U.S. Suspends Tax Exemption on Income from International Shipping

  • Donald Trump says that the Asian trading hub is no longer eligible for the continued preferential treatment.
  • This suspension of bilateral agreement is due to China’s imposition of strict national security laws over Hong Kong.
  • The bilateral agreement covers extradition and tax exemptions.

According to an ABC News report written by Matthew Lee AP, the Trump administration has suspended or terminated three bilateral agreements with Hong Kong covering extradition and tax exemptions.  This follows...


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