| Journal Call no. | HJ3001.T39 |
|---|---|
| Author | Ho, Chi-ming. |
| Article Title | Source of profits update / Ho Chi-ming. |
| Is Part Of | Taxation ; no.23, Dec 1995, p.20-23. |
| Abstract | The author discusses three board cases D66/93, D77/94 and D10/95. The significance of these cases are that they dealt with the following problem which frequentlly arises: Hang Seng Bank laid down the rule "what the taxpayer has done to earn the profits in question". Does the term "what the taxpayer has done" include acts by its employees, agents or independent subcontractors? Furthermore, D10/95 successfully challenged DIPN 21 on taxation of trading profits. |