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  1. Trust funds can help expatriates minimise their taxes the legal way

    Posted Jun 28th 2005, 12:00am by Chris Davis

    ... States tax law, for example, US citizens may be subject to taxation even though they have lived and generated income from overseas for years. Conversely, Hong Kong tax law operates territorially, taxing only income generated in Hong Kong, regardless of domicile or nationality. Sovereign Trust (Hong Kong), the Hong Kong member company of the international Sovereign Group, specialises ...

  2. Tycoon's son wants answers on trust funds

    Posted Oct 06th 2005, 12:00am by Polly Hui

    ... supposedly put into two trusts the tycoon set up for him and his siblings more than 25 years ago. Sean Hotung, the fourth child of Eric Hotung, said he found out only last week that the two companies owned by the two trusts had fallen into the red, according to financial figures for 2003. The 78-year-old billionaire revoked the trusts last year after a series of lawsuits his children brought ...

  3. Trust sector warns of Singapore threat

    Posted Nov 23rd 2005, 12:00am by Staff Reporter

    ... initiative- priming itself as regional financial centre- and that's often enough to make the government jump. But with Singapore's recent overhaul of its trust laws to attract trust services ... it is not surprising that Singapore is priming itself for a large chunk of the business. Singapore officials say the new trust laws, passed in March, will position Singapore as a leading global trust domicile ...

  4. Update laws to cash in on abolition of estate duty, say experts

    Posted Mar 29th 2005, 12:00am by Dennis Eng

    ... Dennis Eng Antiquated trust laws urgently need updating if Hong Kong's trust industry is to benefit from the scrapping of estate duty, bankers and advisers warn. Critics argue ... there is no reason why laws can't be amended to allow trusts to be set up and administered in Hong Kong,' said Clifford Ng Sau-man, a partner with law firm Preston Gates & Ellis. 'More ...

  5. Citizens' trust swings towards HK leaders

    Posted Apr 20th 2005, 12:00am by Jimmy Cheung

    ... Jimmy Cheung Tung resignation seen as turning point in affections For the first time in four years people trust the Hong Kong government more than they trust Beijing, according to an opinion poll. Pollster Robert Chung Ting-yiu said this was apparently due to Tung Chee-hwa's resignation as chief executive and the controversy over the imminent Basic Law interpretation ...

  6. Bank chief's exit does nothing for the trust that markets depend on

    Posted Mar 17th 2005, 12:00am by Jake Van Der Kamp

    ... There are the laws against cheating shareholders and these are all very well for what they do, but find me the investor who believes he sees a gang of corporate pirates and yet gives them his money because he thinks the law will protect him. There are limits to what laws can do. In the end it comes down to what that archetypal old investment banker, John Pierpoint Morgan, once told ...

  7. 'I still trust the country, but not local authorities any more. We have seen a great deal of injustice'

    Posted Nov 22nd 2005, 12:00am by Shi Jiangtao

    ... criticism of the mainland legal system in the media and on internet chat rooms, where some alleged that 'money speaks louder than the law'. Zhuoma said she was angered ... could it be possible for them to implicate my husband in the case? 'I still trust the country, but not the local authorities any more. We have seen a great deal of injustice in Liaoyang ...

  8. Holiday row adds up to breach of trust

    Posted Oct 12th 2005, 12:00am by Murray Bell

    ... Murray Bell The kerfuffle over Jockey Club mafoos and work riders taking a public holiday without the permission of the boss has been glossed over as their right under labour law, but in fact it is a very real breach of trust for such specialised horse industry personnel. Animal carers are a special breed of people who understand, from day one of their employment, ...

  9. It's difficult to build trust after 30 years of conflict, say rebels

    Posted Sep 20th 2005, 12:00am by Simon Montlake

    ... to war-weary Aceh of a political settlement for one of Asia's longest-running conflicts. 'We must build trust, but this is difficult after 30 years of conflict. Both sides are hurting, ... by the conflict could trigger revenge attacks on those accused of aiding the other side. Resting outside the village mosque, Zamzamy, a rice farmer, recalls how his son-in-law was shot dead by soldiers. ...

  10. A dangerous erosion of trust in Iraq

    Posted Sep 21st 2005, 12:00am by Staff Reporter

    ... that the referendum will reject the draft constitution and that a drafting process that took 10 months will have to start over again. Any further breakdown in what little law and order remains would be a fresh tragedy for Iraqis. The British army needs to do whatever it can to rebuild the trust of civilian authorities in Basra. ...




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