COMPANY MANAGEMENT WEALTH MANAGEMENT TRUSTS AND SUCCESSION TAX PLANNING CONTACTS Orphanides – Cyprians Not Equal Under EU law Posted on May 13, 2017 by wobby As the banking crisis enters its third day, with no end in sight, the former chairman of the Cyprus Central Bank and member of the board of the ECB, Ethanias Orphanides, accused northern European governments of blackmail and prognosticated the slow death of the EU as a result. Source: Bloomberg Surviellance Meanwhile the Cyprus parliament is about to vote on the watered down package which would protect deposits of less than 20,000 Euros. Some reports suggest that a majority is holding out for a threshold of 100,000 Euros while Russian elements, including the Russian government and oil giant, Gazprom, manouvre for positions in military bases and controlling interests in Laiki Marfin bank. Posted in Latest News. Post navigation ← Cyprus bank ‘bail in’ Would the EU’s Depositor Tax… → Overview Ethos Advisors Briefings MD Programme WM Programme Investments: Index Linked Strategy for Trustees Library Cyprus World Essays Double Taxation Conventions Hague Convention Archives & Downloads Professional Journals Professional Journals STEP © 2020 London Trust & Fiduciary Co. Limited

COMPANY MANAGEMENT WEALTH MANAGEMENT TRUSTS AND SUCCESSION TAX PLANNING CONTACTS TAX PLANNING We begin this overview with a question: what should one look for when choosing a jurisdictional location for tax planning? It used to be said that the chosen country had to be politically stable and economically well managed. It must possess a well educated and qualified workforce, modern communications and other relevant infrastructure. While these qualities remain very important to this day there is the rider nowadays that entrepreneurs and wealth managers are looking for more. This “extra” occurs when a country is perceived to be highly disposed towards foreign investment. Often this manifests itself when a government and all other departments of state are as one as to the primary importance of foreign investment for that country’s long term development and future. Such favourable perceptions take the form of uniform proofs across the board that the government has consistently and repeatedly: – Enacted attractive tax laws; – Interpreted those laws in a way that attracts foreign investment; – Promoted being used as a conduit for the purposes of tax planning; – Supported and funded the completion of double taxation treaties. Although tax planning does not lead but follows and compliments business and investment objectives, via careful navigation of tax laws, tax planning presents a significant opportunity for wealth managers to avoid double taxation, defer tax and boost investment returns. Overview Ethos Advisors Briefings MD Programme WM Programme Investments: Index Linked Strategy for Trustees Library Cyprus World Essays Double Taxation Conventions Hague Convention Archives & Downloads Professional Journals Professional Journals STEP © 2020 London Trust & Fiduciary Co. Limited