The trading activities of charities could fall within the tax net
On 27 January 2010, the Court of First Instance (CFI) handed down its judgment on the Church Body of the Hong Kong Sheng Kung Hui and Hong Kong Sheng Kung Hui Foundation (SKH) v The Commissioner of Inland Revenue (CIR). It confirmed the decision of the Board of Review (BOR) that the profits the SKH derived from a residential development project were taxable.
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Investment Strategist suggests that investors would be wise to average their money in over several months
“A price correction can occur at any time and exogenous events can happen at any time to rattle the markets—suggesting that investors would be wise not to push all of their cash into the market at one time......
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Increasingly companies want Yuan to move towards being a global currency
China plans to expand settlements of international trade using yuan to as many as 18 more provinces and cities to meet rising demand from companies......
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Although economy Sustained upturns, the outlook may be less bright
The first quarter figures suggested that the Hong Kong economy is on track for a decent growth with the domestic sector taking the lead and external demand staging an impressive rebound underpinned by overseas buyers' needs to replenish their inventories.
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Hong Kong economy is likely to have a strong rebound in the first quarter
Recent economic releases suggested that the local economy is likely to have registered a sharp rebound in the first quarter.
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EU Official is supporting that a move in the currency is up to the Chinese government to decide what to do
European Union Trade Commissioner Karel De Gucht said they believe a move in the currency would be in China's interest, but that it is up to the Chinese government to decide what to do, and he doesn't think that trade actions or other outside pressure will speed up the process.
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China is now the leader in the automotive industry, as well as in the export industry
Germany has been known as the world’s top exporter, but with the latest economic figures being revealed in its automotive industry......
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L’Occitane fell on its first day of Hong Kong trading, but Chairman doesn’t worry at all. May 7 (Bloomberg) -- L’Occitane International SA,
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U.S. push China to let the yuan appreciate
Mr. Geithner is expected to outline the U.S. rationale for why China should allow its currency, the yuan, to rise, according to U.S. government officials.
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ASEAN has to be China's Third Largest Trade Partner
Statistics indicated that Chinese export to ASEAN in January stood at USD10.55b, up 52.8%; import from ASEAN USD10.93b, up 1.2 times.
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