Coin

<ul class="wp-block-list news-points">
 <li>Hong Kong has publicized plans to widen its tax-exemption net.</li>
 <li>The recent proposal highlights Hong Kong’s intention to attract more business.</li>
 <li>Hong Kong aims to expand tax concessions to include crypto investments.</li>
</ul>
Hong Kong has publicized plans to widen its tax-exemption net to include hedge funds and high-net-worth individuals. In a recent proposal, the Hong Kong government said the new plan would exempt private equity funds, hedge funds, and ultra-high-net-worth investment vehicles from taxes on cryptocurrency, private credit investments, and other asset returns.
The proposal highlights the Asian hub’s broader strategy to attract asset management companies and large corporations by creating a more favorable business environment. The Hong Kong government highlighted the importance of positioning itself as a competitive hub for global investment activities.
In the meantime, the Hong Kong government has clarified that it hopes to expand the scope of tax-exempt investments within the region. The government cited such investments cutting across private credit, overseas real estate, and carbon emission allowances. Authorities have scheduled consultations o…
The post <a href="https://coinedition.com/crypto-tax-breaks-hong-kongs-new-plan-to-rival-global-investment-hubs/" rel="noopener noreferrer nofollow">Crypto Tax Breaks: Hong Kong’s New Plan to Rival Global Investment Hubs</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Crypto Tax Breaks: Hong Kong’s New Plan to Rival Global Investment Hubs

Coin Edition

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