Archive April 2017

The Common Reporting Standards of 2014 were passed by OECD members during the Convention on Mutual Administrative Assistance in Tax Matters. The previous frameworks had failed, and the impacts of tax evasion were becoming too apparent. Even non-OECD members such as Hong Kong expressed their support and committed to it. In Hong Kong, implementation had to await an appropriate legislation to operationalize CRS and guide the entire process. Read More

When OECD passed the Common Reporting Standards for Automatic Exchange of information, the reception by various jurisdictions was overwhelming. It had become evident that tax evasion was hurting both local and global economies. Read More

A holding company provides the best opportunity for entering into a new country/region to take advantage of its good operational systems. However, many people find it very difficult to select the right country to incorporate a holding company. For decades, Hong Kong remains outstanding for any holding company because it acts as the gateway to mainland China and the entire Far East. Here are the major advantages you will accrue for opening a holding company in Hong Kong.  Read More