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.

7 October 2024

CAREY OLSEN: Carey Olsen in Guernsey advises Phoenix Equity Partners on securing £600 million in new funds

Press Release from Carey Olsen, Thursday 26 September, 2024.  Carey Olsen’s Guernsey funds and corporate team has advised Phoenix Equity Partners (“Phoenix”) on the successful close

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15 February 2024

US: The New York LLC Transparency Act Will Add Beneficial Ownership Disclosure Requirements in December

The State of New York is poised to apply its own set of disclosure requirements for certain businesses later this year with a new law that mirrors in many respects the federal Corporate Transparency

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19 March 2024

HONG KONG: Hong Kong tops Asia family office rankings

Hong Kong boasts almost twice the number of family offices than its nearest rival Singapore, according to a newly published report. The study commissioned by the Hong Kong government and published by

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7 June 2024

US: Crypto billionaire hit for $40 million in landmark tax fraud case

Billionaire Michael J. Saylor and MicroStrategy, Inc. have been hit by the Washington, D.C., district attorney’s office in a $40 million fraud case. Attorney General Brian L. Schwalb took no prisoners

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