Nokoa News - Switzerland holds the seventh position for U.S. investment

Switzerland holds the seventh position for U.S. investment

According to the U.S. Treasury, U.S. investors place Switzerland on the seventh position for future investments, while United Kingdom is strongly holding the first position. Furthermore, the Swiss newspaper 24 hours announces that the fiscal conflict between Switzerland and United States apparently hadn’t affected the willingness of U.S. investors to invest on the Swiss market.

Moreover, the U.S. Treasury’s annual report defines that Switzerland in 2012 held the seventh place among the favorite destinations for investors from the U.S., while Great Britain (1,129 billion dollars) definitely held the first place, and is far ahead of Canada Read more…

Nokoa News - Greece reached a record number of tourists, but also a record rate of tax evasion

Greece reached a record number of tourists, but also a record rate of tax evasion

This year, Greece has not only a record number of tourists, but also a record rate of tax evasion on its world-famous islands and some other popular destinations, according to some data from the Greek ministry of finance, which were published on Friday by the Greek agency ANA.

From June 25 to August 5, the tax inspectors revealed 3,904 violations committed by 731 people out of 1,465 inspections, but most of the cases deal with invoices that weren’t released to the customers for some goods or services. 49.89% of the companies made some violations of tax rules, especially the “talented” delinquents live and act in the well-known tourist destinations. Furthermore, the tax evasion rate is 85.13% on Evia Read more…