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.

4 October 2024

TAX EVASION: After a Deloitte client’s $2.4B tax dodge faltered, the accounting giant won’t say if it helped others exploit the same loophole

ICIJ reviewed hundreds of pages of court records to examine the Big Four firm’s role in a controversial tax maneuver, which one expert labeled “easily replicable.” Late last year, the Internal

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11 September 2024

Panama Papers trial gets underway with 27 suspects charged

As Reported on MSM.com Wednesday 11 September,  The trial of 27 people connected with the Panama Papers tax evasion scandal began in a Panamanian criminal court on Monday, some eight years after the

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11 October 2024

PANAMA: Panama lashes out at EU over tax haven ‘outrage’

Panama on Thursday lashed out at the European Union for keeping the country on its tax haven blacklist despite its efforts to crack down on tax evasion. President Jose Raul Mulino said he had asked

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4 April 2025

UK: UK Launches World-First Nature Finance Standard to Guide Green Investment

The UK has introduced the world’s first government-backed Nature Finance Standard, aimed at increasing integrity, transparency, and investor confidence in environmental restoration projects. Released

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