Cyprus-Forum.com

[CBBB]

I think they heard about his strange affinity for animals!

[Filitsa]

Filitsa,

Have you read that piece of garbage in Forbes that you linked us to?

It starts with a long list of unfounded gossip to conclude that since 2004 Cyprus has changed its laws but still offers a low corporate tax rate. SO WHAT?????

Ireland has a low corporate tax rate, but it also has a whole bunch of Irish American politicians in Congress and no one writes that kind of shit about them.

Honestly Filitsa, where do you think it is more likely to find gun running networks, in Ulster or in Cyprus?

What thes bums who write and edit this crap do not tell, and if told the picture changes entirely, is that corporate tax may be lower in Cyprus, but your PERSONAL TAX, still has to be paid on the profits reported and a company registered in Cyprus cannot postpone the allocation of profits for more than two years. Once you add up corporate tax and personal tax from a company the total comes to 35 per cent tax, which is higher than most countries around the world and the figure demolishes the "Tax Haven" title for Cyprus.

Want a tax haven go to British Gibraltar!

Yes Nikitas, I read the article. I've also read a few others that substantiate it. If, per chance, you too care to read a couple of them, I've provided the links below.

In the first link, you might want to pay particular attention to Case Study #3, pertaining to Milosevic's money laundering via Cyprus, which is about a third of the page down. You will find that what you regard as "gossip," Carla del Ponte established as fact during Milosevic's tribunal.

In the second link, allow me to call your attention to the article's subtopic entitled "Cyprus Income Tax." Click on "Double Tax Treaties." There you may learn why Cyprus is so enticing to foreign "entrepreneurs" despite the personal tax.

http://www.drmcc.org/dyndocs/4680ed48d4e5e.pdf

http://www.lowtax.net/lowtax/html/jcy2tax.html

Regards.

[Get Real!]

Filitsa,

Have you read that piece of garbage in Forbes that you linked us to?

It starts with a long list of unfounded gossip to conclude that since 2004 Cyprus has changed its laws but still offers a low corporate tax rate. SO WHAT?????

Ireland has a low corporate tax rate, but it also has a whole bunch of Irish American politicians in Congress and no one writes that kind of shit about them.

Honestly Filitsa, where do you think it is more likely to find gun running networks, in Ulster or in Cyprus?

What thes bums who write and edit this crap do not tell, and if told the picture changes entirely, is that corporate tax may be lower in Cyprus, but your PERSONAL TAX, still has to be paid on the profits reported and a company registered in Cyprus cannot postpone the allocation of profits for more than two years. Once you add up corporate tax and personal tax from a company the total comes to 35 per cent tax, which is higher than most countries around the world and the figure demolishes the "Tax Haven" title for Cyprus.

Want a tax haven go to British Gibraltar!

Yes Nikitas, I read the article. I've also read a few others that substantiate it. If, per chance, you too care to read a couple of them, I've provided the links below.

In the first link, you might want to pay particular attention to Case Study #3, pertaining to Milosevic's money laundering via Cyprus, which is about a third of the page down. You will find that what you regard as "gossip," Carla del Ponte established as fact during Milosevic's tribunal.

In the second link, allow me to call your attention to the article's subtopic entitled "Cyprus Income Tax." Click on "Double Tax Treaties." There you may learn why Cyprus is so enticing to foreign "entrepreneurs" despite the personal tax.

http://www.drmcc.org/dyndocs/4680ed48d4e5e.pdf

http://www.lowtax.net/lowtax/html/jcy2tax.html

Regards.

There’s far too much junk in your Forbes article to go through. Cyprus’ tax agreements are perfectly legal so if you want to investigate fraud you are perfectly located.

[Filitsa]

Filitsa,

Have you read that piece of garbage in Forbes that you linked us to?

It starts with a long list of unfounded gossip to conclude that since 2004 Cyprus has changed its laws but still offers a low corporate tax rate. SO WHAT?????

Ireland has a low corporate tax rate, but it also has a whole bunch of Irish American politicians in Congress and no one writes that kind of shit about them.

Honestly Filitsa, where do you think it is more likely to find gun running networks, in Ulster or in Cyprus?

