HONG KONG: Hong Kong, Turkey agree on double taxation avoidance in boost for Belt and Road Initiative

Hong Kong has signed an agreement with Turkey to overcome double taxation issues in cross-border trade and investment, a move that also helped widen the city’s cooperation with more jurisdictions under Beijing’s Belt and Road Initiative.

The initiative, introduced by President Xi Jinping 11 years ago to rebuild the ancient Silk Road in 140 countries, involves building roads, ports, railways and power plants to promote trade flow, backed by funding from China’s state-run development bank.

“This milestone is another tangible illustration of Hong Kong’s determination to expand tax trading equity,” Chief Executive John Lee Ka-chiu said on Tuesday. It highlights “our commitment to boosting ties and relations with developing local economies,” he added.

14 February 2024

US: Treasury proposes new anti-money laundering regulations for investment advisers

The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial

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4 October 2024

JERSEY FINANCE: Importance of Embracing Change in a ‘Multipolar World’ Highlighted at Jersey Finance Private Wealth Conference

Press release from Jersey Finance, Friday 4 October, 2024.  Despite feeling that they are navigating a landscape of perpetual change and fragmentation, families and private investors can thrive –

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1 November 2024

NEW ZEALAND: CA ANZ pushes for quick passage of AML/CTF amendments

The legislation for the anti-money laundering and counter-terrorism financing amendments must be finalised as soon as possible to ensure sufficient time for implementation, CA ANZ has told the government.

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15 March 2024

EU: Hungary’s new immigration law, effective from March 1, 2024

Highlights: Hungary’s new immigration law, effective from March 1, 2024 The new Hungary’s immigration law introduced 24 residence permits, including 8 for employment-related purposes.The validity

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