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Further
Reading ...
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What Happened? Troubleshooting Poor Response from Ad Campaigns - Diane Hughes
Too many small business owners today run ad campaigns that get little to no results, and they have no idea why. When you have the knowledge to troubleshoot the poor responses, you also have the knowledge to make the needed changes so that - next...
Flipping Fixers: Using Transformation Psychology for Top Dollar - Jeanette Joy Fisher
Satisfying and lucrative real estate investment depends upon your correct assessment of profit potential, of course, but your ultimate success depends on your ability to transform a fixer into a dollhouse. The renovation process involves physical...
Have You Made Your "Strategy Theme Sheet" ? - Wild Bill Montgomery
A "Strategy Theme Sheet" is a self made work-sheet document which helps you identify the basis and theme of your advertising upon which you expect consumers to purchase your product in preference to your competition. The "Strategy Theme Sheet" deals...
Credit Card Debt Elimination - Gary Gresham
Credit card debt elimination can be done with a good plan and a little patience. The important thing is to find what works best for you and stick to your plan. The rewards are well worth it and you'll save yourself a lot of money in the process. ...
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Euro Tax Haven Threat
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Written By:
Roger Munns
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Media reporting of a new EU savings tax directive has left many people wondering whether European tax havens could soon become obselete.
The July directive requires banks throughout Europe, including low and no tax areas such as Gibraltar, Monaco, Malta and Andorra, to disclose bank account owner information to their home country’s tax authority.
But Roger Munns, Managing Director of tax haven property specialists Tribune Properties, says that some of the reporting has been less than accurate.
‘The purpose behind this directive is primarily aimed at those who hold illicit funds, such as drug dealers, who will need to look outside of the European banking system to place large cash deposits. The main attraction of Monaco and Andorra is the zero per cent income and inheritance taxes, and this remains intact and there are no plans whatsoever to change this.’
Monaco and Andorra have long been favoured destinations for the well to do, but with new technology allowing businessmen and women to run their offices from anywhere in the world, operating from low tax bases has seen added interest for Europe’s primary tax havens, doubling property prices in the last ten years.
Both Monaco and Andorra are outside the EU, and their signing of the directive voluntarily is often overlooked in the media’s analysis of any effects on the two small countries long term popularity.
Property prices have risen steadily over the last decade, often topping ten per cent a year, but this year has seen a slow down of that increase.
Property Price Uncertainty
Both Monaco and Andorra’s property prices have seen a levelling off this year, according to Tribune Properties, but say this can be explained by factors other - continued below ...
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continued ...
than the new EU directive.
Tribune say that in Monaco the passing of Prince Rainier earlier this year cast a shadow over the Principality, while in Andorra the local market has slowed as Andorrans struggle to keep up with the price of property, fuelled by buyers from around the world seeking residency.
Two other factors have contributed to the slow down in the first half of the year which could be reversed in the second half – the absence of UK buyers awaiting the outcome of their election in May which saw the Labour Government returned for a historic third term with Tony Blair as Prime Minister and possible tax rises in the pipeline, and buyers holding US dollars who were hit by the rise in value of the Euro – which has now peaked following the EU Constitution ‘No’ votes in France and The Netherlands in June.
Both Andorra and Monaco require new residents to live there for six months a year to maintain their residency (but Andorra doesn’t police this once residency is granted). Andorra property prices start from just over 200,000 Euros for a one bedroom apartment, while Monaco is more expensive with one bedroom apartments from around 600,000 Euros.
Tribune Properties offer details of properties for sale in both Andorra and Monaco. For Andorra property visit http://www.propertyandorra.com , for property and real estate in Monaco and Monte Carlo http://www.monacoproperty.net Tribune also offer to e-mail current property for sale in Malta at http://www.maltaproperty.info and property in Menorca at http://www.menorcaproperty.info
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| _Additional Resources ... |
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Having FUN In Leadership - Richard Gorham
”Don't measure your life by your goals, but rather by what you are DOING to achieve them.” –Unknown One of the biggest mistakes leaders make is getting so wrapped up in achieving results, they forget to ensure that people are having fun along the...
You At A Dead End? Look Deeply Into My Eyes! - Richard Vegas
The president of a large North Eastern company, doing business internationally, was visiting his California division. While he was there, he saw a very large photograph of, of all people, himself, hanging on the wall. He was in the office of his...
Teenagers can market products on the Internet. - Chris Ryan
Teenagers, have you ever been put down by the oldies. Who said to you, "You can't sell on the Internet", you don't have the brains, you won't make a cent? Well! they are wrong!! You can do it and you can do it just as easily as any other person. ...
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