Euro Tax Haven Threat

Written by Roger Munns

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 ofrepparttar 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 ofrepparttar 147823 European banking system to place large cash deposits. The main attraction of Monaco and Andorra isrepparttar 147824 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 forrepparttar 147825 well to do, but with new technology allowing businessmen and women to run their offices from anywhere inrepparttar 147826 world, operating from low tax bases has seen added interest for Europe’s primary tax havens, doubling property prices inrepparttar 147827 last ten years.

Both Monaco and Andorra are outsiderepparttar 147828 EU, and their signing ofrepparttar 147829 directive voluntarily is often overlooked inrepparttar 147830 media’s analysis of any effects onrepparttar 147831 two small countries long term popularity.

Property prices have risen steadily overrepparttar 147832 last decade, often topping ten per cent a year, but this year has seen a slow down of that increase.

Cheap Loans Till Payday - Using Cash Advance Loans In An Emergency

Written by Carrie Reeder

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Getting a loan till payday is a painless process that can help you solve your immediate financial needs. With up to 30 days to repay your loan,repparttar 147801 terms offered by online payday loan companies have never been easier. A quick application and you are done. Your personal information is verified and you are approved for your loan. It's as simple as that. Cheap rates and easy repayment terms make getting a loan till payday an easy process. Most ofrepparttar 147802 time you can be approved for a loan till payday without having to fax any documents at all.

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