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Exclusive Feature |
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Jurisdiction
Special Focus: Cyprus, January 2010
In this feature we take a fresh look at Cyprus and
whether it is a good destination for your assets,
career expats and Retirees...
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News Headlines |
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Hong
Kong Falls Into Line With OECD
Friday 8th January 2010
Although Hong Kong has a limited number of tax treaties,
the wording they contain allowing exchange of tax information
falls short of the OECD's current standards, which has
led a number of other possible treaty partners to delay
treaty negotiations with the SAR, and has caused the OECD
to put pressure on Hong Kong to conform.
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Agecroft
Survey Identifies 2010 Hedge Fund Trends
Thursday 7th January 2010
Agecroft
Partners has observed several dominant and emerging trends
regarding capital flows into the hedge fund arena as a
result of a survey conducted through conversations with
more than 200 hedge fund organizations and 1,000 institutional
investors during 2009.
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HMRC
Ends New Disclosure Opportunity
Wednesday
6th January 2010
The UK's tax authority, HMRC, has brought its 'New Disclosure
Opportunity' to a close, and PricewaterhouseCoopers estimates
that about 13,000 people have taken advantage of the window
of opportunity to declare their offshore accounts without
facing significant penalties.
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Hong
Kong Powers Ahead With IPOs
Tuesday
5th January 2010
After
leading the world in terms of IPOs in 2009, raising nearly
USD31bn, the Hong Kong stock market is expected to perform
even better in 2010, according to a report published by
PricewaterhouseCoopers this week.
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Cyprus
Government Attacks Property Owners
Monday
4th January 2010
Faced
with a gaping hole in its finances this year, the Cyprus
government has announced a savage increase in the annual
tax levied on real estate. Although the rates of tax will
not change, the valuation basis will be updated. Since
the current valuations are based on 1980 levels, this
could mean an increase of up to 20 times in the tax.
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