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Real Estate Investment Trusts have become popular investment vehicles in the Hong Kong capital market, warranting an examination of their operational structure and tax implications, as well as certain tax considerations for future structuring.
Also in this issue:
· Taxation Issues for REITs in Hong Kong
· Australia
- Few Business-Related Measures in Budget 2006/07
- Nonresident Manufacturers May Have Opportunity to Recover GST
· Belarus
- Criteria for PEs of Foreign Entities Amended
· Belgium
- MOF Clarifies Issues under Belgium-Hong Kong SAR Tax Treaty
- New Transfer Pricing Unit and Documentation Circular Announced
· Brazil
- Treaty Developments with Korea, Mexico, Spain and the Ukraine
· Canada
- 2006 Federal Budget Presented
- Retirement Compensation Schemes, Reporting Requirements for Independent Contractors at Issue
· China
- SAT Provides Guidance on PEs under Tax Treaties
· European Union
- AG Considers UK CFC Rules Only Applicable to Wholly Artificial Arrangements
- ECJ Rules on Dutch Capital Duty Exemption
· India
- ITAT Rules on Setoff of Long-Term Capital Losses Against Short-Term Capital Gains
· Italy
- Tax Authorities Rule on Deduction of Branch Interest Expense
· Netherlands
- Bill Introduced to Enhance Investment Climate
- New Tax-Exempt Regime Proposed for Public Investment Vehicles
· New Zealand
- Tax Exemption Introduced for Transitional Residents
· United Kingdom
- UK Court Decision May Affect Structured Finance Transactions
- Foreign Entertainers Taxable on Payments Between Foreign Companies
· United States
- International Tax Provisions Enacted
- Protocol to US-Denmark Treaty Signed
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