Hong Kong plans tax cuts for asset managers, FT reports
A general view of skyline buildings, in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu
March 26 : Hong Kong plans to change rules on carried interest that could allow asset managers to earn performance fees free of tax, the Financial Times reported on Thursday, citing people familiar with the matter.
Under a bill that the legislative council will consider "imminently", profit from a range of investments would be eligible for tax treatment as carried interest, rather than just profit from private equity transactions, the newspaper reported.
Source: Reuters
