Egypt: Private sector fears ‘wealth tax’ will repel investment
The cabinet has imposed Wednesday an additional “exceptional” tax of 5% on individuals with an annual income exceeding EGP 1m…
Tax
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Egypt Approves Wealth Tax
A new tax will help Egypt will help reduce inequality while raising extra revenues to be used for social programs.…
Israel Inks Model 1 FATCA IGA
Bloomberg BNA is reporting that Israel has signed a FATCA IGA. The agreement is a Model 1 agreement, meaning…
Middle East’s ultra-rich eye second nationality
American singer Tina Turner and French actor Gérard Depardieu both enjoy the benefits of global citizenship programmes, renouncing their US…
Countries commit to automatic exchange of information in tax matters
Bank secrecy for tax purposes is coming to an end as countries and major financial centres commit to automatic exchange…
Tax-Free Bonuses Disappoint as Middle East Bankers Plan Job Hunt
Banking and finance professionals in the Middle East plan to seek new jobs this year after bonuses failed to meet…
Kuwait joins FATCA in substance
The Ministry of Finance has announced that the State of Kuwait joined the list of countries which agreed initially in…
Oman, Spain sign agreements
MoUs cover defence, tourism, archives and double taxation — MUSCAT — Oman and the Kingdom of Spain signed a memorandum…
Ex-Mizrahi Banker Said to Be Indicted in U.S. Tax Fraud Case
Former Mizrahi Tefahot Bank Ltd. senior vice president Shokrollah Baravarian was indicted for helping U.S. customers conceal their assets from…
Banker Middle East product awards programme 2014
Swiss private bank J. Safra Sarasin has agreed to buy Morgan Stanley's Swiss private banking unit, beefing up its business…
Oman among countries with lowest corporate tax rates: Survey
Oman with a 12 per cent corporate tax rate ranks third among countries with the lowest rates of corporate tax,…
ICO Services to Expand in UAE Tax Heaven for an Excellent Image of Customers' Businesses
ICO Services, the international company specialized in the formation of offshore companies and offshore banking, has recently expanded their services…