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In May of 2009, the OECD removed the last three nations from their list of uncooperative tax havens. The last nations to be removed fro the list were Andorra, Liechtenstein,… Read more »

The purpose of tax treaties between countries is to mitigate the double taxation effects. These treaties cover VAT (value added taxes), inheritance taxes, income taxes, etc. Tax treaties can be… Read more »

Tax Information Exchange Agreements (TIEA) can be described as agreements between two countries, made in order to regulate tax information sharing. To get any information, a country has to make… Read more »

What is Asset Protection? Asset protection (also called “debtor-creditor law”) can be defined as a concept of preserving and protecting an individual’s assets from illogical or frivolous, often very harmful… Read more »

What is a territorial tax system? In a country with territorial tax system, only income that is earned in that particular country is taxed. Here is an example: if you… Read more »

A mutual legal assistance treaty can be defined as an agreement concluded between two countries, in order to exchange and gather information, which will help these countries enforce criminal or… Read more »

Extradition is as a process by which one state surrenders a convicted criminal or suspect to another state. This issue is regulated by treaties between countries. Extradition Treaties States determine… Read more »