Story thread · 2 reports / 2 sources

Hong Kong financiers press for tax breaks after Singapore unveils rival scheme

scmp.com · 9h · first reportShare

Hong Kong should press ahead with its proposed tax break on carried interest, the performance fees earned by hedge fund and private equity managers, after Singapore unveiled a rival tax-exemption scheme, according to industry participants. The bill, submitted to lawmakers in June and expected to come to a vote later this year, has sparked debate in the financial industry. Some participants argue that the exemption is too narrow in scope, while others question the fairness of exempting...