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Hong Kong Securities and Futures Commission

On January 8, 2019, the Hong Kong Securities and Futures Commission (SFC) has reprimanded and fined FWD Life Insurance Company (Bermuda) Limited (FWD Life)…

Is excise duty a tax borne or a tax collected?

The distinction between a tax borne and a tax collected is not always clear cut and excise duty is a prime example. It is…