The wife of development chief Paul Chan Mo-po refused yesterday to disclose the ownership details of her company, which is under fire for owning unauthorised subdivided flats - even as more land records pointed to her possible role in subleasing the apartments.Wednesday, 15 August, 2012, 10:58pm
CTA Qualifying Exam CityU SCOPE
With the rapid increase in global trade and investment in recent years, tax administration is now more than a localised business.
The fast-changing tax regulations in different regions have made taxation a specialised profession, and the market demand for professionals has been surging.6 Jul 2012 - 12:00am
Jonathan Thompson (left), director for financial services - transfer pricing at Ernst & Young (E&Y), started off as a graduate trainee in the firm's London branch. After becoming a chartered accountant, he was moved to the E&Y UK financial services transfer pricing (FSTP) team.6 Jul 2012 - 12:00am
Successful entrepreneurs and high-net-worth investors generally take tough meetings and strategic decisions in their stride.
Often, though, there is a marked reluctance to do just that when the issues at hand relate to succession planning - passing on wealth, investments and, possibly, control of the business to members of the next generation.7 May 2012 - 12:00am
'They haven't actually broken the law, but they haven't acted according to its spirit,' British Treasury minister David Gauke told BBC Radio 4. 'I suspect the bank in question is regretting what it has done. It's not going to do them any reputational good. They will have difficult explanations to some of their customers.'
Bloomberg, SCMP, February 291 Mar 2012 - 12:00am
Hong Kong stands to gain from recent amendments of a new US tax law that cracks down on non-US financial institutions that help Americans hide their wealth, a tax expert says.
The United States Foreign Account Tax Compliance Act takes effect next year and seeks to prevent US citizens or permanent residents from shirking their tax obligations by using offshore accounts.26 Feb 2012 - 12:00am
Bernard Poon President - Greater China CPA Australia
Poon is a managing director and the transaction advisory services leader for Hong Kong and Macau at Ernst & Young Transactions. He has nearly 20 years of experience working in the sector. In his new role, Poon will lead the division's members to succeed in their professional career and serve the community.21 Jan 2012 - 12:00am
Good news for Hong Kong's French community: a treaty to eliminate double taxation between the two places takes effect next year.
It means French residents of Hong Kong who have deep ties in both places will no longer face the possibility of having their income taxed twice, with clear guidelines defining which of the two jurisdictions someone needs to pay tax in.17 Dec 2011 - 12:00am
Hong Kong and Singapore are catching up with the British Virgin Islands and Cayman Islands as the preferred places for companies to register, a survey has found.
Offshore Incorporations Ltd (OIL), which sells offshore shell companies, said more multinationals would set up in Hong Kong and Singapore in the next five to 10 years.8 Dec 2011 - 12:00am
Profits from the sale of property is not taxable as it is a capital gain. But if a person is deemed to be trading in properties, gains from the sale become income and are taxable.
Criteria to determine whether tax is due include frequency of transactions, reasons for acquiring and selling property and holding period.30 Nov 2011 - 12:00am
Cogo Group, a leading supplier of information-technology components to mainland manufacturers, has moved a step closer to a planned listing in Hong Kong, after last week completing a change of domicile to the Cayman Islands.9 Aug 2011 - 12:00am
The Pacific island nation of Vanuatu yesterday opened a trade office in Hong Kong, angling itself as an offshore incorporation destination for mainland and Hong Kong firms.
Vanuatu's sales pitch follows its exclusion from the 'list of unco-operative tax havens' published by the Organisation for Economic Co-operation and Development.15 Jul 2011 - 12:00am
Hong Kong is set to accelerate efforts to sign a double-taxation treaty with Italy, after seven years of talks.
The news coincides with criticism of a planned initial public offering by Italian fashion house Prada over double taxation, although the government has not said whether this is a factor in its negotiations. Prada aims to raise up to HK$20.3 billion in its IPO.15 Jun 2011 - 12:00am
The US Internal Revenue Service (IRS) plans to move against 'one or more banks' in its crackdown on offshore tax evasion this summer.
Steven Miller, the IRS deputy commissioner for services and enforcement, said the targeted banks were 'not limited to any geographic locale', and that taxpayers could expect more news 'in a month or so'.12 Jun 2011 - 12:00am
It's a balmy Friday night on the Caribbean island of Tortola and the Dove wine bar is heaving. The sharp-suited crowd sipping espresso martinis and imported beer aren't tourists, but tax and trust lawyers who frequent the island's tiny courthouse next door.19 May 2011 - 12:00am