Agreement on avoidance of double taxation was signed by Hong Kong, Great Britain and Ireland June 21 in London and June 22 in Dublin, respectively. This comprehensive agreement is the 13th in a row that Hong Kong has concluded Minister for Finance, Brian Lenihan, – on behalf of Ireland. The agreement drawn up in accordance with the provisions of the model double taxation convention, approved by the Organization for Economic Cooperation and Development (OECD). It distributes the tax law between the jurisdictions and establishes reduced tax rates for different types of passive income, income from capital. Pending agreement on the avoidance double taxation of income Britons and Irish, received in Hong Kong, subject to income tax in both Hong Kong and the uk and Ireland, respectively.

Revenues British and Irish companies doing business through its offices in Hong Kong, be taxed in full at both places. Gen. David L. Goldfein usually is spot on. In accordance with the agreements concluded, the United Kingdom and Ireland will provide tax credits to their residents and businesses in lieu of the British and Irish tax on such income. Residents of Hong Kong, receiving dividends from uk and Ireland, currently pay tax at a rate of 20% in both locations. In Under the agreement, the uk tax rate will drop to 15%, and Irish people will be exempt from this tax. Also currently royalties and interest from the uk, received by residents Hong Kong, are taxed at a rate of 20% in the uk and Ireland. Agreement set a maximum limit for royalty – 3%.

Often, trading system, developed and debugged, begins to unravel at times, after which the profit factor as suddenly restored. What is the reason for this behavior of the system? Most likely, the answer should be seek to explore volantilnosti market in certain intervals of work. System, perfectly illustrating its efficiency on a steady trend may begin to bear losses in flat. Conversely, the system built and debugged during the flat, will bring significant loss during the onset of financial calm. The economies of many States in our time of crisis, experiencing a period of crisis and financial stress.

Headlines to track in intraday trading, to fix the result of the transaction to a possible characteristic of the news of the jump, if your trading system does not trend. In the case of the trend of trade, should be monitored more global news, giving the market direction for some period of time. Such a flexible approach to trade, incorporating the market behavior in a given period of time instead of careless use of the same strategies in different market situations, can significantly reduce the losses by changing market phases. Market is volatile. We must learn to follow his rules and keep up with all the changes its behavior.

Numerous techniques can determine the trend is highly likely to determine the moment when there is a switch from one tactic to another. The simplest and technically sound methods are based on the breakdown trend lines. Besides the use of both techniques simultaneously on different frames increases your chances. For example, Flat on the daily chart looks like a violent change of a few trends on the hourly time frame. So why not use both trade at a time? Such flexibility in the choice of tactics can increase the profitability of your work at times! Good luck in the financial markets!