WTO Director-General Pascal Lamy announced on Tuesday that ministers attending trade talks in Geneva had failed in their efforts to agree on blueprint agreements in agriculture and industrial products.
A High Court judge has ruled that the Guardian newspaper can file evidence which claims to show that UK retail giant Tesco set up a series of offshore holding companies to avoid paying UK corporate tax.
The Financial Action Task Force (FATF) has completed an assessment of the implementation of anti-money laundering and counter-terrorist financing standards in Hong Kong, it was announced this week.
Australia’s Assistant Treasurer, Chris Bowen, last week announced that the Government has commenced a consultation on draft legislation to reform Division 6C of the Income Tax Assessment Act 1936.
The decision by TNK-BP’s Chief Executive, Robert Dudley, to leave the country and run the business from abroad has potentially critical tax implications for the business, was the warning from several Russian billionaires fighting BP for control of the joint venture.
Supplement V to the Hong Kong-Mainland Closer Economic Partnership Arrangement (CEPA) has been signed this week, expanding the total number of services sectors covered from 38 to 40.
The PRC State Administration of Taxation issued a notice, dated 25 June 2008, confirming that the second protocol to the tax treaty between China and Hong Kong had come into force.
Notice 80 confirmed that ratification procedures had been completed and that the protocol had entered into effect as of11 June. The second protocol was negotiated in September 2007 and formally signed on 30 January 2008.
The second protocol introduces a clarification to change the permanent …
Enhancing the competitiveness of the UKs asset management industry is the focus of three consultation papers unveiled on Monday by the Economic Secretary to the Treasury, Kitty Ussher.
In a Cabinet press briefing on Thursday, the Leader of Government Business in the Cayman Islands, Kurt Tibbetts, responded to the recent publication by the US Government Accountability Office (GAO) of a report looking at why so many US companies have established entities in the Cayman Islands and other offshore centres.
China’s move to even the tax rates for foreign and local companies this year has hit bottom lines, but some high-tech firms may be spared the 10% hike, financial consultancy Zetland says.
