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USA now is not number one in worldwide economic

  The USA isn’t more the largest economy in theworld, thus China becomes number one. The volume of total national economic production in 2014 in China made 17,6 trillion dollars,thus in the USA she reached 17,4 trillion dollars, writes FoxNews with reference to the reportof the International Monetary Fund (IMF). At the beginning 2000 th USA made almost three times more, than China. Now 16,5% of worldeconomy, in comparison with 16,3% for the USA are the share of China. Also the edition notes that,  the shirt in Shanghai will cost much cheaper, than, forexample, in San Francisco. Thus on average…

Hong Kong, US Sign FATCA Agreement

  Hong Kong, US Sign FATCA Agreement On November 13, Hong Kong and the United States signed an inter-governmental agreement (IGA), the substantive terms of which were agreed in May this year, and which will facilitate compliance with the US Foreign Account Tax Compliance Act (FATCA) by financial institutions in Hong Kong. FATCA, which was enacted by the US Congress in 2010 and took effect on July 1, 2014, is intended to ensure that the US Internal Revenue Service (IRS) obtains information on financial accounts held at foreign financial institutions (FFIs) by US persons. Failure by an FFI to disclose…

Journalists accuse Luxembourg of the help to tax deviators from the Russian Federation

  The international consortium of journalists (ICIJ) reported recently that the leadership of Luxembourg was provided to about 340 companies by special tax explanations which gave them the chance to save billions of dollars. The corresponding statement was made in some days after Jean-Claude Juncker’s introduction in a position of the president of the European Commission. According to ICIJ, officials of Luxembourg helped to save on the taxation to the companies affiliated with “Gazprom” and Sberbank. The president of the European Commission Jean-Claude Juncker denies participation in tax frauds of 340 multinational corporations in his stay by the prime minister…

Great Britain makes considerable amendments to the corporate legislation.

Great Britain makes considerable amendments to the corporate legislation. Great Britain makes considerable amendments to the corporate legislation. The bill “About Small Business, Small Enterprises and Employment” presented to parliament (Small Business, Enterprise and Employment Bill), already passed two readings in the House of Commons. A number of essential amendments mentions also the current law “About the companies” of 2006 (Companies Act 2006). The developed changes are mainly directed on increase of transparency of corporate structures and simplification of corporate administration: – the requirement about that each company kept the register of the beneficial owners – “the controlling persons” (Register…

The fear of oligarchs of the Russian Federation will cost to London dearer, than another.

The Russian money filtered into the upper class of Britain much more deeply, than any other western country. The capital which is pumped in Londongrad by Post-Soviet oligarchs, means, according to critics, the following: David Cameron’s government will never undertake against them strict measures, any indignation of an arbitrariness of Russia. This thought is confirmed also by incidentally found notes for a briefing where it was said that City, financial center of London, it is impossible to close for Russians. Great Britain provides the three-year “investment Orsk” visa to foreigners who invest at least £1 million in the state securities.…

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