(Straits Times) Hong Kong has proposed widening tax breaks to include hedge and private equity funds that are domiciled in the city, which market watchers say should encourage more of them to move there. Locally domiciled vehicles that can be sold only to qualified institutions and wealthy individuals – such as hedge and private equity funds – will be eligible for an exemption from a 16.5 per cent profits tax for the first time, according to a council brief posted on the website of the city’s legislature.
HK Plans to Widen Tax Breaks for Hedge, Private Equity Funds
This entry was posted in Syndicated. Bookmark the permalink.
