Europe: Tax

Until April 2012, it had been looking like a rather quiet quarter on the sovereign risk front.

On May 8, 2012, the Prime Minister Jean-Claude Juncker presented to the Chamber of Representatives the annual "State of the Nation" speech regarding the economic, social and financial country’s situation.

The Chancellor of the Exchequer announced the 2012 Budget on 21 March. While aspects of the Budget are clearly favourable to UK business, particularly the reduction in the main rate of corporation tax to 24 per cent from 1 April 2012 with further reductions in the rate to 22 per cent to come by April 2014, the specific measures introduced in relation to real estate are less positive and largely anti-avoidance in nature.

Here is the scenario; You have been making the most of Portugal's fantastic tax regime for Non-Habitual Residents (NHRs) for the last 9 years. But you know that your NHR status will come to an end after the 10th year, and, if you stay in Portugal, you will have to pay tax at the standard Portuguese rates once it does end

The legal amendment was introduced by the Bundesrat and supplemented by the Finance Committee in its proposed resolution in the Annual Tax Act. Its goal is to provide greater legal certainty and close tax loopholes...

It is important that UK inheritance tax is taken into careful consideration, in particular by individuals who have assets in the UK.

On 15 July 2025, the Luxembourg government submitted a series of governmental amendments to draft law n°8082A (the "Draft Law") on property tax (impôt foncier, "IFON")...

It is important that UK inheritance tax is taken into careful consideration, in particular by individuals who have assets in the UK.

Switzerland is a friendly place to start a business, with many international companies having their headquarters in the country.

A financial contribution for EU companies has been included in the latest EU Own Resources proposal published by the European Commission on 16 July 2025.

The Cyprus Non-Domicile regime (or non-dom) hinges on a person's domiciliation.

Firstly, it is important to understand that tax residency and legal residency are two entirely different things and it is essential not to confuse the two.