Businesses snub HK's 'complex, uncertain' treasury centre sweetener
Some 52% of Hong Kong-based enterprises questioned by KPMG have no interest in taking advantage of city's treasury tax incentives. Will its deep-pocketed government fight back?
Advocates of Hong Kong as Asia's regional treasury centre hub will find a new KPMG study grim reading. The accountancy firm surveyed 300 senior business executives at Hong Kong-based companies – including multinationals, Chinese and local enterprises – on whether they would take advantage of the city's tax incentives for setting up a treasury centre in the city. Some 52% had no intention of doing so.
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