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 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.
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.
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