Hong Kong advisory body criticizes ineffective PE tax policy
Hong Kong’s tax exemption for offshore private equity funds – introduced with a view to encouraging managers to expand their presence in the territory – has failed to deliver, according to the advisory body that made detailed proposals as to how the legislation should be implemented.
The exemption, which was extended to include private equity in 2015, means that firms with funds domiciled offshore no longer have to set up structures designed to avoid triggering permanent establishment...
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