The meeting of the Hong Kong Legislative Council's (LegCo) Panel on Financial Affairs held on February 4, 2013, looked at the jurisdiction's network of comprehensive double taxation agreements (CDTAs) and, in particular, at the need to amend its legislation with regard to tax information exchange (TIE) arrangements with other jurisdictions.
Romania has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes. As the 118th member of the Global Forum, it will participate in the peer review process which encourages all countries to adopt effective exchange of information in tax matters.
For the 19th consecutive year, Hong Kong maintained its position as the world’s freest economy, according to the 2013 Index of Economic Freedom, published annually by The Heritage Foundation.
Dubai's Department of Economic Development has reiterated that businesses based in Free Zones across the UAE require a licence and registration in order to take advantage of a law passed in 2011 allowing Free Zone businesses to operate within Dubai.
