Menu
RSS
zhen

HMRC wins £79m tax avoidance case against Goldman Sachs

HMRC has won a £79m case against Goldman Sachs and agriculture giant Cargill after the American companies attempted to avoid paying taxes in the UK The long-running case involves a tax avoidance scheme used by Teesside Power Limited (TPL), subsequently renamed GDF Suez Teesside Limited. In 2001 Cargill’s private equity…
Read more...

Hong Kong Account Holders: Prepare for AEOI Reporting

Those who hold an account (or are a controlling person) with Hong Kong Financial Institutions – both individuals and entities – must prepare to report their tax residency information to the Inland Revenue Department (IRD) by May 2018 for exchange with 75 reportable jurisdictions under the AEOI standard. In September…
Read more...

UK introduces new penalties for overseas investors dodging tax

Britain’s so-called “requirement to correct” (RTC) legislation has come into force, and requires taxpayers to declare any foreign assets that could affect their UK income tax, capital gains tax or inheritance tax. Investors who notified HMRC (Her Majesty’s Revenue and Customs) before the deadline were granted 90 days to disclose…
Read more...

US Tax Reform Implications from a Chinese Perspective

Impact on Chinese High Net Worth Individuals (HNWIs) As of January 1, 2017, the number of families in China with net assets of more than RMB 10 million (approximately $1.57 million) had reached 1.86 million, with 147,000 added in 2016 and a growth rate of 8.6 percent. Families with net…
Read more...
Subscribe to this RSS feed

Core Links

China Offshore

Invest In

Contact Us

Rooms 05-15, 13A/F, South Tower,
World Finance Centre, Harbour City,
17 Canton Road, Tsim Sha Tsui
Kowloon Hong Kong