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05.06.26 - 08:36
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Hong Kong′s proposed bonus tax break for fund talent set to sharpen edge over Singapore (SCMP)
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Hong Kong is set to attract top global fund managers to relocate to the city, as they will no longer need to pay salaries tax on performance-linked bonuses if they meet certain criteria under a proposed law change to be submitted to the Legislative Council, according to industry sources and academia.
If passed, the measure would make Hong Kong the first major Asian financial centre to grant tax relief on such bonuses, reinforcing the city's role as the world's largest offshore wealth management......
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