What thes bums who write and edit this crap do not tell, and if told the picture changes entirely, is that corporate tax may be lower in Cyprus, but your PERSONAL TAX, still has to be paid on the profits reported and a company registered in Cyprus cannot postpone the allocation of profits for more than two years. Once you add up corporate tax and personal tax from a company the total comes to 35 per cent tax, which is higher than most countries around the world and the figure demolishes the "Tax Haven" title for Cyprus.

Want a tax haven go to British Gibraltar!

Yes Nikitas, I read the article. I've also read a few others that substantiate it. If, per chance, you too care to read a couple of them, I've provided the links below.

In the first link, you might want to pay particular attention to Case Study #3, pertaining to Milosevic's money laundering via Cyprus, which is about a third of the page down. You will find that what you regard as "gossip," Carla del Ponte established as fact during Milosevic's tribunal.

In the second link, allow me to call your attention to the article's subtopic entitled "Cyprus Income Tax." Click on "Double Tax Treaties." There you may learn why Cyprus is so enticing to foreign "entrepreneurs" despite the personal tax.

http://www.drmcc.org/dyndocs/4680ed48d4e5e.pdf

http://www.lowtax.net/lowtax/html/jcy2tax.html

Regards.

There’s far too much junk in your Forbes article to go through. Cyprus’ tax agreements are perfectly legal so if you want to investigate fraud you are perfectly located.

The Forbes article is short. My directions through the links are very simple and straight forward. The legality of the agreements are not in question; the methods of execution and verification are. Your attempt to deflect the issue with your last statement is not relevant to the topic, which involves Cyprus and not where I am "perfectly located." All in all, your response was mighty lame, which begs the question of why you bothered. Nevertheless, I understand you, GR: you'll invest the time to read only if it suits your agenda. In this case, it doesn't ... yet you felt compelled to respond with nothing of relevance. Hmmm ...

[Get Real!]

Filitsa,

Have you read that piece of garbage in Forbes that you linked us to?

It starts with a long list of unfounded gossip to conclude that since 2004 Cyprus has changed its laws but still offers a low corporate tax rate. SO WHAT?????

Ireland has a low corporate tax rate, but it also has a whole bunch of Irish American politicians in Congress and no one writes that kind of shit about them.

Honestly Filitsa, where do you think it is more likely to find gun running networks, in Ulster or in Cyprus?

What thes bums who write and edit this crap do not tell, and if told the picture changes entirely, is that corporate tax may be lower in Cyprus, but your PERSONAL TAX, still has to be paid on the profits reported and a company registered in Cyprus cannot postpone the allocation of profits for more than two years. Once you add up corporate tax and personal tax from a company the total comes to 35 per cent tax, which is higher than most countries around the world and the figure demolishes the "Tax Haven" title for Cyprus.

Want a tax haven go to British Gibraltar!

Yes Nikitas, I read the article. I've also read a few others that substantiate it. If, per chance, you too care to read a couple of them, I've provided the links below.

In the first link, you might want to pay particular attention to Case Study #3, pertaining to Milosevic's money laundering via Cyprus, which is about a third of the page down. You will find that what you regard as "gossip," Carla del Ponte established as fact during Milosevic's tribunal.

In the second link, allow me to call your attention to the article's subtopic entitled "Cyprus Income Tax." Click on "Double Tax Treaties." There you may learn why Cyprus is so enticing to foreign "entrepreneurs" despite the personal tax.

http://www.drmcc.org/dyndocs/4680ed48d4e5e.pdf

http://www.lowtax.net/lowtax/html/jcy2tax.html

Regards.

There’s far too much junk in your Forbes article to go through. Cyprus’ tax agreements are perfectly legal so if you want to investigate fraud you are perfectly located.

The Forbes article is short. My directions through the links are very simple and straight forward. The legality of the agreements are not in question; the methods of execution and verification are. Your attempt to deflect the issue with your last statement is not relevant to the topic, which involves Cyprus and not where I am "perfectly located." All in all, your response was mighty lame, which begs the question of why you bothered. Nevertheless, I understand you, GR: you'll invest the time to read only if it suits your agenda. In this case, it doesn't ... yet you felt compelled to respond with nothing of relevance. Hmmm ...

