X-Nico

unusual facts about double taxation



Economy of the British Virgin Islands

Former president of the BVI's Financial Services Commission, Michael Riegels, recites the anecdote that the offshore finance industry commenced on an unknown date in the 1970s when a lawyer from a firm in New York telephoned him with a proposal to incorporate a company in the British Virgin Islands to take advantage of a double taxation relief treaty with the United States.


see also

Goh Chok Tong

On 19 May 2005, Goh signed a Double Taxation Avoidance Agreement with Israel's Finance Minister Benjamin Netanyahu on a visit to Israel, superseding the agreement signed in 1971.

Vietnamese businesses in Hong Kong

On 16 December 2008, the Hong Kong / Vietnam Comprehensive Double Taxation Agreement (CDTA) was signed by John Tsang Chun-wah, the Financial Secretary of the HKSAR, and Do Hoang Anh Tuan, Vice-Minister of Finance of Vietnam, in Hanoi.