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Join ITR and KPMG China at 5pm Beijing time (9am GMT) on December 12 2023 to hear about the most recent changes to the foreign-sourced income exemption regime ....
U.S. law firm K&L Gates has hired Eugene Yeung, who focuses on aviation finance and restructuring and insolvency, as a partner in Hong Kong from Pillsbury Winthrop Shaw Pittman, where he was a counsel. Yeung acts for financial lenders, aircraft owners, airlines, and ultra-high net worth individuals on commercial transactions within the aviation sector, including aviation finance, restructuring, bankruptcy and insolvency, and investments and general corporate advisory matters. He joined Pillsbury in January 2018 from Eversheds Sutherland, where he was a consultant. Prior to that, Yeung worked at Mayer Brown for nearly seven years. Yeung’s arrival takes the number of Hong Kong-based partners at K&L Gates to 16. He is the firm’s first lateral hire in Hong Kong since it snapped up three lawyers from the exiting Orrick Herrington & Sutcliffe in August last year. ....
U.S. law firm K&L Gates has hired Eugene Yeung, who focuses on aviation finance and restructuring and insolvency, as a partner in Hong Kong from Pillsbury Winthrop Shaw Pittman, where he was a counsel. Yeung acts for financial lenders, aircraft owners, airlines, and ultra-high net worth individuals on commercial transactions within the aviation sector, including aviation finance, restructuring, bankruptcy and insolvency, and investments and general corporate advisory matters. He joined Pillsbury in January 2018 from Eversheds Sutherland, where he was a consultant. Prior to that, Yeung worked at Mayer Brown for nearly seven years. Yeung’s arrival takes the number of Hong Kong-based partners at K&L Gates to 16. He is the firm’s first lateral hire in Hong Kong since it snapped up three lawyers from the exiting Orrick Herrington & Sutcliffe in August last year. ....
Lifting taxes to shore up finances chinadaily.com.cn | Updated: 2021-03-05 16:18 Share CLOSE The Hong Kong Special Administrative Region government last month rolled out a further HK$120 billion (US$15.4 billion) relief stimulus package to prop up the pandemic-ravaged economy and lift economic growth by 2 percent. As a result, the budget deficit for the 2021-22 financial year is expected to reach HK$101.6 billion, accounting for 3.6 percent of the city s GDP, due to the countercyclical measures and the continued rise in recurrent expenditure. The government also offered a list of sweeteners , including HK$5,000 worth of electronic consumption vouchers for each eligible Hong Kong permanent resident and new arrivals aged 18 or above; cuts in salaries tax, capped at HK$10,000; a 100 percent reduction in profits tax, capped at HK$10,000, that will benefit nearly 130,000 enterprises; an extra half-a-month pay in wel ....