Plans for local government to gain new powers and retain local taxes set out by George Osborne On 5 October the Chancellor set out plans to devolve new powers from Whitehall to local areas to promote growth and prosperity by attracting business and creating jobs. Local government will be able to retain 100% of local…
The tax system in the United Kingdom is not easy to explain to foreigners. Arguably UK has the longest tax code in the world since 2009. Then international legal research company LexisNexis revealed their finding that the UK tax code has more than doubled in size since 1997, reaching 11,520 pages. The annual changes to…
Less than half a year has passed from e-resident concept winning the development ideas’ contest organised by the Estonian Development Fund. From December 2014 the nationals of foreign countries can apply for an e-resident’s digital identity card for 50 euros. The Estonian Police and Border Guard Board’s service point has to be visited twice for…
E-residency: explaining the functioning of e-residency in Estonia From December 2014 foreigners are able to apply for the digital identity card of an e-resident of Estonia without Estonian habitual residence. A digital identity card (digital-ID) allows to use Estonian public and private services, digitally sign documents and encrypt files with a chip card similar to…
Based on Commission’s assessment, and on the European Central Bank’s own Convergence report, the Commission proposes that Estonia adopts the euro in 2011. Assessment of Estonia Inflation The average inflation rate in Estonia during the 12 months to March 2010 was -0.7%, well below the reference value of 1.0% for the same month, and likely…