Business & Finance
Hong Kong May Expand Tax Breaks to Trading Firms, FT Says
Key Points
Hong Kong May Expand Tax Breaks to Trading Firms, FT Says Hong Kong regulators may include trading firms such as Jane Street and Citadel Securities in a sweeping new tax regime that has already boosted the city’s appeal to hedge funds, according to a report from the Financial Times. The government’s plan to offer exemptions on taxes paid on performance fees could be expanded to include trading firms, the FT said, citing two people familiar with the process. The tax change was already being...
Hong Kong May Expand Tax Breaks to Trading Firms, FT Says
Hong Kong regulators may include trading firms such as Jane Street and Citadel Securities in a sweeping new tax regime that has already boosted the city’s appeal to hedge funds, according to a report from the Financial Times.
The government’s plan to offer exemptions on taxes paid on performance fees could be expanded to include trading firms, the FT said, citing two people familiar with the process. The tax change was already being planned for private equity firms and hedge funds.