Following mounting pressure from the US attorney’s office, Switzerland has finally handed over to US investigators comprehensive, encrypted, banking data pertaining to eleven Swiss banks, alleged to have aided wealthy Americans to evade US taxes amounting to billions of euros. Read Full Story
According to the Director of the Hong Kong Economic and Trade Office in Singapore, Fong Ngai, Hong Kong will continue to make the most of its 'China advantage' and global connectivity to foster economic ties with Association of Southeast Asian Nations countries in 2012. Read Full Story
The United States House of Representatives Ways and Means Subcommittee on Oversight has held a hearing on harbour maintenance funding and maritime tax issues, with a focus on the Harbour Maintenance Trust Fund and Harbour Maintenance Tax, and the tax treatment of foreign shipping operations. Read Full Story
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