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  1. Double taxation deal 'so close', yet so far

    Posted Jan 26th 2010, 12:00am by Martin Donovan

    ... General to Hong Kong, L.D. Ralte, smiles wryly as he admits the time is up on meeting a target he set when he took up office here three years ago. 'We're so close to the double taxation ... agreements with a sovereign state, but this was changed to economic entities.' The double taxation agreement will allow Indian and Hong Kong businesses to be exempt from paying tax twice ...

  2. HK moves to finalise treaties

    Posted Apr 21st 2010, 12:00am by Mukul Munish

    ... Mukul Munish Hong Kong is speeding up its efforts to sign double taxation treaties with its trade partners by the end of this year. In addition to the three treaties it has signed so far ... as the regional financial hub and to attract top-class professionals. Ayesha MacPherson, partner-in-charge, tax, Hong Kong, at accounting firm KPMG, says that signing double taxation treaties with trade ...

  3. HK signs two new tax treaties, aiming to boost trade and finance

    Posted May 20th 2010, 12:00am by Dennis Eng

    ... Dennis Eng Hong Kong will add France and Austria to the five countries it has full taxation agreements with, on Tuesday. Tax specialists say that the comprehensive double taxation ... taxation arises when two or more tax jurisdictions overlap, so that the same income or profit is subject to tax in each place. Hong Kong adopts the territorial principle of taxation, which only ...

  4. Tsang promises fair property market

    Posted Jul 14th 2010, 12:00am by Gary Cheung

    ... Gary Cheung Chief Executive Donald Tsang Yam-kuen promised yesterday to address the problem of unfairness and lack of transparency in property transactions following the controversy surrounding the sale of luxury flats at 39 Conduit Road. The chief execut ...

  5. Tax havens offer financial benefits

    Posted May 25th 2010, 12:00am by Staff Reporter

    ... The words 'tax haven' are sometimes mistakenly associated with siphoning off funds, hiding money from tax authorities or even stashing away ill-gotten wealth. However, in reality, offshore tax professionals say that using offshore jurisdictions ...

  6. British tax cuts likely to benefit investors

    Posted May 19th 2010, 12:00am by Richard Warren

    ... Richard Warren in London Tax changes proposed by the new British government aimed at helping less-well-off citizens could have spin-off benefits for investors buying property in Britain. This is because the tax changes, along with other reforms eyed by th ...

  7. Tax implication of retirement payments

    Posted Apr 04th 2010, 12:00am by Staff Reporter

    ... to the two shareholders/directors and will there be any taxation involved if it does? We would highly appreciate your advice. Cindy Miller If Company A writes off the loan owed to Company B, ...

  8. Businesses face taxing issues

    Posted Apr 21st 2010, 12:00am by Wilson Lau

    ... IIT returns. Under revised taxation policy, companies are required to pay tax for their representative offices on the mainland. 'Representative offices opened by Hong Kong companies have tax liabilities, even though they might have been established solely for liaison purposes. Under the Double Taxation Treaty between Hong Kong and the mainland, companies may apply for tax ...

  9. In Brief

    Posted Apr 05th 2010, 12:00am by Staff Reporter

    ... Green group encourages schools to curb use of air conditioners About 360 primary and secondary schools will switch off their air conditioning for a day on June 1 to help save energy. Organised by the green group Footprint, 'No Air Conditioning Day� ...

  10. Call to sting speculators with extra stamp duty

    Posted Nov 18th 2010, 12:00am by Gary Cheung

    ... Gary Cheung The head of an influential think tank says property sellers who engage in speculative activities should be made to pay hefty stamp duty. Anthony Wu Ting-yuk, chairman of the Bauhinia Foundation Research Centre, said the government should impos ...




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