The Resource Baring Securities (Hong Kong) Ltd v Commissioner of Inland Revenue : FACV 19/2006

Baring Securities (Hong Kong) Ltd v Commissioner of Inland Revenue : FACV 19/2006

Label
Baring Securities (Hong Kong) Ltd v Commissioner of Inland Revenue : FACV 19/2006
Title
Baring Securities (Hong Kong) Ltd v Commissioner of Inland Revenue : FACV 19/2006
Contributor
Subject
Language
eng
Summary
Judgment by the Court of Final Appeal of the Special Administrative Region of Hong Kong dated 5 October 2007. The case examines the issue whether the taxpayer's profits were profits 'arising in or derived from Hong Kong'. The taxpayers acted as agency brokers and were part of a group with subsidiaries in many jurisdictions. They placed orders for customers who wished to purchase shares at issue or subsequent to issue on stock exchanges around the world. They accepted that profits from transactions carried out on the stock exchanges in Hong Kong were profits arising in or derived from Hong Kong. However, they also contended that profits deriving from transactions carried out on stock exchanges outside Hong Kong were not taxable in Hong Kong. The Court of Final Appeal agreed
Citation source
In: International tax law reports. - London. - Vol. 10 (2007),
Geographic coverage
International
Language note
English
http://library.link/vocab/relatedWorkOrContributorName
Baker, P
http://library.link/vocab/subjectName
  • case law
  • source of income
  • stock exchange
Label
Baring Securities (Hong Kong) Ltd v Commissioner of Inland Revenue : FACV 19/2006
Instantiates
Publication
Label
Baring Securities (Hong Kong) Ltd v Commissioner of Inland Revenue : FACV 19/2006
Publication

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