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legal services News

French Body Seeks Tax Breaks To Boost Entrepreneurship

by Ulrika Lomas,, Brussels

Thursday, October 24, 2013

While welcoming the announcement of plans to create the statute of student entrepreneur in France, Entrepreneurs Club President Guillaume Cairou insisted that the proposals do not go far enough, underlining the need to introduce employers' tax breaks to accompany the measures. Read Full Story


Turks And Caicos Scraps GST Proposal

by Jason Gorringe,, London

Wednesday, September 4, 2013

The UK Government has confirmed that its overseas territory, the Turks and Caicos Islands has abandoned plans for the introduction of a General Services Tax, which had been drawn up in lieu of the implementation of a value-added tax. Having discarded both a VAT, and the narrower GST, local authorities now intend to boost the tax-take by expanding the existing tax base. Read Full Story


China, Hong Kong Sign New CEPA Supplement

by Mary Swire,, Hong Kong

Tuesday, September 3, 2013

It has been announced that the Hong Kong and Chinese governments have reached agreement on a further enhancement of their economic and trade co-operation and exchanges under the Mainland and Hong Kong Closer Economic Partnership Arrangement. Read Full Story


Turks And Caicos Prepares GST Regime In Place Of VAT

by Phillip Morton, Investors

Tuesday, August 20, 2013

The Turks and Caicos Islands, a British overseas territory, has announced plans to introduce a General Services Tax on a broad range of services from October 1, 2013, to buoy revenues after local authorities rejected the UK Government's calls for the adoption of a value-added tax. Read Full Story


Bahamas Adapting To New Tax Transparency Landscape

by Jason Gorringe,, London

Monday, April 15, 2013

The Bahamas' Minister for Financial Services Ryan Pinder has said that the local financial services industry must be prepared to accept and adapt to automatic information exchange under the Foreign Account Tax Compliance Act, and similar regimes, as it becomes the "new normal." Read Full Story


Hong Kong, Guangdong Plan Further Co-operation

by Mary Swire,, Hong Kong

Wednesday, March 20, 2013

The 18th Working Meeting of the Hong Kong/Guangdong Joint Conference was held in Guangzhou on March 15, and covered the progress made in implementing the bilateral framework agreement covering all areas of their co-operation, including financial business and the development of the special economic zone at Qianhai, in Shenzhen. Read Full Story


China Develops Mainland-HK SEZ

by Mary Swire,, Hong Kong

Wednesday, March 13, 2013

Zhang Ping, the head of the National Development and Reform Commission, has disclosed that the Chinese Government is continuing to implement the establishment of a special economic zone at Qianhai, in Shenzhen. Read Full Story


UK Supreme Court Blocks Tax Advisers' Legal Privilege

by Jason Gorringe,, London

Friday, January 25, 2013

In delivering its judgment in the case of Prudential plc v Special Commissioner of Income Tax, the United Kingdom’s Supreme Court has decided that legal professional privilege should not be extended to clients of non-legally qualified tax advisers, but that the matter should be looked at by Parliament. Read Full Story


Hong Kong To Capitalize On China's Economic Plan

by Mary Swire,, Hong Kong

Friday, January 18, 2013

In his 2013 Policy Address on January 16 to the Legislative Council, Chief Executive, C Y Leung stressed that economic development is the government's primary goal, and that China's 12th Five-Year Plan provides huge opportunities for Hong Kong's development as an international center for finance, trade and shipping. Read Full Story


Talks To Begin On New International Services Trade Agreement

by Leroy Baker,, New York

Friday, January 18, 2013

United States Trade Representative Ron Kirk has notified Congress that the Obama Administration is to enter into negotiations for a new trade agreement on international trade in services. Read Full Story



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