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10 years celebration

Internationalization

"Zagamilaw" International Law Firm, with its offices in New York, Toronto and London and thanks to the collaboration with its correspondent Partners, offers its activity of international consultancy and legal assistance both towards Italian clients living abroad and foreign clients living in Italy.

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Rome

Why choose Zagamilaw

Our team is composed by young, competent and motivated people that would be able to give you suggestions about every aspect of your matter. When we are engaged by a client for a legal case, the same client and the same case become to us absolutely important, in fact every professional of Zagamilaw will constantly assist you with the aid and supervision of the Firm's founder Lawyer Paolo Zagami

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Reggio Calabria

Recruiting

"Zagamilaw" International Law Firm, with its offices in New York, Toronto and London and thanks to the collaboration with its correspondent Partners, offers its activity of international consultancy and legal assistance both towards Italian clients living abroad and foreign clients living in Italy.

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New York

Feedback

“Zagamilaw is a fast growing and international business oriented law firm which offers assistance on all legal aspects of Italian residential and commercial real estate transaction and has been appointed between the Top 5 Italian Law firm for the Real Estate sector." - Corporate International Magazine

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Toronto City

International Tax Planning

The International Law Firm "Zagamilaw" is able to assist and advise companies and businesses wishing to implement an efficient international tax planning through proper allocation in different countries of their income derived from investment and management functions of the group, taking into account the different tax regimes and different tax rates adopted by each member, according to a general principle of legal supremacy of internal rules than those of other countries, subject to the existence of international agreements that address conflicts of imputation or double taxation.

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London

Bermuda and Cayman Islands listed as world’s most offensive tax havens

10.10.2016 « Back

Bermuda and the Cayman Islands have been named as the two most offensive corporate tax havens in the world in a new report examining the impact that tax-dodging corporations have on the world’s poorest people.

The report, by the international charity Oxfam, lists the two British territories because of the zero-rated corporate income tax and what the charity said is a lack of cooperation with international efforts against tax avoidance.

Responding to this latest critical report, Cayman Islands financial services minister, Wayne Panton, accused Oxfam of making errors on its list and of exploiting misinformed public opinion, as part of an agenda to influence the public policy of G20 countries.

“It is unhelpful at best,” Panton said about the report.

“Indeed, it may be detrimental to the overall shared goal of combating criminal behaviour and addressing income inequality. Oxfam’s overriding error is their failure to differentiate between capital flows and profit shifting.”

Panton explained that to engage in profit shifting, a country must attract significant multinational corporations, or MNCs.

“Cayman does not have this type of business. We do, however, receive capital flows that are used to the benefit of other jurisdictions, via investment projects,” the minister added.

But Oxfam stated in the report that there is a destructive race to the bottom on corporate tax.

This has seen governments across the globe slash corporate tax bills to attract business. But that competition between governments in every region of the world to offer ever more favourable tax rates to global corporations and the super-rich is damaging their own economies as well as those of developing countries and is not in the public interest, the charity pointed out.

“Tax revenues are needed to fund public goods and services, which contribute to the reduction of poverty and to the development of social and economic infrastructure,” Oxfam said.