CYPRUS – The Ultimate IP Holding Jurisdiction

A. INTRODUCTION

Companies owning any type of intangible assets, such as patents, intellectual property rights and trademarks are often in need of an IP Holding vehicle through which they will hold these assets, license them for the generation of royalty income and conduct their business activities.

Choosing the jurisdiction of such an IP Holding vehicle requires careful consideration to ensure that there will be adequate asset protection, tax optimisation and flexibility in the legal framework that […]

By |December 23rd, 2014|

United States: Leaving America For Good – Record Numbers Of American Expatriate After IRS Crackdown On Americans Living Abroad

Each quarter, the United States publishes a list of the names of each individual losing United States citizenship. This list includes certain long-term residents who are treated as if they were citizens of the United States who lost citizenship. The quarter ending June 30, 2014 saw another 576 Americans choose to give up their nationality, following 1,001 Americans earlier this year.

While that number is small as compared to the population on the United States […]

By |December 22nd, 2014|

Canada: Should I Make Charitable Donations Personally Or Through My Company?

Incorporated business owners will often ask their tax advisor whether they should make charitable donations with personal or corporate funds to achieve the best tax result.

Quite often, business owners will compare their corporate income tax rate of say, 13% on income eligible for the small business deduction or 27% on all other active business income, to the donation tax credit they get on their personal tax return, which can be 44% or more. A […]

By |December 22nd, 2014|