
are offered, provided those national laws are in compliance with EU treaty principles".
[
FULL STORY ]
UK Copyright Code Of Conduct Published, by Robin Pilgrim, LawAndTax-News.com, London
Monday, June 14, 2010
A proposed code of practice which implements legislative measures
aimed at reducing online copyright infringement has been published by
Ofcom, the UK telecoms regulator, as part of its new duties under the
Digital Economy Act 2010.
[
FULL STORY ]
ECJ Rules On Dutch Gaming Licenses, by Ulrika Lomas, for LawAndTax-News.com, Brussels
Thursday, June 10, 2010
The European Court of Justice has delivered two key preliminary rulings on the compliance of Dutch legislation with the EU Treaty in respect of e-gaming regulation.
[
FULL STORY ]
RIAA Seeks Lime Wire Asset Freeze, by Glen Shapiro, LawAndTax-News.com, New York
Thursday, June 10, 2010
The US recording industry is seeking an order from a US district
judge that would permanently shut down the peer-to-peer file sharing
website Lime Wire.
[
FULL STORY ]
MEPs Call For IPR Harmonization In EU, by Ulrika Lomas, for LawAndTax-News.com, Brussels
Thursday, June 03, 2010
The European Parliament's Legal Affairs Committee has pointed to breaches of intellectual
property rights on the internet as a growing problem requiring a response
at European Union level.
[
FULL STORY ]
UK Games Body Presses For Tax Relief, by Amanda Banks, Tax-News.com, London
Wednesday, June 02, 2010
TIGA, the trade association representing the UK games industry, has welcomed the
new UK Prime Minister, David Cameron’s commitment to rebalance the UK economy
and to support knowledge-based businesses, including the creative industries.
[
FULL STORY ]
Web Giants Back Google In Copyright Case, by Glen Shapiro, LawAndTax-News.com, New York
Monday, May 31, 2010
Facebook, eBay and Yahoo are backing Google in a key copyright
lawsuit brought by Viacom, the outcome of which could have major implications for US copyright law.
[
FULL STORY ]
China's IP Record Worries Microsoft, by Mary Swire, for LawAndTax-News.com, Hong Kong
Tuesday, May 25, 2010
Microsoft CEO Steve Ballmer sees little worth in investing in the
Chinese software market because of the ongoing problem of piracy in that country.
[
FULL STORY ]
Jersey To Join Single Euro Payments Area, by Jason Gorringe, Tax-News.com, London
Monday, May 24, 2010
The Jersey Financial Services Commission has published a consultation paper outlining measures for regulating and supervising providers of payment services to pave the way for the island to join the Single Euro Payments Area as a non-European Economic Area jurisdiction.
[
FULL STORY ]
Ireland Wants To Tax On-line Betting, by Ulrike Lomas, Tax-news.com, Brussels
Tuesday, May 18, 2010
Irish Prime Minister Brian Cowen, advocated the taxing of online betting and the introduction of a licencing system for overseas online betting sites in a speech at a recent dinner hosted by The Irish Field newspaper in Dublin.
[
FULL STORY ]
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