Getting the facts straight and dispelling myths
I’m surprised sometimes by the amount of misconceptions there are about UK inheritance tax. Many people who are otherwise financially aware fail to look into inheritance tax planning, because they
Billion dollar viatical shock wave breaks
In last week’s The Resident, we reported that Fort Lauderdale-based Mutual Benefits Corp (MBC), a company selling viatical life insurance policies, had been suspended from trading. Federal and state agents
Huge tax fraud
According to a report in the Jornal de Negócios business newspaper, more than half of Portuguese companies declared a zero or negative balance in 2002 in order to avoid paying
Global aviation suffers
According to the ATAI – International Aviation and Transportation Society – the aviation business could profit between 1.6 and 3.2 thousand million euros this year. An ATAI spokesperson revealed that
Mafia swindles big business
Around 300 Portuguese businesses and the country’s entire banking sector have been revealed as the victims of a giant swindle involving seven million euros. So far, police have arrested 49
Entrepreneurs urge reforms
Delegates at the high profile Portugal’s Promise conference have unveiled a list of 30 proposals aimed at improving the performance of the economy and the state. A total of 500
Inevitable closeness to Spain
Closer economic integration between Portugal and Spain is “inevitable and desirable”, in the view of Durão Barroso. The Prime Minister was speaking at an Iberian economic forum in Madrid, attended
New stats
The EU’s research agency, Eurostat, has released research that suggests that, when analysed as a percentage of total consumer expenditure, the Portuguese are the EU’s biggest spenders on food and
Petrol prices up
Latest figures show that the cost of a tank of petrol or diesel increased soon after price liberalisation came into effect on January 1 and experts predict that there will