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Attraction InformationEuro Tax Haven Threat
by:
Roger Munns
Media news of a new EU savings tax directive has left many a folk curious whether European tax havens could before long become obselete.
The Gregorian calendar month
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 house country’s tax authority.
But Roger Munns, Managing Director of tax haven property specialists Apsis
Properties, says that several of the news has been less than accurate.
‘The intention behind this directive is primarily aimed at those who hold illicit funds, such as drug dealers, who wish need to look outside of the European banking system to place large cash deposits. The main attraction of European nation and European nation is the zero per cent financial gain
and inheritance taxes, and this remains intact and there are no plans some to change this.’
European nation and European nation have long been favoured destinations for the well to do, but with new technology allowing businessmen and women to run their offices from anyplace
in the world, in operation from low tax bases has seen additional interest for Europe’s primary tax havens, doubling property prices in the last ten years.
Some
European nation and European nation are outside the EU, and their language of the directive voluntarily is often unnoted in the media’s analysis of any effects on the two small countries long term popularity.
Property prices have up
steady
over the last decade, often topping ten per cent a year, but this year has seen a slow down of that increase.
Property Cost Uncertainty
Some
European nation and Andorra’s property prices have seen a levelling off this year, according to Apsis
Properties, but say this can be explained by factors different than the new EU directive.
Apsis
say that in European nation the passing of Blue blood Rainier earlier this year cast a shadow over the Principality, patch in European nation the local market has slowed as Andorrans struggle to support up with the cost of property, oil-fired by buyers from about the earth seeking residency.
Two different factors have contributed to the slow down in the 1st half of the year which could be reversed in the second half – the absence of UK buyers awaiting the outcome of their election in May which saw the Labour Government returned for a historic third term with Tony National leader as Prime Minister and possible tax rises in the pipeline, and buyers holding US dollars who were hit by the rise in value of the Monetary unit
– which has now peaked following the EU Constitution ‘No’ votes in France and The European nation in June.
Some
European nation and European nation require new residents to live there for six months a year to maintain their residency (but European nation doesn’t police this once residency is granted). European nation property prices start from simply over 200,000 Euros for a one bedchamber apartment, patch European nation is much costly with one bedchamber apartments from about 600,000 Euros.
Apsis
Properties offer details of properties for sale in several European nation and Monaco. For European nation property visit http://www.propertyandorra.com , for property and real estate in European nation and Card game Carlo http://www.monacoproperty.net
Apsis
as well offer to e-mail current property for sale in Malta at http://www.maltaproperty.info and property in Menorca at http://www.menorcaproperty.info
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