http://radioinfor.pl/player.php?mp3=http://g.infor.pl/p/radio/audycje_radiowe/2013_03_26_ekspert_zdarzenia_po_dniu_bilansowym.mp3&name=Ekspert%20Radia%20Infor.pl%20-%20zdarzenia%20po%20dniu%20bilansowym

Dear Quoracy.com subscribers,

We continue our efforts in upgrading and enhancing our services to you, both in context and quality.

In this respect, please find enclosed the Baker Tilly Klitou Tax Alerts for April 2013, in English and Romanian. The purpose of these Tax Alerts is to inform you about the latest tax legislation changes that could have an impact on your company’s activity: changes that affect our Tax Code, any legislative changes that are announced by the Ministry of Finance and any other Romanian tax related developments.

Our tax experts are always at your disposal in answering any queries that may arise from these Tax Alerts.

Kind regards,

Bucharest Office:

52 Splaiul Independentei, 050085 Bucharest, Romania

Tel: +40-213156100 |Fax: +40-213156102

mail: info

Web: www.bakertillyklitou.ro | Read our Email Disclaimer

Ro_TaxAlert_2April2013_en.pdf
Ro_TaxAlert_2April2013_ro.pdf
Ro_TaxAlert_5April2013_en.pdf
Ro_TaxAlert_5April2013_ro.pdf

English: Nicosia view from skyline by night (late evening). Lights, cafeterias and high rise buldings of banks and hotels in downtown Nicosia, capital of Republic of Cyprus (Photo credit: Wikipedia)

Dear Quoracy.com

We communicate with you to inform you about the latest developments of the ECB/EU/IMF troika financial assistance to Cyprus. Last Saturday the Eurogroup decided in favour of a financial assistance to be provided to Cyprus with a package of measures which include:

• an one off solidarity levy on bank deposits and credit balances of 6,75% for amounts of up to €100.000 and of 9,99% for amounts exceeding €100.000. This levy will apply to all bank accounts (current, deposit, notice etc.) with banks operating in Cyprus (local and international) and bank branches. Depositors will be compensated with the equivalent amount in shares in Cyprus banks, and a plan is being contemplated for those who will keep their deposits in Cypriot banks for the next two years to be given bonds linked to revenues from natural gas; and
• an increase of corporate tax rate from 10% to 12,5%.

The upside of Saturday’s Eurogroup decision is that the uncertainty over the Cyprus economy and the future of its major banks will disappear with the financial assistance agreement. The EU and the IMF have also confirmed that these measures will ensure that the Cyprus economy will be sustainable without any further support or measures.

As a firm, we believe that:

• the increase of the corporate tax rate by 2,5% will not negatively affect international business in any significant way as corporation tax affects mainly trading income. Most international companies in Cyprus are set up as investment holding companies or group financing companies. Cyprus companies will still benefit from full participation exemption on capital gains, full participation exemption on dividend income, no Cypriot withholding tax on dividends, interest and royalties, no thin cap rules, no CFC rules, no exit charges, effective tax on royalty income of 2,5% (from 2%), interest income being taxed on thin margin only and all the other current positives of the Cyprus tax regime. In addition, even with this corporation tax increase, Cyprus remains one of the lowest corporation tax jurisdictions in the EU.

• the imposition of the one off solidarity levy on bank deposits and credit balances in the Cypriot banking system is unacceptable as such a measure is unprecedented and undermines the European banking system. Shares in banks on major international stock exchanges took a pummelling on Monday (yesterday) as a result of the dangerous precedent that has been set.

The Eurogroup decision needs to be ratified by the Cyprus House of Representatives to be effective. The decision with respect to the levy on deposits has sparked huge public anger in Cyprus and beyond and it is currently questionable if the House of Parliament will ratify it – the Parliament is expected to hold a special session for this today at 6pm Cyprus time.

We shall keep you informed of developments on this important issue. Please feel free to contact us for further information, assistance or clarifications.

Related articles

• Cyprus Wins Exemption for Small Savers from Bank Levy (marketcurator.com)
• Bailout terms ‘death knell’ for Cypriot finance sector (ekathimerini.com)
• A look at Cyprus’ move to seize bank deposits (seattlepi.com)
• Eurogroup agrees to allow Cyprus to tweak deposit tax as long as agreed target is met (ekathimerini.com)
• Cyprus depositors face up to 10% haircut as part of bailout deal agreed at Eurogroup (ekathimerini.com)
• Cyprus seeks to alleviate pain from deposit raid (cbc.ca)
• Complete Eurogroup Statement On Cyprus (zerohedge.com)

Plaxo (www.plaxo.com) is an address book synchronising and back-up tool which has a number of interesting features such as the ability to access your contacts from the net, to import and export as CSV files, to send greetings cards to check duplicates and synchronise in a limited way with google applications, facebook and other social media.

The interface seems to offer a lot of benefits and certainly the ability to send greetings cards is a useful one. There are, however a whole series of issues and bugs and incomplete aspects to Plaxo which means that it can easily be superseded as the personal CRM of choice by any app maker able to sort out these issues more efficiently.

