Hong Kong in international tax planning
Thanks to numerous taxation advantages, registering a company in Hong Kong is an effective and legal way to reduce taxation payments when conducting international trade, banking and other commercial activities in countries of the Asia-Pacific region. In the first place, this is achieved on account of the absence of taxation on profits which have been received outside the region, and in addition, to the availability of an agreement concerning the avoidance of double taxation payments with many countries worldwide.
Russian efforts to rebuild its economy may be viewed as modest, although the situation is steady, with the reserves intact and the outflow of capital decreased five-fold since the last year, affirmed the Russian President Vladimir Putin speaking at the recent G20 summit in the Chinese Hangzhou in September.
Will China bring down the global economy and crash Russian market? China is seriously in debt. This conclusion could be drawn from the statement of the Deputy Head of the International Monetary Fund (IMF) David Lipton.