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The tax turbulence was caused by the world-famous director Ingmar Bergman and the writer Astrid Lindgren. As a result, the Social Democrats, who had been in power for 44 years, lost the elections. Art Saves the World Tax Administration Humiliates Ingmar Bergman These two cases seemed important in the context that in Bergman’s case, the […]
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We advised GS Core on applying for an operating licence from the Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon). GS Core is part of the Swedish financial holding company Marginalen AB and is involved in both credit purchasing and credit management. The client submitted the licence application to Finantsinspektsioon on 13 September 2024, which made […]
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Unlike Lithuania, where the CIT rate increased from 5% to 6% (for small businesses) and from 15% to 16% for others, there are many more changes in Taxes in Estonia. What exactly has changed there? Income tax CIT and PIT rates increased from 20% to 22%; The 14% CIT rate (+7% PIT if the recipient […]
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I wrote about the info obtained by the ‘Financial Times’ in the UK about the increasing number of cases of voluntary income declaration. We also have a similar law, which allows you to obtain info. Freedom of Information Act FT was based on the UK Freedom of Information Act. Could a similar Latvian law be […]
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The FT reports that the number of people reporting their undeclared foreign assets to the UK tax authorities has increased by 22%. Why are people reporting more often? People are not reporting voluntarily What has forced them to do this in the last year? The Financial Times article says that: The UK budget has allocated funds for […]