Money laundyr bank regulations - HKWJ Tax Law

Tightening the Control on Banks Against Money Laundering

Tax evasion and money laundering have been major concerns to most of the governments for years. In order to strengthen the control over money laundering activities through the banks, the Hong Kong Monetary Authority (the ‘HKMA’) has recently requested the banks in Hong Kong to closely look into the tax position of their clients, such […]

hong kong government budget - HKWJ Tax Law

Hong Kong 2015-16 Budget

On the 25 February 2015, which also happened to be the Chinese ‘common birthday’, the Financial Secretary, Mr. John Tsang, delivered his eighth budget speech for the fiscal year 2015-16 with the theme ‘Diversification of Development and Augmentation of Competitiveness’. Mr. Tsang started his speech off by highlighting several important events from the past year, […]