Australia’s new budget: more deficits to come
Australia’s new budget was unveiled last week by Treasurer Wayne Swan. The new budget projects that Australia will remain in deficit until 2016, with the government facing a A$19.4 billion shortfall for the current fiscal…
What is a free trade zone?
A free trade zone, otherwise known as an export-processing zone, is a specially designated area within a country that is exempt from certain regulations on taxation and trade. These areas are set up to promote…
Healy Highlight – Investing in New Zealand
When most people think of New Zealand, the first thing that comes to mind is one of three things: rolling hills covered in sheep, fresh and creamy milk, or the Lord of the Rings franchise…
Offshore Banking Explained
Many entrepreneurs and individuals have heard about offshore banking, but are unsure about the benefits, legal implications, or even what it entails. By gaining a better understanding of offshore banking, entrepreneurs can decide whether it…
Investing in Australia
Australia is a developed country with a population of 22 million. The country is rich in many natural resources and is ranked highly in many global comparisons of factors such as quality of life, healthcare…
Singapore Company Formation
International Tax Update
Bailout takes its toll on Cyprus Cyprus’ Parliament has passed legislation that will raise corporate taxes to 12.5% (up from 10%), increase…
Singapore’s Exchange of Information regime up to global standards
The Ministry of Finance said last week that the Global…
Government awards grants to Singapore start-ups
15 tech start-ups received a total of S$6.0 million in…
International Tax Update
Singapore tax information exchange Singapore Minister for Finance Tharman Shanmugaratnam…
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Hong Kong tax update
Tax havens under increasing pressure The global tax landscape has been changing quite a lot over the past few months, with more and more tax havens and offshore asset management centers giving in to demands by governments and regulators to increase transparency and open their…
Healy Highlight – Vietnam
Vietnam is one of the fastest developing nations in South East Asia. Because of its location alone, it has been a magnet for foreign direct investment. But there is more to Vietnam than its advantageous position at the center of Southeast Asia: it is expected…
Singapore may overtake Switzerland as world’s largest offshore wealth hub
A report by London-based research firm WealthInsight says that Singapore may overtake Switzerland in terms of offshore assets under management as early as 2020. Singapore currently has US$550 billion in assets under management, which is up more than tenfold since 2000. The report said that…
Flight delays bring US budget discussions back to the fore
Flight delays have been rippling across the United States as automatic budget cuts which began in March have started to make themselves felt. The Federal Aviation Administration (FAA) has been forced to impose unpaid leave of absence on 47,000 of their workers as it struggles…
Healy Highlight – South Africa company registration
South Africa is one of the most sophisticated and promising emerging markets. With its world-class research and development and an impeccable financial infrastructure, South Africa is the economic powerhouse of the African continent with a GDP of R2.3 trillion (US$309bn), or 30% of total African…