The Hong Kong Information Services Department confirmed the country’s commitment to implementing the Crypto-Asset Reporting Framework (CARF). This initiative aims to bolster international tax transparency and address cross-border tax evasion.
The Government plans to begin automatic exchanges with relevant jurisdictions under CARF starting in 2028.
Legislative amendments necessary for CARF implementation are expected to be in place by 2026.
The international community must fulfil its promises to provide greater financial support to small island countries at the frontline of climate change. This was the main rallying call at the Leaders’
Singapore and Hong Kong have emerged as the top hubs to manage intergenerational wealth for Asian family offices, but both jurisdictions face major challenges.Wealthy Chinese and Indian families are
HMRC has warned “it’s tax avoidance” and urged “everyone” in the UK to know the rules. The taxman and tax department, now operating under the Labour Party government, has
Ahead of a vote in the European Parliament on new debt rules for EU countries, the Greens co-president Philippe Lamberts warned against the “end of the European Union as we know it” in a worst-case