 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| China, Hong Kong Sign CEPA Supplement VIII |
by Mary Swire, Tax-News.com, Hong Kong
Friday, December 16, 2011
The Hong Kong and Chinese governments have agreed to boost their economic and
trade co-operation by signing the eighth Supplement under their bilateral Closer
Economic Partnership Arrangement (CEPA).
The CEPA gives preferential treatment to Hong Kong enterprises to enter Mainland
markets, and, currently, covers more than 1,600 products and 40 services sectors.
It adopts a building block approach, and the two sides have been working closely
to introduce further liberalization measures continually.
Witnessed by Hong Kong’s Chief Executive Donald Tsang, its Financial
Secretary John Tsang and China’s Vice-Minister of Commerce Jiang Yaoping
signed Supplement VIII to the CEPA on December 13. The new Supplement further
opens the Mainland's service-sector market to Hong Kong and enhances bilateral
trade.
Supplement VIII provides for a total of 32 services liberalisation and trade
and investment facilitation measures, including 23 liberalisation measures in
16 service sectors, while it also strengthens co-operation in areas such as
finance, tourism, innovation and technology.
Both sides also agreed to enhance origin criteria in trade in goods. The new
Supplement allows Hong Kong's traders to include the value of raw materials
and component parts originated from the Mainland when calculating ‘value-added
content’, such that they will be able to utilize the zero tariff preferential
treatment offered to Hong Kong goods under the CEPA.
In addition, the new Supplement allows Mainland banks to make use of Hong Kong's
international financial platform to develop their international businesses,
and supports Hong Kong insurance companies entering the market through the setting
up establishments or taking capital participations, to participate and share
in the development of the Mainland insurance market.
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
