Hong Kong Encourages Chinese Corporate Treasury Centers

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

Monday, October 24, 2016

Invest Hong Kong, the territory's inward investment promotional agency, has encouraged Mainland Chinese companies to establish corporate treasury centers in Hong Kong following the latest changes to the city's tax code. Read Full Story

Senate GOP Add To Anti-Inversion Regs Opposition

by Mike Godfrey, Tax-News.com, Washington

Thursday, July 7, 2016

Seven Republican members of the US Senate Finance Committee have written to Treasury Secretary Jack Lew adding their voices to those of other lawmakers and businesses who have urged modifications to the proposed debt-equity regulations and an extension to their comment period. Read Full Story

Hong Kong Implements Treasury Center Tax Incentives

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

Monday, June 6, 2016

On June 3, the Hong Kong Government gazetted the Inland Revenue (Amendment) (No. 2) Ordinance 2016, which enables the deduction of interest payable on money borrowed by a corporation carrying on an intra-group financing business in Hong Kong, and introduces a concessionary 8.25 percent profits tax rate for qualifying corporate treasury centers. Read Full Story

Singapore Adds To Tax Incentives In Budget

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

Tuesday, March 29, 2016

Singapore's 2016 Budget, released on March 24, includes measures to support businesses to expand and enhances finance sector, treasury management, and international trade tax incentives. Read Full Story

Hong Kong To Expand IFC Role In 2016

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

Thursday, January 14, 2016

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 Budget Ups Tax Relief

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

Thursday, February 26, 2015

In his 2015-16 Annual Budget, announced on February 25, Hong Kong's Financial Secretary John C Tsang proposed a number of tax relief measures intended to preserve longer-term economic stability and provide a short-term boost. Read Full Story

HK Budget Mulls Fiscal Sustainability Over Longer-Term

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

Thursday, February 27, 2014

While Financial Secretary John Tsang put competitiveness as the theme of his 2014/15 Budget, a significant portion of his speech looked at the maintenance of Hong Kong's healthy public finances in the face of increased spending on education, social welfare and healthcare. Read Full Story

South Africa Consults On Budget Tax Reform Bill

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, July 11, 2013

The South African National Treasury has published for public comment the draft 2013 Taxation Laws Amendment Bill, which will give effect to most of the tax proposals announced in the 2013 Budget. Read Full Story

Malaysian Budgetary Efforts Stunted By Economic Slowdown

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

Thursday, February 16, 2012

The International Monetary Fund has said Malaysia surpassed fiscal consolidation targets in 2011 as a result of better-than-budgeted revenue performance and efforts to broaden the tax base. The IMF has warned, however, that the government may be required to rein in austerity measures at the cost of consolidation as the economy slows in 2012. Read Full Story

Canadian Budget Deficit Shrinking

by Jason Gorringe, Tax-News.com, London

Thursday, December 29, 2011

The Canadian monthly budgetary deficit has fallen markedly year-on-year, to CAD2.2bn (USD2.15bn) in October, down from CAD4.1bn reported during the same month a year earlier, according to the latest Fiscal Monitor published by the Canadian Ministry of Finance. Read Full Story

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