No no no no.... there's far too much BOLLOCKS in your article to respond to. Only around 10-15% of what is there is true but I can't be bothered countering all that. I read this pile of shit way before you did ages ago.

[Get Real!]

Eat your heart out girl...

Cyprus Leader Aims To Discuss Tax Code

"Cyprus remains one of the biggest sources of foreign direct investment for Russia, therefore its role as an offshore haven would top the agenda for a Christofias-Medvedev meeting," said Vladimir Osakovsky, chief economist at UniCredit Bank in Moscow."
http://www.themoscowtimes.com/article/600/42/372441.htm

PM sees Cyprus visit as the start of fruitful co-operation
http://www.gulf-times.com/site/topics/a ... rent_id=16

Cyprus and Armenia agree to enhance relations
http://www.financialmirror.com/News/Cyp ... News/12651

Advantages of Cyprus…
http://www.aspentrust.com/EN/cyprus_in_ ... yprus.html

[Nikitas]

Filitsa my dear,

I was a business lawyer for some years, a major part of them working for a major, and I mean MAJOR US company. Tax law was part of my daily routine. We had ofices in every country in Africa and the Middle East. Along with registered offices in Delaware (the tax haven of the USA).

Double taxation laws are a matter of course between nations, ie Cyprus and the USA have agreements that they will not tax their nationals who have alread been taxed in each other's jurisdictions.

So a company registered in Cyprus, doing its business outside of Cyprus will pay 10 per cent corporate tax. This payment precludes it from being taxed in the USA. However, it does not help if the company has premises and business dealings inside the USA.

But, what you do not apparently get, is that after that initial corporate tax the income derived by the shareholders will be taxed at regular Cyprus PERSONAL income tax rates which reach the same levels (give or take a few points) as USA tax. It is not allowed to keep undistributed profits longer than two years and so evade personal tax in Cyprus. At two years after registration the company owners will pay 37 per cent total tax which is comparable to the USA. There goes the tax haven idea!

Cyprus companies must have fully identified persons (legal or natural) as shareholders with fully legalised and apostiled identity documentation, ie there are no "straw man" loopholes, therefore no ways to launder money. There goes the laundering charge.

Can you say the same for US registered companies in places like Delaware and Nevada?

As for the Milosevic money, there was transportation of money, not laundering in the sense that is used in US law, ie turning dirty money into legally useable funds and thus avoid the charge of "invisible means of support". Del Ponte determined that cash was moved by Serbian personnel in their planes, at the request of their central bank. Why did she not issue an indictment against ANYONE regarding these "revelations"? Possibly because there was no crime involved?

[Nikitas]

This is from the site lined by Filitsa:

"Most treaties follow the OECD Model Convention, although the US Treaty follows the most recent model of United States Agreements. Normally speaking, therefore, the country of residence will give a credit for taxes paid in the other treaty country. The Cyprus offshore entity qualifies for treaty protection under all the extant treaties except those with Canada, France, the UK and the USA, and even in those cases the limitations apply only to flows of income to Cyprus, and not to income flows from Cyprus to the countries concerned."

It is legalese talk that says that between Cyprus and other nations the double taxation deals follow OECD guidelines and the one with the USA is dictated by the USA on its terms.

So where is the problem Filitsa?

[Nikitas]

This arrogant attitude is reflected in the US visa rquirements too. Only one country had the self respect to do something about it, Brazil.

The Brazilians impose the EXACT same rquirements for visas to American travelling in Brazil as America demands of Brazilians. It is a brilliant application of the principle of mutuality.

As the world economy shifts and the USA is no longer the larget market, things will change. Americans will become more humble in some mundane things, like learning to do business like regular people, and accept credit cards from lesser mortals. Oh, yes, and they will learn that Athens is not (only) in Georgia. Dont laugh, I am a victim of that particular blunder.

[connor]

GR...What a prick you are...!

Have also used my credit card to purchase many items from the USA...but on this occasion you can see the result.

Go to the site and try to purchase something mate.

I did not offer my credit card details but simply made an enquiry as to the availability of a certain part and asked what it would cost to post the item to Cyprus.

By the way my credit rating is all ok...Prick..!