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Zoe Kokoni The Republic of Cyprus has once again kept its promise to international investors and introduced – on July 9 2015 – amendments to its tax legislation making the jurisdiction more attractive than ever before. The purpose of these amendments is to clearly establish Cyprus as the leading tax jurisdiction in the European Union, attract even further investment in Cyprus while at the same time harmonising its domestic laws with EU obligations. In a nutshell, the new tax legislation is as follows:

Canadian PM Harper: I enjoy watching movies Source: presidencia.gov.ar licensed under CC BY-SA 2.0 Canadian Prime Minister Stephen Harper unwittingly became the butt of a Twitter joke in August after releasing a TV advert against the 'Netflix tax' which he claims opposition parties could seek to implement. The conservative politician said: "Something you might not know about me is that I love movies and TV shows." Sure, Stephen, along with the rest of the population. Tax Relief wonders if he also enjoys breathing oxygen and eating regular meals.

Mohamed Ezz 'Free zones' are one of the distinguished investment patterns where an investor can establish, set up and start his own project under the umbrella of this system. This system provides to the investor several benefits related to goods movement, either in or out, without dealing with different procedures in relation to customs, import, monetary system and other aspects of the procedures applied in similar transactions where the project is established under the aegis of the free zone system. In Egypt, the free zone system is regulated by Incentives and Securities of Investment Law No 8 of 1997, its executive regulation and modifications. This system is applied by the General Authority for Investment and Free Zones (GAFI). According to the regulations, while the free zone areas are located in Egypt, they are considered to be offshore areas.

Sermon on the right amount? John Oliver set up a tax deduction church

"America leads the world in innovation and R&D. In fact, Kendall Square in Cambridge is home to the highest concentration of R&D in the world. However, our grip on this title is slipping. One of the main culprits is our broken and outdated tax code, which remains a rotary phone in a smart phone world."

Bob van der Made Selected issues discussed:

Alexander Wenzel

Vetta Zournatzidi Greece's widely-reported VAT reform package has been officially voted by Parliament. The package seeks to boost VAT revenues through the amendment of VAT rates, the gradual abolishment of the favourable VAT rates for Greek islands and the adoption of measures to improve VAT collection. Greece has embarked on a reform of its VAT system to secure financial assistance from the European Stability Mechanism (ESM), since "streamlining of the VAT system and broadening of the tax base to increase revenue" were set by the Euro Summit as prerequisites for the conclusion of an agreement.

Under Indian law, capital gains on the transfer of shares of an Indian company are taxable in India. However, under a few treaties, including Mauritius, the right to tax such gains has been ceded by India in favour of the seller's country of residence.

Giuliano Foglia