Law & Taxation

Hong Kong, Spain Sign Pact To Avoid Double Taxation, Tax Evasion

Hong Kong's government said Friday it signed an agreement with Spain to avoid double taxation and prevent tax evasion through cross-border transactions.

WTO raps U.S. subsidies to Boeing

Tim Hepher and Andrew Callus Yahoo! New Canada 01.04.2011
WTO raps U.S. subsidies to Boeing

Planemaker Boeing received at least $5.3 billion of illegal U.S. subsidies, the World Trade Organization said on Thursday in a dispute that shows no signs of an end to years of inconclusive wrangling.


Amazon Takes Action in Illinois as War on Sales Taxes Continues

STU WOO The Wall Street Journal 10.03.2011
Amazon Takes Action in Illinois as War on Sales Taxes Continues

Amazon.com Inc.'s battle with state governments over sales taxes is escalating. The online retailer on Thursday took action in Illinois, as it had threatened to do, to counter a new law aimed at forcing online retailers to collect sales taxes in t...

France to scrap tax cap for the rich

Angela Charlton Yahoo! Finance 03.03.2011
France to scrap tax cap for the rich

In a major turnaround, French President Nicolas Sarkozy and his indebted government are abandoning a tax ceiling for big earners he once hailed as key to modernizing France and luring investors.


Billionaire Stanley Ho Files New Lawsuit to Regain Casino Shareholding

Billionaire Stanley Ho filed a new lawsuit against some family members to regain control of his stake in Asia's biggest casino company, his lawyer Gordon Oldham said today.

Afghanistan's push to tax U.S. contractors could renew tensions

Karen DeYoung and Joshua Partlow The Washington Post 18.01.2011
Afghanistan's push to tax U.S. contractors could renew tensions

The Afghan government is ramping up efforts to tax U.S. contractors operating there - an effort that could raise millions for the cash-strapped government but could also provoke fresh confrontation with the United States, according to U.S. and Afg...


Maryland Set To Pass 'Dime A Drink Tax' On Alcohol

Alcohol may soon come with a new kind of high. It’s not stronger proof. It’s a higher tax. Alex DeMetrick reports supporters of a “Dime a Drink Tax” think they have a shot at making it happen in Maryland.

Dodging Repatriation Tax Lets U.S. Companies Bring Home Multinational Cash

At the White House on Dec. 15, business executives asked President Obama for a tax holiday that would help them tap more than $1 trillion of offshore earnings, much of it sitting in island tax havens.


Bloomberg Sues European Central Bank to Force Disclosure of How Greece's Swaps Hid Deficit

Bloomberg News filed a lawsuit against the European Central Bank, seeking the disclosure of documents showing how Greece used derivatives to hide its fiscal deficit and helped trigger the region’s sovereign debt crisis.

New Zealand signs tax deal with Hong Kong

Radio New Zealand 30.11.2010

Hong Kong and New Zealand have signed a tax agreement that will help give certainty to businesses operating in both countries.


FBI Agents Seize Documents in 3 US Cities as Insider-Trading Investigation Widens

SUSAN PULLIAM, MICHAEL ROTHFELD And JENNY STRASBURG The Wall Street Journal 23.11.2010

A three-year insider-trading investigation shifted into high gear Monday as government agents raided the offices of three large hedge funds, sending shock waves through the financial world.

Buffett Tells ABC Rich Americans Should Be Paying `a Lot' More in Taxes

Billionaire Warren Buffett said that rich people should pay more in taxes and that Bush-era tax cuts for top earners should be allowed to expire at the end of December.


HK, Luxembourg sign new protocol to amend DTA

Andy Lau IBTimes Hong Kong 12.11.2010
HK, Luxembourg sign new protocol to amend DTA

Hong Kong and Luxembourg on Thursday signed a protocol to to amend a deal on the existing double taxation agreement (DTA), signed at Hong Kong on 2 November 2007.

Hong Kong signs tax pact with Japan

Alex He IBTimes Hong Kong 09.11.2010
Hong Kong signs tax pact with Japan

Hong Kong signed an agreement with Japan for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, the government said on Tuesday.


Taxation treaty between Hong Kong and France looks set to increase expat investment opportunities

A long awaited double taxation treaty between Hong Kong and France has been welcomed by French property agencies, as it makes the purchase of French real estate easier for expats based in Hong Kong.

`Invalid' Forms by Supposed Billionaires Skew U.S. Wage Figures

The Social Security Administration asked its inspector general to investigate how a $32.3 billion mistake skewed its statistics on 2009 wages in the U.S.


India, Hong Kong discuss abolition of double taxation

India and Hong Kong today discussed bilateral issues, including the abolition of double taxation agreement , a move that will promote trade between the two sides.

Tiger Asia Receives SEC Subpoena After Hong Kong Probe

Gillian Wee Bloomberg.com 29.10.2010
Tiger Asia Receives SEC Subpoena After Hong Kong Probe

Tiger Asia Management LLC, the New York-based hedge-fund firm led by Bill Hwang, received a subpoena from the U.S. Securities and Exchange Commission, following allegations of insider trading from Hong Kong’s securities regulator.


Cuba self-employed to pay taxes up to 50 percent

Nelson Acosta Yahoo! News 26.10.2010
Cuba self-employed to pay taxes up to 50 percent

Cuba has set income tax rates at 25 to 50 percent for its soon to be expanded private sector, with the biggest earners paying the most taxes, according to official decrees published on Monday.

Colgate Accused of Stealing Thousand-Year-Old Toothpaste

A legal dispute between the U.S. and India over a herbal toothpaste was leaving a bitter aftertaste between the two countries Thursday, with Colgate Palmolive accused of filing a bogus patent.



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