Hong Kong receives Global Forum report on Transparency and Exchange of Information for Tax Purposes Phase 2 Peer Review

Hong Kong receives Global Forum report on Transpa...

The Global Forum recently completed its review of Hong Kong’s compliance with the international standard on exchange of information (EoI) and its findings were handed down in November 2013. In a positive development for Hong Kong, the review concluded that Hong Kong was largely compliant in its implementation of the international standards of transparency and EoI for tax purposes. However, the Global Forum has made a number of recommendations designed to further strengthen Hong Kong’s overall compliance with the EoI procedures.

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