Again Quote by Athanasios Orphanides
“Cyprus had developed its financial center over three decades ago by having double taxation treaties with a number of countries: the Soviet Union, for example. That means if profits are booked and earned and taxed in Cyprus, they are not taxed again in the other country.”
About This Quote
Cyprus leveraged double taxation treaties to attract finance, creating a tax-efficient hub for multinational profits.
In simple terms: Tax treaties helped Cyprus become a finance center.
Key Takeaway
Use tax incentives to attract business investment.
Themes
tax policy
financial hubs
international business
economic strategy
Mood
analytical
critical
Type
economic
policy
When to use this quote
- corporate structuring
- investment attraction
- regional development
Key Concepts
tax law
global finance
Questions to Reflect On
- How do tax benefits affect corporate ethics?
- What are the long-term impacts on local economies?
A Different Perspective
Treaties may invite scrutiny and regulatory risk.
