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  1. Tax law change eyed to lure Islamic funds

    Posted Jan 16th 2008, 12:00am by Enoch Yiu

    ... Maria Chan and Enoch Yiu In a bid to attract Muslim investors, Hong Kong is considering modifying its tax laws and has applied to join an Islamic financial standards organisation, ... the government was looking at whether tax laws needed to be modified. Islamic religious law, called Shariah, bans interest income but does allow profit sharing. Thus, many Islamic investments, ...

  2. Havens for trust funds

    Posted Oct 26th 2008, 12:00am by Staff Reporter

    ... the government's clarification of tax treatment of trusts, New Zealand has also become a popular trust haven, according to Michael Olesnicky, head of law firm Baker & McKenzie's tax practice. ... More countries follow Singapore's lead by giving tax breaks to investors as Hong Kong's rules persuade more people to look overseas Tax exemptions for trusts set up in overseas ...

  3. A safe haven for fine-wine investors

    Posted Nov 16th 2008, 12:00am by Staff Reporter

    ... sent back to Hong Kong. 'Before the zero tax on wine, there was usually one container, which could carry 7,200 bottles of top wine, shipped or flown back to Hong Kong every three ...

  4. Haven pegs prosperity on balance between growth and environment

    Posted May 04th 2008, 12:00am by Tom Miller

    ... fourth bonded port there, which will provide tax-free trade and warehousing facilities, and the opening of a deep-water port capable of accommodating 300,000 tonne oil tankers. The twin aims ... the island's image as an environmental haven, expressly reject the very light industrial export model that has made the Pearl and Yangtze River Deltas rich. 'We only want big enterprises to invest ...

  5. Tourist magnet

    Posted Feb 29th 2008, 12:00am by Staff Reporter

    ... The tourism sector backed the decision, announced in the budget, to waive the tax on hotel accommodation. Does this enhance our image as a duty-free haven and will it bring in more visitors? Write to us. ...

  6. Tax Scandal

    Posted May 15th 2008, 12:00am by Jason Krupp

    ... that they were launching an investigation into the tax haven of Liechtenstein. More than 750 of the country's wealthiest citizens were suspected of using anonymous trust structures in LGT Bank ... citizens suspected of using Liechtenstein as a tax haven. The case has also had serious repercussions for the principality, with German Chancellor Angela Merkel threatening to block ...

  7. Hotels applaud move to waive tax

    Posted Feb 28th 2008, 12:00am by Paggie Leung

    ... Paggie Leung The tourism sector has applauded the decision to waive the tax on hotel accommodation, a move that will strengthen the city's image as a duty-free haven. '[Although] the tax rate is just 3 per cent, not 30 per cent, the abolition will be symbolic because it will give foreigners a better impression of Hong Kong,' Michael Li Hon-sing, executive director ...

  8. Man critically injured as boat runs aground

    Posted Jul 26th 2008, 12:00am by Clifford Lo

    ... Clifford Lo A Zimbabwean man was fighting for his life last night after being thrown from a rubber boat when it ran aground on a rocky beach in Sai Kung early yesterday. Robert Arro, 40, and four friends were travelling in the six-metre craft from Hebe Haven Yacht Club to Sheung Sze Wan, in Sai Kung, when the incident occurred shortly before 1am. 'An initial investigation ...

  9. Nowhere to run, nowhere to hide

    Posted May 15th 2008, 12:00am by Jason Krupp

    ... Legislation and tighter bank rules are making it more difficult for high-net-worth tax offenders to hide their wealth, writes Jason Krupp Parking your money in a tax haven today ... pushed through aggressive transparency measures targeted at high-net-worth individuals and families suspected of hiding their wealth in tax havens. What was not clear was how high-net-worth ...

  10. Estate agents say thank you, Darling

    Posted Apr 25th 2008, 12:00am by Richard Warren

    ... Finance minister's tax plan for wealthy foreign residents lifts uncertainty and is unlikely to hurt high-end property market, writes Richard Warren Britain's finance minister Alistair Darling appears to have done enough to stop an exodus of wealthy foreigners from the country. In his budget last month, the Chancellor of the Exchequer announced long-awaited plans to tax ...




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