HK’s treasury centre push worries loyalists
Hong Kong’s proposed 8.25% treasury profits tax rate thrills some practitioners, but worries those with tailored structures.
Hong Kong financial secretary John Tsang came out with big news for treasury in the region last week. In order to encourage multinational and Chinese corporates to establish treasury centres in Hong Kong, the city will allow interest deductions under profits tax, and cut profits tax by 50% for corporate treasuries.
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