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Obama submits FY 2016 budget to Congress

Obama submits FY 2016 budget to Congress

Hong Kong Tax Alert - Issue 4, February 2015

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On 3 February 2015, US President Barack Obama submitted his FY 2016 budget to Congress. The budget contains the administration’s recommendations to Congress regarding spending and taxation for the fiscal year beginning 1 October 2015. This document summarises the key proposals that may be of interest to Hong Kong and China taxpayers.

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