company formation News

Abu Dhabi Tax-Free Zone To Launch Foundations

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, June 2, 2017

Abu Dhabi Global Market, the low-tax international financial center, is seeking feedback on its proposal to allow the formation of "foundations," a trust-like entity widely used in civil law jurisdictions. Read Full Story

Hong Kong Ends Business Registration Fee Waiver

by Mary Swire, Tax-News.com, Hong Kong

Monday, February 27, 2017

Hong Kong's Inland Revenue Department has confirmed that business registration fees for business registration certificates will become payable again from April 1. Read Full Story

Hong Kong Reports On Incorporations In 2016

by Mary Swire, Tax-News.com, Hong Kong

Thursday, January 12, 2017

There was an increase in local company incorporations in Hong Kong in 2016, although incorporations by foreign companies experienced a dip, according to the territory's Companies Registry. Read Full Story

UK Tax Advisers Concerned About New HMRC Powers

by Jason Gorringe, Tax-News.com, London

Friday, October 14, 2016

Tax experts are warning that UK government proposals to penalize "enablers" of tax avoidance schemes are too widely drawn and could result in some taxpayers and businesses being unable to get expert advice on complicated and often unclear areas. Read Full Story

Tax Avoidance Scheme Promoters To Face New UK Penalties

by Robert Lee, Tax-News.com, London

Thursday, August 18, 2016

The UK Government has launched a consultation on proposed new penalties for "enablers" of defeated tax avoidance schemes. Read Full Story

US Treasury Drafts Beneficial Ownership Legislation

by Mike Godfrey, Tax-News.com, Washington

Monday, May 9, 2016

The US Treasury Department has announced a customer due diligence final rule, proposed beneficial ownership legislation, and proposed regulations related to foreign-owned, single-member limited liability companies, in an effort to target tax evasion, money laundering, and other illicit financial activities. Read Full Story

International Support For Beneficial Ownership Info Exchange

by Robert Lee, Tax-News.com, London

Wednesday, April 27, 2016

More than 20 jurisdictions have signed up to a pilot project to exchange data held on beneficial ownership registers and registers of trusts, according to UK Chancellor George Osborne. Read Full Story

European Parliament To Investigate Panama Papers

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, April 19, 2016

The European Parliament Conference of Presidents has unanimously backed a proposal for the creation of an inquiry committee to investigate the so-called Panama Papers. Read Full Story

Number of Hong Kong-Registered Firms Nears 1.3m

by Mary Swire, LawAndTax.News.com, Hong Kong

Tuesday, January 12, 2016

According to the statistics released by the Hong Kong Companies Registry, the total number of local companies registered under the Companies Ordinance at the end of 2015 was 1,288,666, up nearly 16,000 from last year. Read Full Story