Hong Kong is regarded as Asia’s No 1 tax haven. It could be in for change under plans for a minimum global corporate tax rate. Illustration: Joe Lo
Could Hong Kong’s status as a business hub be threatened under global minimum tax reform?
- Hong Kong’s headline tax rate is 16.5 per cent, but various concessions allow companies to lower their effective rate to below 15 per cent
- Although not a major destination for tax-shy firms in the tech industry, the impact of a proposed tax floor on the city remains unclear
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Hong Kong is regarded as Asia’s No 1 tax haven. It could be in for change under plans for a minimum global corporate tax rate. Illustration: Joe Lo
