Hong Kong should be wary of how rampant tax avoidance practices in the city can tarnish its reputation. Photo: EPA-EFE

Hong Kong’s low taxes should not make it vulnerable to money launderers

Kalina Tsang and Eryn Schornick say the city must set up a public central register of beneficial owners to make it less attractive as a tax haven, thereby making it harder to move dirty money

Topic |   Financial regulation

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Hong Kong should be wary of how rampant tax avoidance practices in the city can tarnish its reputation. Photo: EPA-EFE
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