Visions of AsiaSeeing things differently.

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Tag: tax

BEPS and the increasing restriction on special tax statuses: Hong Kong’s case

The Base Erosion and Profit Shifting (BEPS) initiative of the OECD has been influencing a lot of the visible (changes in legislation) and less visible changes in the global tax environment. We already talked about it broadly here. Today, we are addressing the issues in the offshore status of Hong Kong. The principle of territorial […]

The influence of China on Hong Kong from an unexpected angle: taxation

Hong Kong has a worldwide reputation for being a semi tax heaven.  This reputation hangs mainly on the concept of territoriality for taxes, which in turn gave birth to the very interesting concept of the “offshore status”. More can be learned (from a very technical point of view) by reading the Departmental Interpretation and Practice […]