The Resource Hong Kong Court of Final Appeal rules on source of income from stock transactions

Hong Kong Court of Final Appeal rules on source of income from stock transactions

Label
Hong Kong Court of Final Appeal rules on source of income from stock transactions
Title
Hong Kong Court of Final Appeal rules on source of income from stock transactions
Creator
Subject
Language
eng
Summary
The Hong Kong Court of Final Appeal issued its decision in the Kim Eng Securities (Hong Kong) Ltd. case on March 29, 2007, concluding that the taxpayer's income related to stock transactions executed for customers on overseas stock exchanges were sourced from and taxable in Hong Kong. The Court upheld the decision of the lower court. Hong Kong taxes only profits arising in or derived from Hong Kong, so the source of profits is critical. The case illustrates that there may be no universally applicable rules and that courts will examine every circumstance to determine the source of income, in particular where the taxpayer or its agents carried out their activities both in and outside Hong Kong
Citation source
In: Tax planning international review. - London. - Vol. 34 (2007),
http://library.link/vocab/creatorName
  • Lee, C-W
  • Chan, F
  • Ho, E
Geographic coverage
Asia
Language note
English
http://library.link/vocab/subjectName
  • source of income
  • stock exchange
Label
Hong Kong Court of Final Appeal rules on source of income from stock transactions
Instantiates
Publication
Label
Hong Kong Court of Final Appeal rules on source of income from stock transactions
Publication

Library Locations

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      52.3736660 4.9336932
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