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Parliament Passes Privatization Bill

Parliament Passes Privatization Bill

March 16, 2014 11:00 am

The House of Representatives yesterday by majority vote adopted a revised version of the privatization bill, which stipulates the framework for semi-government organizations (SGOs) to be privatized. Tuesday’s decision followed the rejection of the first draft last Thursday, with 25 votes in favor, 25 votes against and 5 abstentions. In the passing of the amended […]

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HMRC Welcomes Latest Anti-Avoidance Victory

HMRC Welcomes Latest Anti-Avoidance Victory

March 16, 2014 10:59 am

HMRC (HM Revenue and Customs) most recent court victory is “excellent news for the vast majority of taxpayers who play by the rules,” the Exchequer Secretary to the Treasury has said. David Gauke welcomed the most recent in “a string of successes,” describing the ruling of the court of appeal as “an important win for […]

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Hong Kong – Tax provisions in budget 2014- 2015

Hong Kong – Tax provisions in budget 2014- 2015

March 16, 2014 10:59 am

Among these are measures that will: Provide for legislation to permit private equity funds to benefit from tax exemption for offshore funds, with a consultation on proposals on introducing an open-ended fund company structure to commence in March 2014 Propose a review of the requirements provided for under the Inland Revenue Ordinance for purposes of […]

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Bank Results Highlight Strong Growth In Loans And Profits

Bank Results Highlight Strong Growth In Loans And Profits

March 5, 2014 2:19 pm

Improving economic dynamics seen supporting strong credit growth Dubai: The 2013 full-year financial results of the United Arab Emirate’s banking sector shows strong loan growth led by retail and consumer banking and enhanced profitability on the basis of sustained decline in non- performing loans and enhancing economic conditions. Banks in the United Arab Emirates had […]

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