Tag Archives: Hong Kong investment
#Hong Kong and its link to Offshore Jurisdictions
In 1984, people of Hong Kong were made aware of the concept “offshore jurisdiction” by the re-domicile of one of the biggest listed conglomerates in Hong Kong to Bermuda. Since then, quite a number of offshore jurisdictions become well-known in … Continue reading
THE UNWRITTEN WORD
THE UNWRITTEN WORD Despite an outbreak of foundation fever around the Caribbean, as this civil law animal is introduced into the common law habitat, trusts have been and remain the backbone of succession planning in common-law offshore jurisdictions. This has … Continue reading
IRS Seeks to Boost Revenue: Introduces 2012 Voluntary Disclosure Program
On January 9, 2012, the IRS issued a press release (IR-2012-5), which announced the reopening of the offshore voluntary disclosure program. During the release, IRS indicated that it had collected in excess of $4.4 billion from taxpayers who participated in … Continue reading
Annual Compliance Procedures for China Representative Offices
Prior to distributing and repatriating profits, foreign-invested enterprises (FIEs) must complete the annual compliance process. The annual compliance procedures involve audit, tax filing and inspection. These procedures are required by law, and completing them improperly could lead to fines. Furthermore, … Continue reading
Australian Harmonized Export Commodity Classification
Those responsible for the reporting of the import and export of goods to border agencies may not have been enjoying the usual New Year’s Eve festivities on 31 December 2011 as they excitedly awaited the implementation of “HS2012″ for import … Continue reading
Why Offshore? Ask Apple
As Apple just closed the week with a $553.74B “monster” market cap, in the same league as titans the displayed in the following graph: The company also rallied behind the idea of creating a tax holiday. same that would help … Continue reading
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