Issue no. 40
(23 February 2005) change login id / password
    Dear Members/Member Practices,
In this issue
The Hong Kong Accountant

The Hong Kong Accountant

In February 2005 issue of The Hong Kong Accountant...

President's Message

Incorporating insight from our stakeholders into the Institute's vision
One of the first priorities we set ourselves was gaining greater insight into how important stakeholders view the Institute


Cover Story 1: Beyond property and stock speculation
Changing circumstances are making Hong Kong's investors increasingly sophisticated


Cover Story 2: The future of estate duty in Hong Kong
The abolition of estate duty may be on the horizon but ideas on how to achieve it vary

Cover Story 3: Hong Kong must remain competitive with an encouraging tax regime
Fund managers and accountants are impatient for tax breaks for offshore funds
Cementing an important partnership
The Hong Kong Institute of CPAs and Hong Kong Exchanges and Clearing Limited (HKEx) have long worked closely to raise standards in Hong Kong's business sector. The appointment of HKEx chief executive Paul Chow to the Institute's Council will positively reinforce the cooperation of these two organisations

Leading Hong Kong community worker looks forward to helping Hong Kong Institute of CPAs realise its vision
Sophia Kao has devoted the last six years of her life to public and community service. Now appointed by Government to the Hong Kong Institute of CPAs' Council, she is keen to contribute both her experience and immense talents to the role


A common language for a common goal
Regulators worldwide are working to improve reporting processes with the help of the computer language XBRL. A coordinated approach to regulatory reporting will be one of the first ways that financial services entities to benefit from its use

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