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| Hong Kong, Russia Consider DTA |
by Mary Swire, Tax-News.com, Hong Kong
Thursday, September 02, 2010
Hong Kong’s Chief Executive, Donald Tsang, in Moscow for a three-day visit, met with various members of the Russian government, including President Dmitry
Medvedev, as well as business leaders to carry forward a growing bilateral dialogue
on finance, taxation and investment matters.
During Tsang’s meeting with Russia's Deputy Prime Minister and Minister
of Finance, Alexei Kudrin, they exchanged views on cooperation in finance and
investor protection through signing a memorandum of understanding. They agreed
both sides should study the possibility of signing a comprehensive agreement
on the avoidance of double taxation.
Tsang, and Hong Kong’s Secretary for Financial Services and the Treasury,
Prof. KC Chan, met with the Russian Minister for Economic Development, Elvira
Nabiullina, who suggested the possibility of signing an investment promotion
and protection agreement.
In addition, at a breakfast meeting with the Russian-Chinese Business Council
and the top management of key companies in Russia, Tsang outlined the advantages
of doing business in Hong Kong, including its ideal location for establishing
regional headquarters or regional offices. He also emphasized the new opportunities
in Hong Kong arising from the growth of renminbi business.
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