May 21 – The Philippines’ 2013 midterm general elections were held last week, with 12 senate seats to be filled and 229 district seats up for grabs in the House of Representatives. Full results can be found here. Nine of the twelve senate seats and 114 district seats were won by members of incumbent President[…..]
May 17 – Last week during the national elections in Malaysia, the National Front Coalition (NFC), the party that has governed Malaysia for 56 consecutive years, won a majority of the country’s parliamentary seats to officially extend its reign. The NFC first obtained majority after Malaysia declared independence from Britain in 1957, and has won 13[…..]
May 16 – With regard to international trade, the various countries’ tax systems oftentimes put global investors in the unfavorable position of having to face redundant taxes on their income —i.e., double taxes . For example, a company may be subject to taxes in its country of residence and also in the countries where it[…..]
May 10 – The FTSE Group and five ASEAN stock exchanges (the Bursa Malaysia Exchange, the Indonesian Stock Exchange, the Philippines Stock Exchange, the Singapore Stock Exchange and the Stock Exchange of Thailand) have joined forces to launch a unique and innovative set of indices known as the FTSE/ASEAN Index series. The FTSE/ASEAN venture provides[…..]
The Association of Southeast Asian Nations plus Japan, China and South Korea (ASEAN Plus Three) have decided to further promote regional financial cooperation at the recent ASEAN Plus Three meeting held last Friday in India.
The Hong Kong-Indonesia DTA has taken effect from April 1, 2013. The DTA with Indonesia was signed in March 2010, but has only recently been ratified by Indonesia.
An agreement amending the DTA between the United Kingdom and Brunei Darussalam has been signed in London.
India and Mauritius have been getting closer to agreeing on amendments to their 30-year-old double taxation avoidance agreement.
Cambodia, the only member of ASEAN not to have any bilateral tax treaties of its own, is moving forward to strike a double tax treaty with Thailand to better deal with increasing cross-border trade.
On January 14, 2013, Hong Kong and Italy signed a comprehensive double taxation agreement (DTA).