ICS TRUST -
Bringing Businesses to Asia, Since 1980
|
Celebrating 25 Years of Success!
ICS TRUST would like to
thank you You have been an essential part of our business. |
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ASIA
Hong
Kong
Tsang as the new Hong Kong leader
With about 85 percent of the nominations from a 796-member election committee,
Donald Tsang won the chief executive by-election. He will prioritize governance, social harmony and economy. Read
more...
Hong Kong tax system ?an efficient one
What makes Hong Kong continue to be the place for foreign investors? The Hong Kong tax system
has been recognized as one of the most efficient tax systems in the world for half a century but why? Read
more...
China
Tax breaks for foreign enterprises will disappear
The existing enterprise income tax rate for domestic firms is 33 per cent whereas foreign companies
are enjoying a tax rate of around 17 per cent. China government is now examining to launch a unified tax policy at
a rate of 27 per cent. Read
more...
USD48 million nuclear power plants project announced
China is going to build 31 nuclear power plants along the coastal area by 2020
in order to feed the escalating appetite for electricity of the country. Read more...
Chinese venture capital investment cools down in Q1
New rules introduced on 24th January and 8th April by the Beijing government track
cross-border capital flows and control the transfer of Chinese assets from domestic to offshore companies. The number
of announced private equity deals in China dropped from 31 to 19. Read more...
EU, China agreement on textiles exports
Neither the EU nor the US wanted to see the door of China open solely to the
other party when they let China join as a WTO member in 2001. To continue the game, EU has signed the agreement over
textiles with China. Will the US follow? Read more...
NORTH
AMERICA / EUROPE
Sinopec has committed to a long-term Canadian project
SinoCanada will pay CAD105 million for 40 per cent stake in
Canada’s Northern Lights oil sands project according to the agreements signed with Synenco Energy.
Read
more...
Switzerland may lose colors as a tax haven
A proposal against wealthy expatriates residing in Switzerland
may be passed this fall. About 3,000 rich foreign inhabitants of Switzerland have to plan again where to relocate
their monies as well as their homes.
Read
more...
Tax avoidance days for expat Britons is gone
UK nationals living in Austria, Belgium and Portugal will not
be able to declare themselves temporarily non-resident. The latest Finance Bill in United Kingdom has closed the
expat tax loophole.
Read
more...
OFFSHORE
Panama has abolished all VAT exemptions prior to Feb 2005
A new interpretation of the country’s tax code by
Panama tax authorities is going to affect most firms that used to be exempted from value added tax and
special treatment.Read
more...
ICS TRUST - NEWS UPDATES
New Faces at ICS
TRUST
Wendy W. Y. Kwok (Ms.)
Shipping Clerk
Joined 1 June 2005
Daniel H. Booth (Mr.)
For more information, please contact our Marketing Manager, Daniel Booth.
If you do not wish to receive future newsletters, please reply with "Remove" in the subject line.
?Copyright 2005, ICS Trust (Asia) Limited
Wendy joined our Trade Services Team from a moving company.
She has four years experience in preparing shipping documents for customers, forwarder and
overseas agents in Europe, the USA, Asia, Australia and New Zealand.
Daniel H. Booth (Mr.)
Marketing Manager
Joining 20 June 2005
Daniel has extensive experience in sales and marketing across a broad
spectrum of industries throughout Asia, particularly in Hong Kong and China. He joins ICS TRUST
having previously enjoyed success with Microsoft (Korea), Intercontinental Film Distributors (Hong Kong),
and Pacific Dunlop (Australia). Daniel speaks native English, fluent Mandarin, and Cantonese dialect.
For more information, please contact our Marketing Manager, Daniel Booth.
If you do not wish to receive future newsletters, please reply with "Remove" in the subject line.
Disclaimer: These notes, although considered to contain correct information, are for general information only and should not be considered as legal or tax advice. No responsibility is assumed by ICS Trust (Asia) Limited or its affiliates for any person acting on the information contained herein.
?Copyright 2005, ICS Trust (Asia) Limited
