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UK applying to join Asia-Pacific free trade pact CPTPP

By Dharshini David   The UK will apply to join a free trade area with 11 Asia and Pacific nations, a year after it officially left the EU.   Joining the group of "fast-growing nations" will boost UK exports, the government says.   The Comprehensive and Progressive Agreement for Trans-Pacific Partnership - or CPTPP - covers a market of around 500 million people.   But they are harder to reach than neighboring markets in Europe.   Members include Australia, Canada, Japan, and New Zealand.   Brunei, Chile, Malaysia, Mexico, Peru, Singapore, and Vietnam are also founder members of the bloc, which was...

Beyond the Pandemic: Global Transfer Pricing Trends Drive Change

By Oleg Rak   It is no secret that the world is changing at an accelerated rate. The world of transfer pricing is no exception, explains Oleg Rak of Mason Rak. The practice – like everything else in these unprecedented times – will have to adapt.   The transfer pricing world has evolved amid the pandemicInternational executive search firm Mason Rak has spoken with transfer pricing (TP) leaders across the globe, who expect changes in the world of TP to be accelerated as a result of the novel coronavirus and the resulting economic disturbances across the world.   The virus has...

Under the COVID-19 Situation, British Immigration Policy Continue Making a Splash

"No matter where you are, our mission is to tailor the best investment and immigration services for you." For many years, the UK has been the first choice for HNWIs to settle down and invest. The sudden outbreak disrupted many people's plans and seriously affected the international immigration market. In the face of the COVID-19, various countries have made many moves; the United States tried to prevent new immigrants from entering and suspended the issuance of green cards. Thailand has suspended landing visas. Many European countries have completely blocked their borders. In contrast, the move of the Home Office is...

The UK is Open for Chinese Entrepreneurs

An interview with a regulated UK immigration advisor  Are you a business owner who would like to provide a better quality of life for your family, and expand your business at the same time? Then look no further than the United Kingdom, through the Representative of an Overseas Business visa route. Beyond Residence & Citizenship, a UK investment immigration firm can help you move to the UK in a matter of months, if you meet the requirements. We asked Polina Revzina, Partner of Beyond Residence & Citizenship, and a licensed UK immigration advisor with many years of experience in the...


Executive Summary: Although the UK must be counted as business-friendly, with its superb professional services, a common law heritage, and straightforward company law, it is relatively highly taxed and there are few if any niches available by way of escape. The ffshore dependencies of Jersey, Guernsey and the Isle of Man (qv) do however provide low-tax possibilities, and there is a beneficial tax regime for on-doms those who do not have UK origins. The services sector is dominated by banking, finance and insurance, centred in the City of London. The UK has excellent telecommunications, extensive rail and road networks, including...

Navigating Property Investment Opportunities and Mitigating Their Tax Liabilities in the UK

Property in the UK, particularly London, has always been popular for Chinese Investors. Within the last year, however, the UK Tax authorities have changed their stance and all investors are now exposed to new taxes. Historically, foreign investors would use structures to reduce their exposure to taxes. Typically, it would be purchased using structures such as trusts, special purpose vehicles, private investment companies, or similar offshore corporate entities. This was the preferred method to purchase UK property because of the generous tax benefits. Even when ATED (annual tax on enveloped dwellings) taxation was introduced, it had little impact until what...

UK visa statistics show 11% growth in China last year

China contributed to a massive quarter of UK visas issued globally last year, according to the latest quarterly report on immigration statistics published by UK's Home Office.In the light of the statistics, more than 730,000 visas were issued to Chinese nationals in 2018, which equates to 25 percent of the total 2.9 million entry clearance visas granted, and represents an 11 percent increase from the previous year. Both Chinese visitors and students to the UK saw strong growth in numbers. According to the statistics, the number of  visitor visas issued to Chinese nationals last year increased by 11 percent  to...

SRA Should Not Condemn Lawful Tax Avoidance

The Solicitors Regulation Authority of England and Wales has just announced a crackdown and investigation against 26 firms over alleged failures in their anti-money laundering procedures. The SRA move appears to arise, at least in part, out of its investigations and warning regarding tax avoidance issued to law firms in late 2017. Given that the both the original warning and the ensuing investigations raise potential money laundering issues, it may be that the SRA’s overarching objective is to ensure that law firms comply with not only with SRA regulations, but also the broader AML issues as the two are inextricably...