In a recent report, the Swiss Federal Council posited that the introduction of special tax relief measures for young innovative start-up companies in the Confederation could potentially result in a significant loss of fiscal revenue for the state.
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South Korea and Hong Kong have reached an agreement to share tax information, particularly on those South Koreans suspected of having undeclared funds in Hong Kong.
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Following last month's approval from China's State Council, the country's first pilot free-trade zone in Shanghai will be officially launched on September 29, according to Wang Xinkui, Director of the city's Counselor's Office.
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