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.
A minimum tax on billionaires is likely to gain wider traction among the G20 group of the world’s largest economies as they get clarity on the proposal, French economist Gabriel Zucman of the independent
Anti-corruption campaigners have called for the Government to do more to tackle financial crime in the UK’s Overseas Territories ahead of a key meeting this week. Senior representatives from Britain’s
Hong Kong’s financial market is poised for a significant milestone with the upcoming launch of the region’s first Spot Crypto Exchange-Traded Funds (ETFs). This groundbreaking initiative is being
A tax advisor has predicted big changes in Labour’s first budget. Tony Medcalf, a tax partner at the accountancy and business advisory firm MHA in Kendal, shared his thoughts on the potential