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.
Donald Trump’s withdrawal of US overseas aid will almost decimate global climate finance from the developed world, data shows, with potentially devastating impacts on vulnerable nations. The US was
The U.K.’s economic secretary to the Treasury, Bim Afolami, said the government’s priority is improving the payments landscape and providing regulatory clarity for digital assets and blockchain.
EU institutions agreed Wednesday on a legislative simplification plan that will remove the majority of companies from the scope of the carbon tax at the border. The European Council announced that an
The digital transformation roadmap recently published by the UK tax authority confirmed what many suspected—that Making Tax Digital for Corporation Tax is no longer going ahead. For businesses and