The 12th Five-Year Plan of China recognises the competitive advantages of Hong Kong and sets out some initiatives to bolster its unique position. Exactly how the Hong Kong government uses tax policies to implement the initiatives proposed in the Five-Year Plan will be critical for the continued prosperity of Hong Kong, say Ayesha Macpherson, Darren Bowdern and Garry Laird of KPMG
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Ireland’s Department of Finance reported increased income tax, VAT and corporation tax receipts from 2024; in other news, it’s understood that HSBC has agreed to pay the French treasury to settle a tax investigation
The EU has seemingly capitulated to the US’s ‘side-by-side’ demands. This may be a win for the US, but the uncertainty has only just begun for pillar two