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  1. The real threat

    Posted Apr 11th 2009, 12:00am by Albert Chen, Albert Cheng

    ... to be confronted by challenges from all sides. At the recent Group of 20 summit in London, French President Nicolas Sarkozy suggested the inclusion of Hong Kong and Macau on a list of tax havens. Mr ... as a tax haven. Indeed, the island state is striving to become the Asian Switzerland. Singapore has been put on a so-called grey list of tax havens by the Organisation for Economic Co-operation ...

  2. Privacy fears over proposed law

    Posted May 05th 2009, 12:00am by Paggie Leung

    ... under the spotlight amid moves to have it declared a tax haven in the Group of 20 final communique. That outcome was apparently averted when President Hu Jintao refused to countenance the inclusion of a list of tax havens. The city has already signed CDTAs with the mainland, Thailand, Belgium, Luxembourg and Vietnam. ...

  3. Selecting a haven in which to weather taxing times

    Posted Sep 06th 2009, 12:00am by Staff Reporter

    ... the United States, Canada, Australia and the UK. To varying degrees, all these have been affected by the credit crisis and either have or will raise taxes to levels that many think are confiscatory. ... to understand. As onshore countries increase taxes, more of their rich residents move away to escape them. So where is it possible to live tax-free? One of the most popular places is Monaco, which has ...

  4. Americans in HK against revival of US bill targeting tax havens

    Posted Jun 22nd 2009, 12:00am by Dennis Eng

    ... Dennis Eng Americans living in Hong Kong may be targeted under proposed US legislation against tax havens as the Obama administration searches for sources of revenue to help fund its multitrillion-dollar budget. However, the Stop Tax Haven Abuse Act, proposed by Democratic senator Carl Levin, appears to be losing steam on Capitol Hill as the focus shifts to domestic issues. A delegation ...

  5. Hong Kong saved from tax-haven tag in final communique

    Posted Apr 04th 2009, 12:00am by Enoch Yiu

    ... the city declared a tax haven in the G20 final communique. That humiliation was apparently averted after President Hu Jintao refused to countenance the inclusion of a list of tax havens ... in the communiqu?. Hong Kong and fellow SAR Macau were ultimately not explicitly listed by the OECD as tax havens. Instead, they were mentioned in a fine-print notation as having merely committed ...

  6. Enforcement the key to ending tax havens

    Posted Apr 04th 2009, 12:00am by Staff Reporter

    ... The spat among G20 countries over cracking down on tax havens is a sideshow to the much more urgent task of tackling the gravest economic crisis in decades. However distasteful ... willing to undermine a G20 agreement over the status of Hong Kong and Macau as tax havens smacked of political grandstanding. Intervention by presidents Hu Jintao and Barack Obama narrowly avoided ...

  7. Plan for tax-haven law prompts privacy fears

    Posted Apr 12th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu A proposed law change in the middle of this year may help Hong Kong avoid being labelled a tax haven, but individuals and companies are worried about privacy. The amendment ... Hong Kong was on the verge of being declared a tax haven at the recent Group of 20 summit in London. 'Many businesspeople come to Hong Kong as they like the low and simple tax regime here ...

  8. Tax refugees flee to haven in Switzerland

    Posted Dec 02nd 2009, 12:00am by Richard Warren

    ... by the country's low taxes and stable governance, had supported Swiss property prices. Many Swiss had also repatriated their overseas wealth to buy Swiss property, he added. 'Switzerland is one ... difficulties and proposed fiscal legislation change in many countries, Switzerland once more is seen as a real port in a storm.' Income tax rates vary between Switzerland's 26 cantons, ...

  9. City has never been a tax haven, EU told

    Posted May 09th 2009, 12:00am by Chong Hiu-yeung

    ... Chong Hiu-yeung in London Hong Kong's financial services chief has stressed to the European Union that the city has never been a tax haven, following concerns raised at a global ... the government's intention to move an amendment to taxation laws to make it easier to share information with other tax jurisdictions. Concerns were raised at the Group of 20 summit in London last month ...

  10. Vigilance the key as hot money flows into HK

    Posted Oct 11th 2009, 12:00am by Staff Reporter

    ... to meet concerns about the city being used as a tax haven. The flood of money into the property market shows Hong Kong cannot afford to relax its vigilance. ... as gang members among more than 1,500 arrests. With its free markets, low tax and tax-free investment gains, our city is a potential magnet to money launderers and tax evaders. Financial centres ...




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