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.
There are two ways for Russia’s economy to grow: one is to increase productivity, the other is the amplification of human capital, affirms a recent World Bank report. Neither would be possible without a firm budget and an effective public administration system.
The main issue in the prospects for 2017 is whether the Russian government would be capable of unleashing, at least in part, the potential for economic growth? Any estimated outlook at Russia’s economy in 2017 would start off with a snapshot of the current state of affairs, and the challenges that the economic system is facing.