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September 29, 2008 International Finance
The 21st to the 23rd of September saw the Asia Offshore Association conference come to Hong Kong.
The Conference consisted of 100 delegates from over different 20 countries, Abaconda Management Group was present with two delegates. The keynote speaker for the event was David O’Rear, Chief Economist of Hong Kong General Chamber of Commerce. Other international speakers came from Austria, Hong Kong, Italy, Austria, Seychelles and USA.
Topics at the Asia Offshore Association Conference included banking and investments in globalized economy especially in Asia-Pacific region, the Asian economy in global context and offshore business activities.
There was also a strong focus on differentiating the genuine activities of offshore investing with the less savory forms of tax evasion that take place...Read More
Double taxation agreements are tax treaties between two countries. These agreements come into effect when a person is a tax-resident of both New Zealand and another country.
Double Taxation agreements prevent the situation of taxation on one income by two countries, through coming to an agreement as to what incomes will be taxed in the country of residence and exempt in the country of occurrence. It also deals with the opposite case where the income will be taxed at the country of occurrence and compensation arises in the country of residence.
Double Taxation also extends to more comprehensive sharing of tax information between tax authorities.
New Zealand currently holds double taxation agreements with the following countries: