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  • PREPARE YOUR BUSINESS FOR THE GENERAL DATA PROTECTION REGULATION

    The General Data Protection Regulation (GDPR) enters into force on 25 May 2018.

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  • BREXIT BECOMING A REALITY

    The UK referendum that took place on 23 June 2016 marked a very important day in the history of the European Union. UK’s departure is a significant junction in the history of Europe – and one where the potential political, legal and economic consequences will be hard to predict.

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  • THE POSSIBLE LEGAL CONSEQUENCES OF THE UK LEAVING THE EU

    The UK referendum to take place on 23 June 2016 marks a very important day in the history of the European Union, a real cross-road. No country has ever left the EU, so an English “no” will mark a significant junction in European history – and one where the potential consequences are hard to predict.

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  • AGREEMENTS FOR EXCHANGE OF INFORMATION BETWEEN HONG KONG AND NORDICS ENTER INTO FORCE

    One consequence of the 2008-09 Global Financial Crisis was a new international consensus regarding the need to eliminate offshore tax evasion. While tax rates in Hong Kong are relatively low by northern European standards (income tax of 15% for individuals; 16.5% profits tax for corporations), this alone would not necessarily constitute an issue within the context of Hong Kong’s relationship with its international trading partners. The OECD did however point out, via its Global Forum on Transparency and Exchange of Information for Tax purposes, that there was a need to improve the mechanisms for exchange of tax information between Hong Kong and other countries. Failure to comply with the requirements of the Global Forum may ultimately lead to the international community pursuing different types of sanctions against the jurisdiction in question.

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