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The International Monetary Fund's Executive Board has recently commented on South Korea's fiscal stimulus program. Read Full Story
The South Korean Ministry of Strategy and Finance has issued details of the tax measures it plans to introduce from January 2017, subject to parliamentary approval, to encourage investment in growth industries. Read Full Story
Combined fund management business in Hong Kong decreased slightly by 1.6 percent year-on-year to almost HKD17.4 trillion, as at December 31, 2015, according to the Securities and Futures Commission. Read Full Story
The American Institute of Certified Public Accountants has asked the US Internal Revenue Service to extend the deadline for submitting comments on the new regime for auditing partnerships, which was enacted as part of the Bipartisan Budget Act of 2015. Read Full Story
The US Internal Revenue Service has issued Notice 2016-23 requesting comments by April 15, 2016, on the new regime for auditing partnerships, including private equity and hedge funds, which was enacted as part of the Bipartisan Budget Act of 2015. Read Full Story
The Australian Government has announced the appointment of Karen Payne to the new position of Chief Executive Officer of the Board of Taxation. Read Full Story
In his 2016 Policy Address, Chief Executive Leung Chun-ying announced a broad range of initiatives to consolidate and expand Hong Kong's role as a major international financial center. Read Full Story
Hong Kong's Financial Services Development Council has released a number of research reports, including one that addresses tax issues relating to open-ended fund companies and private equity investments. Read Full Story
The European Commission has approved two French tax breaks aimed at facilitating investment in innovative small- and medium-sized enterprises. Read Full Story
On November 2, President Barack Obama signed the Bipartisan Budget Bill of 2015, which includes increased appropriated spending for the 2016 and 2017 fiscal years, a suspension of the US debt limit until March 2017, and revenue provisions related to tax compliance. Read Full Story
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