Copying and distributing are prohibited without permission of the publisher

Advisers expose missed opportunities in Hong Kong budget

24 February 2011

Hong Kong is losing out to Singapore as a location for investment and needs to rethink its tax strategy, say critics of yesterday’s budget.

John Tsang, the financial secretary, yesterday explained that the Hong Kong economy "has fully recovered" from the global downturn and celebrated this news by giving individual taxpayers a number of cash giveaways.

However, Tsang made no changes to the tax system prompting many professionals to vent their frustration.

"As tax practitioners, we are quite disappointed with the budget which failed to address, despite repeated calls from various...



This article is locked content, available to current subscribers or trialists.

  • Current subscribers or trialists - Please log in to view this article in full.
  • New users - Please take a free 7 day trial.
  • Expired subscribers or trialists - Please subscribe to gain immediate full access.

If you think you've received this message in error, please contact your account manager, Nick Burroughs:
Email: nburroughs@euromoneyplc.com, Tel: +44 (0)207 779 8379

Subscribe now

Subscribe today to gain full access to International Tax Review.

Subscribe

Free trial

Take a free trial now and gain 7 days of full access to International Tax Review.

Free trial





International Tax Review Profile

RT @TPWeek: #funfridays #taxrelief #tax #transferpricing http://t.co/f4A37Zp3E2

Apr 17 2015 02:16 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Welcome to our new followers - @StephensonSmart @didacvs @GregoryC1998 @FinanceInd2day- hope you all have a good weekend!

Apr 17 2015 08:51 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @AislingTax: Really don't know where I stand on tax "planning" v "avoidance" language. To my mind qualitative difference between Ramsay …

Apr 16 2015 08:18 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Unashamedly piggybacking off a non-tax issue, @Vestager was one of our #globaltax50 in 2014 #google #competition http://t.co/zfUDhwZxvB

Apr 16 2015 11:45 ·  reply ·  retweet ·  favourite
International Tax Review Profile

OECD looks for comments on evidence for base erosion and profit shifting, how large it is & how to measure it #BEPS https://t.co/h5PQ0mS6c2

Apr 16 2015 11:30 ·  reply ·  retweet ·  favourite
International Correspondents

After the Irish budget, what would make you more likely to put more substance into Ireland?