Tax

Leading countries vowed last month to crack down on tax avoidance by multinationals, asking the Organisation for Economic Co-operation and Development (“OECD”) to draw up new guidelines. The OECD...
September 2013
The Hong Kong Legislative Council passed the Trust Law (Amendment) Bill on 17 July 2013, bringing to a conclusion a long period of consultation and debate as to just how Hong Kong’s antiquated Trust...
September 2013
Hong Kong recently passed the Inland Revenue (Amendment) Bill 2013 (the “Bill”) on July 10, 2013. This allows the city to agree with another jurisdiction relief from double taxation, as well as the...
September 2013
In the decision of Re Yung Kee Holdings Ltd HCCW 154/2010, the Hong Kong Court of First Instance laid down certain principles as to when the Hong Kong courts have jurisdiction to wind up a company...
July 2013
Banks in Singapore are urgently scrutinising their account holders as an imminent deadline on stricter tax evasion measures forces them to decide whether to send some of their wealthiest clients...
June 2013
Switzerland and the US have signed a pact to make Swiss banks disclose information about US account-holders. The agreement is the latest in a series between the US and other countries designed to...
March 2013
Costs — taxation — summary assessment — party-and-party basis — test of “necessary or proper” — Rules of the High Court (Cap.4A) O.62 r.28(2) After the plaintiff obtained a Mareva injunction and a...
January 2013
FATCA clashes with Chinese law, says senior official A new US anti-tax-evasion measure imposes unfair costs on foreign banks and clashes with Chinese law, a senior official at China’s central...
January 2013
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