๐ช๐บ The European Commission has published a draft regulation on the cryptocurrency market. The new law will establish more stringent requirements for cryptocurrency companies: for example, it will introduce licensing of its activities and a minimum authorised capital of โฌ350,000.
"Friends and neighbours complain that taxes are indeed very heavy, and if those laid on by the government were the only ones we had to pay, but we have many others, and much more grievous to some of us. We are taxed four times as much by our folly."
Benjamin Franklin
๐จ๐ญ Residents of Switzerland don't pay taxes on income that they receive in another country. A lump-sum tax exact amount is calculated separately in each region and for a particular taxpayer.
๐ฒ If you are interested in international taxation, contact us at +442045770914.
โฐ To offer telematics-based insurance policies insurers collect and process data from terminal equipment, which will be regulated by the new e-Privacy Regulation.
๐ธ It will eventually make it more difficult and riskier for insurers to offer consumers this innovative product.
Telematics-based insurance policies allow consumers to customise their insurance policy according to their driving habits. For example Pay As You Drive insurance calculates the premium based on the actual mileage.
It can benefit those who want to take control of insurance costs.
Here are the types of coverages weโll ask about:
๐ธ Health Insurance
๐ธ Term Life Insurance
๐ธ Home or Renters Insurance
๐ธ Auto Insurance
๐ธ Long-Term Care Insurance
๐ธ Identity Theft Protection, etc.
โ๏ธ Our Insurance Coverage Checkup is a tool that tells you if you have the right coverages based on your individual needs. Also it reveals what you don't need - so you can stop lining the pockets of insurance companies and keep more of that hard-earned cash in your pocket.
Types of Title Insurance ๐
1๏ธโฃ Ownerโs Title Insurance
โก๏ธ This one covers you from being sued if someone has beefed with your property.
2๏ธโฃ Lenderโs Title Insurance
โก๏ธ This protects your lender or mortgage company from any title issues with the home.
Whether you'll be obligated to pay capital gains tax or asset transfer depends on the ownership structure at the moment of the sale
It can occur either when you sell the property itself if it's an asset deal or sells the company you purchased through if it shares the agreement.
โ If you do not file a tax return on time, you will have to pay the penalty for late registration. For example, in Germany, the taxpayer is penalised for each month of delay by 0.25% of the accrued tax. So, for a total tax of โฌ10,000, you have to pay โฌ25 per month.
Tax deductions - what can they be? ๐ค
๐ถ For example, spouses raising children in Germany can claim a special tax deduction of โฌ8,388 per child. If the child's parents do not live together or are divorced, each can get half of this amount. The state also pays child benefits.
What happens if I cause the accident and have no car insurance? ๐ค
The other driverโs insurance would typically kick in to cover their expenses in a no-fault state. But you could still be sued by the other driver. And remember, youโd need to cover your expenses out of pocket.
Basic tax planning strategies in two words:
1๏ธโฃ Know your bracket ๐
2๏ธโฃ Reducing your income ๐
3๏ธโฃ Increasing your deductions ๐
4๏ธโฃ Utilizing tax credits ๐
๐ถ Tax planning keeps money and allows you to avoid overpaying your taxes.
๐ธ Aside from that, tax planning will assist you in better understanding what youโre spending money on and how you can get rewarded for scheduling for retirement or increasing your education.
What are the most common retail liability insurance claims?
๐ถ There are 3 types of liability claims for retail businesses:
1๏ธโฃ Bodily injury;
2๏ธโฃ Property damage;
3๏ธโฃ Cyber liability.
These days, security is a multi-step process that requires an investment of time and energy.
Top 8 most unusual taxes in the world. Part 2
1. Gypsum tax. Austria ๐ฆ๐น
2. Disposable chopstick tax. China ๐จ๐ณ
3. Barbecue tax. Belgium ๐ง๐ช
4. Cow farts tax. Estonia ๐ช๐ช
Here are some unfortunate potential consequences if you donโt have retail insurance:
๐ง You foot the bill for your legal services.
๐ง You canโt secure the contract youโre after.
๐ง No proof of insurance? No event presence.
๐ง Unforeseen complications offsite.
Top 8 most unusual taxes in the world. Part 1
1. Tax on leaving the country. Japan ๐ฏ๐ต
2. Tax on the use of social networks and messengers. Uganda ๐บ๐ฌ
3. Tax on the sun. Balearic Islands, Spain ๐ช๐ธ
4. Tax on the shadow, Venice, Italy ๐ฎ๐น
3 types of liability claims for retail businesses:
1. Bodily injury ๐
One of the most critical responsibilities.
2. Property damage ๐
Injury is a concern, but so is property damage.
3. Cyber liability ๐
Digital risk and your liability exposure are growing.
Letโs talk about Business Interruption Insurance
WHAT IS BUSINESS INTERRUPTION INSURANCE?
Business interruption insurance is designed to replace a source of business revenue suddenly reduced or eliminated by certain disruptive events. This coverage... https://t.co/GQSoXyL93k