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China crisis?

I think its important to note that the most important 'offshore' jurisdiction for investment into China by foreign companies and/or roundtriping by Chinese nationals is Hong Kong. Hong Kong has most of the advantages of a 'small Caribbean island' jurisdiction while having the additional advantages associated with being the 3rd most important financial centre in the world. I think Circular 10 will benefit companies using HK as they are more likely to be able to show 'substance' to PRC tax authorities.

29-Jul-2010

4:48 am