19 MayFiducia May 2010 is now available online and includes articles on the following:
Implications of the "Hire" Act of 2010
The Hiring Incentives to Restore Employment Act of 2010 ("the HIRE Act") was signed into law by President Obama, on 18 March 2010. Although the thrust of the Act is to create new jobs through tax incentives, it also contains provisions which were formerly part of the Foreign Account Tax Compliance Act of 2010. These provisions will have dramatic effects on most non-US financial institutions as well as trustees who invest through those institutions.
An Update on Hong Kong Double Tax Agreements
Since 2004 the Government of the Hong Kong SAR has negotiated and concluded a number of Double Tax Agreements ("DTAs") with strategic trading and investment partner countries. In general DTA's apply to provide relief in respect of taxes on income and property derived in the treaty partner countries.
Asiaciti Trust's 2010 European seminar dates
Click here to view Fiducia, May 2010 edition
