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HK signs CRS agreement with Switzerland, plans afoot to enter multilateral network

Hong Kong’s tax authority has signed a Common Reporting Standard (CRS) agreement with Switzerland, and the government department has drafted amendments to tax laws aimed at facilitating Hong Kong’s inclusion in the multilateral tax transparency network. “We have been seeking to expand Hong Kong’s AEOI (Automatic Exchange of Financial Account Information) network with our tax treaty partners,” a spokesperson for…

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