Companies claw back almost two-fifths of cash paid out to shareholders since start of financial crisis

Britain’s credit standing has suffered a further blow after Fitch became the second international agency to strip the country of its AAA rating.

Most law-abiding EU country after Germany - Estonia and the state, whose title has become synonymous to the word "offshore" - 10/25/2012 Cyprus signed an agreement on double taxation. This act can be considered Estonia an asymmetric respondd to Latvia proactive position of attraction venture capital to the country.

Singapore and Jersey - two offshore, whose services are in regular demand by employers, leading international business, have taken a step to improve their economic attractiveness. Two jurisdictions have come to agreement on avoidance of double taxation.

Saturday 20/10/12 Hong Kong NKMA for the first time since December 2009, had an intervention to stop the strengthening of the dollar against the U.S. dollar. Inflow of speculative capital into the region, caused by ultra-soft monetary policy in the U.S. and Europe, forced the authorities to sell its currency by more than half a billion dollars.

Since January 1, 2013 profits will be withdrawn from the tax from the sale of Latvian companies interests in other legal entities, as well as dividends and royalties paid or received from non-local businesses.

The Parliament of the Republic of Cyprus again adopted another amendment to the tax law in order to increase the competitiveness of the tax system for international business and attract new investments in the country.