Silk Trading Route between China and India

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Eight countries are removed from the EU Tax Haven Blacklist

The EU introduced a tax haven blacklist late in 2017 after concerns that not enough was being done by some counties to reduce perceived tax dodging. The list was put in place by the European Council’s Code of Conduct (COC) and inclusion is based on whether a country is seen to be giving preferential treatment to companies, so as to enable them to move profits to avoid charges. To be removed from the list, a country needs to demonstrate that it has taken sufficient measures to reduce the problem, and therefore “remedy” the EU’s concerns about their approaches to tax dodging. Panama, Barbados and Grenada were among states that came off the list, which now includes only nine nations. Three co

Is there a future for Cryptocurrency and Bitcoin?

When cryptocurrencies first launched, they were thought to be too small to be worth worrying about and a small amount of tax leakage was considered to be acceptable. However, governments are now concerned that they are losing larger than expected potential revenues, as cryptocurrencies may allow people to trade and keep a low profile. It is therefore ripe for a review, in line with more widespread clampdowns on tax dodging. This would lead to two possible choices. The first is to ban trading. South Korea and China have already stated that they may ban the trading in bitcoin and the result was a sharp reversal in the bitcoin price with some numbers showing $200bn wiped off their value. Th

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