News

New Stored Value Facilities Regime in Hong Kong

The Monetary Authority in Hong Kong has released its decision to grant Stored Value Facilities licenses to 5 Hong Kong based companies: HKT Payment, The Alipay Financial Services HK, Money Data, Octopus Cards and TNG Asia.


UK SMEs paid a record 33B British Pounds in corporate tax in 2015

SME’s in the UK paid a record £33B in corporation tax in the financial year 2015-2016.This figure excludes income from financial services providers & oil & gas companies.


Intellectual Property ties strengthened in Hong Kong

The fifteenth annual Meeting of the Guangdong-Hong Kong Expert Group on the Protection of Intellectual Property Rights was held in Guangzhou, Hong Kong with participants agreeing to further strengthen co-operation.


Obama gives advice on G20 Summit conclusion

The G20 summit recently held in China has exemplified the importance for international tax cooperation to attain ‘an internationally fair and modern global tax system’, after President Obama warned of the risks if various countries ‘race to the bottom’ in tax policies.


Trade deals between HK and ASEAN currently under negotiation

The Free Trade Agreement between Hong Kong, China and the ASEAN (Association of Southeast Asian Nations) is currently under negotiation.


Asset based lenders can provide support for UK SMEs in wake of Brexit

The Managing Director of the UK’s biggest invoice finance company, has released a statement praising the asset based finance sector, stating that this is best way to support small and new businesses through the uncertain economic times brought on by the UKs decision to leave the EU. The comments were…


HSBC implements dividend repurchase scheme to positive reception

HSBC Holdings Ltd has experienced the largest growth since April after announcing a $2.5 billion USD dividend repurchase scheme in partnership with Brazil whilst retaining its shares at the current level for the time being.


US criticises EU's strict treatment of American companies in Europe

The US Treasury has criticised the European Commission's (EC) policy of penalising American multinational companies for avoiding tax via state aid deals with individual EU member states.


Ireland also faces tax rulings for aiding legal tax evasion in Apple case

The EC announced it would be starting an investigation in 2014 to look at Ireland's selective tax treatment of conglomerates and providing illegal state aid to jurisdictions that has facilitated such loop hole. Similar investigations are taking place looking at Starbucks' relationship with the Netherlands,…