April 30th, 2008 . by
The International Monetary Fund calls for Hong Kong’s tax base to be broadened by introducing a goods and services tax, expanding the base of the salaries tax or exploring other options.
In its Staff Report released on 5 February 2008, the IMF reiterated its support for Hong Kong’s commitment to the Linked Exchange Rate System (LERS) and the government’s efforts to further Hong Kong as an international financial centre.
The IMF shared the government’s view that the financial …
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April 30th, 2008 . by
Brazil, India, and South Africa signed a technical cooperation agreement in the areas of taxation and customs during the second annual India-Brazil-South Africa (IBSA) Dialogue Forum in Pretoria on 17 October 2007.
According to Brazil’s Federal Revenue Department, the agreement covers:
- Exchange of information;
- Risk management by tax and customs administrations;
- Development of human …
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April 30th, 2008 . by
A proposed new Guernsey Companies Law has been published and was amongst included in the January Billet d’Etat for the States of Guernsey.
If approved, the new law is expected to be granted Royal Assent by the Privy Council in time for it to come on-stream at the start of July 2008, alongside the new Guernsey Companies Registry that was approved by the States last year.
The revised companies law has two purposes: to consolidate the existing law, ordinances and regulations …
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