Business & Finance
Brought to you by: Monaco Life
The UK tax authorities have announced a consultation period on plans intended to limit the number and efficiency of complex offshore arrangements that aim to bring tax advantages to UK taxpayers.
Businesses such as agents, advisers and accountants would be provided with a “notification number” to pass on to their clients, who would then be expected to use this number when making UK tax returns.
Earlier this year a Monaco-based accountant narrowly escaped a jail term in the UK for his involvement in a tax scheme centred on a service that was never provided. A complex structure involved a company in Guernsey, and investors received tax reductions that were bigger than their investments.
The consultation period ends on February 27, 2017.
The MEB has taken stock of a difficult year at its annual General Assembly meeting and discussed how it plans to help with economic recovery.
Actis and Docaposte are now official partners and ready to help Monegasque companies in their journeys to a digital transition with the new online platform mademat.mc.
Monaco-based Panthera Solutions has again been named Best Financial Service Provider Europe, excluding banks, by the international magazine The European in its 2020 awards.
Four new ambassadors have presented their Letters of Credence to HSH Prince Albert and have been officially welcomed by the Monaco government.