The Cyprus Bail-out
As you are no doubt aware, the last few days saw turmoil in Cyprus, due to a banking crisis brought about by the financial problems faced by the two largest banks in Cyprus, namely the Bank of Cyprus, and Laiki…
The Case of Economic Substance
Whenever an international group establishes structures where there would be a holding company in a low tax jurisdiction and there would be subsidiary companies in the so called high tax countries, substance has become a crucial consideration at the holding…