1) There’s no official Plaxo app on Android phones and so the synchronisation goes via Google Apps and is clunky. Whenever codeword security runs out, it seems to stop synchronising. Also the synchronising doesn’t seem to work well all the time and in my case telephone numbers have been moved from one person to another, which is very troublesome.

2) There are not really enough greetings cards and they are in too few languages.

3) Intelligent updating from the web of what our contacts are doing seems not to be working half the time. Occasionally the robot makes a half-hearted attempt to find and update people, but nowhere near what you’d expect for the annual fee.

4) Above about 3000 contacts and the site works slowly. It is unable to offer you a print out of the whole database at that size.

5) It often loses the pictures it has imported from facebook and doesn’t seem to be able to import any at all from Linked In. It cannot update calendars directly to Android, again only via Google apps.

6) It doesn’t deal properly with any scripts beyond basic Latin script, so it mangles names written even with Polish or Czech letters, leave alone Cyrillics or Chinese names.

7) The folders are a clunky interface, but even when you have done the work of putting contacts into the appropriate folders, they don’t carry through to the greetings cards area, so you cannot, for instance, make a folder of people who would receive, let’s say, and Eidh card or a more/less traditional Hannukah card and then easily access that folder from the greetings card area. Also send outs of more than about 200 cards per time tend to fail and need all that work to be done again.

These are my main Plaxo gripes. I am airing them in the hope that Plaxo will finally get their act together and repair their product before their remaining users find another app on the market among the choice which seems to be growing every day that does all the things that Plaxo is expected to do, but still fails to deliver.

Related articles

• Using Plaxo to Organize Your Contacts … and Find New Ones! (aquascapeinc.wordpress.com)
• I need a Plaxo Replacement (discussions.apple.com)
• Why Your Business Needs A CRM [And What The Heck Is It] (v3im.com)
• AllSync – Sync and Import your Contacts with Ease (Facebook & many more) – Riccardo Pietrucci (itunes.apple.com)
• Bitrix24 launches free collaborative CRM with integrated project management (betanews.com)
• Resco Introduces the Mobile CRM Extras (virtual-strategy.com)
• Four forgotten Google-made Android apps (reviews.cnet.com)
• How to Migrate from Google Reader to Feedly (teksocial.com)

English: The City of London skyline as viewed toward the north-west from the top floor viewing platform of London City Hall on the southern side of the Thames.

COBCOE have sent out the following invitation to two major London events that could be of interest to users of this service.

Dear friends and colleagues,

You are cordially invited to the following two events supported by COBCOE taking place in April in London.

London – 3rd April 2013

IBDE: Global Economic Forum – Best Practices in Trade and Investment Promotion

Held at the heart of the UK’s Financial an Trade Centre in the City of London this high level, targeted event, will bring together a wide range of senior policy-makers, executives from international Trade and Investment Agencies, diplomats, business leaders, economists as well as experts from participating sectors and institutions.

Further information, programme and registration available on the link below.
IBDE: Global Economic Forum

London – 8th April 2013

British Chamber of Commerce in Germany: London conference “The future of the European Union“

BCCG invite you to its London EU Conference to be held at the Commerzbank London branch in the City of London. Further information, programme and registration available on the link below.

BCCG: EU Conference

Please also don’t forget to book your place at
COBCOE’s 40th Anniversary Gala Dinner & Awards Ceremony on 10th April 2013 at the Guildhall
Full information in the flyer and on the link below
COBCOE Gala Dinner

We look forward to seeing you soon.

Kind regards,
Jelena

2013 Gala dinner – marketing flyer.pdf

Related articles

• Boris defends bankers on French radio (bbc.co.uk)
• London must capitalise on its many advantages as global city of choice (telegraph.co.uk)
• Low-life tourism: London sights it would be a crime to miss (independent.co.uk)
• A Guide to London’s Most Beautiful Gothic Interiors (epicatravel.com)
• London, City of the ‘Built’ from Thousand Bones? (bestbulletin.wordpress.com)
• VIDEO: Rail project finds ‘Black Death pit’ (bbc.co.uk)

In the above PDF, Baker Tilly Poland kindly share some of the news surrounding the new VAT and income tax changes in Poland that anyone investing or living in this country needs to be aware of.

Punch cartoon (1907); illustrates the unpopularity amongst Punch readers of a proposed 1907 income tax by the Labour Party in the United Kingdom. (Photo credit: Wikipedia)

The below pdf’s are only intended for your kind attention if you are all three of the following:

1. Someone who pays income tax in Poland
2. Someone who knows and likes my internet output (on blogs, on YT, etc) and
3. Someone who hasn’t already a decision in mind as to where to allocate their 1% of tax.

The idea is that you could help us without it costing you a penny. I would also like for it to be not at the cost of any other worthy causes you may already be supporting, so please don’t take this as a request to divert to my family’s charitable funds away from anyone who is used to receiving your help.

james_george
james_elena
james_tatiana

Many thanks to those who are willing to take the trouble to include one of my family in their tax return.

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• Dogs vs. Cats: Which One Cost You More? [Photo Infographic] (turbotax.intuit.com)
• Why is Canada Revenue Agency (CRA) promoting unencrypted web sites for netfiling? (philipramsey.blogspot.com)