Nice Cheer accuses Commissioner of applying extraordinary accounting standard in HK’s top court
Hong Kong’s highest court is deciding whether unrealised gains should be treated as profits for tax purposes after hearing the arguments in the Nice Cheer Investment case. The Court of Final Appeal’s (CFA) decision should finally settle the distinction to be drawn between legal principles and ordinary commercial accounting principles.
To access our market-driven intelligence please request a trial here.
Read this article – and more – for a 30 day period.