HK Gov't Urged to Cut Profit Tax

The Hong Kong General Chamber of Commerce (HKGCC) has called on the government to improve the territory's attractiveness as a business hub, reports Tax-News.com

 

The group is urging the government to lower the profit tax to 15% from 16.5%. Quoting HKGCC’s Chairman, Anthony Wu, Tax-News.com says that lowering the profit tax will send a clear signal to the international business community that Hong Kong is determined to stay competitive in the face of intense regional competition.

 

The HKGCC is also calling for a decisive government action on assisting small-to-medium-sized enterprises (SMEs) during the fragile economic recovery.
 

 

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