Amudim

[GreekIdiot]

Tel Bira on trajectory to enter "neutral tax haven" zone with introduction of banking network

August 5666

Tel Bira - The velocity of the annual financial expo - now renamed into the "Bankaut" from the long-standing "Keshef Expo" since 5305 - gaining renewed momentum in recent years has led Tel Bira's government officials to finally double-down on the city state's prior fiscal and monetary policies with their official introduction into an international agreement drafted on top of Tel Bira's Stock Exchange's existing fintech service.

The service? A universal transactions gateway; one place where different banks, from different countries with different currencies can transfer cash, assets and even swaps, with 0% commission on potential currency exchanges.

"Yes, of course, service fees are present, naturally", the spokesperson commented in response to a Mordusian journalist's question on sources of revenue and profitability for Tel Bira; "it's a matter of capital and liquidity volumes", referring to the provisos allowing for the declaration of both corporate income and assets in the City State of Tel Bira, which are accompanied by a 150-year warranty of a 0% tax.

Sources confirmed that initial talks with counterparts from Hutori, Lodamun, Bianjie, Mordusia and N&D have thus far gone "very well", although some cited concerns regarding the lack of double-taxation avoidance clauses.

"This is a framework for a global network; we can come to special agreements with individual states", he concluded.

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Learn more about the future of banking at bankaut.com.

@Neset

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