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Bank of China IPO underlines faults of US passive company rules

June 30, 2006
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The Bank of China initial public offering on the Hong Kong Stock Exchange was the largest ever in China with a value of $9.7 billion. As Claire Jones found out, dealing with US passive foreign investment company rules was the biggest obstacle the tax advisers on the transaction had to overcome

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NewsSponsoredITR MagazineJuly / August 2006
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