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Hong Kong proposes crypto tax breaks to compete as global financial hub
Hong Kong has unveiled a proposal to exempt cryptocurrency gains from taxes for hedge funds, private equity, and family offices. The tax exemption plan, currently under a six-week public consultation, also covers investments in private credit, overseas property, and carbon credits. If implemented, the tax break could attract global liquidity and bolster Hong Kong’s digital economy. According to a recent report, the move is a part of Hong Kong’s strategy to strengthen its standing as a leading crypto financial hub and position it competitively against contending jurisdictions which offer similar tax incentives. ... (full story)
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- Posted: Nov 28, 2024 9:33pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 74
