Tax 2.docx

Tax 2.docx - Overview of preferential tax regimes in APAC...

This preview shows page 1 - 2 out of 3 pages.

Overview of preferential tax regimes in APAC & recent developments on harmful preferential tax regime. Cherry Lam, International Tax Partner, EY, 10 October, 2018, HK tax -> International tax [news] Duty: Advising tax structure Tax planning=tax evasion Preferential tax regime - Can give super deduction (incur 100 RD expense, government not just give you $100 deduction, but give $200 tax deduction) - Under 15 action of BEPS HK not successful in offering operating regime , but Singapore is successful in attract of investment.=> Thus,HK govt are catching up from this activity, head q in APAC, to compare the jurisdiction for MSC to offer the jurisdiction regime.[MSC will prefer Singapore] HK Action: 1. Ship operator: if fulfill certain criteria -> no need to pay tax 2. Captive insurance: offer halve 8.25% 3. Corporate treasury center: internal bank, MSC having business in 20 countries, diff. location may have cash need-> cash cow/additional funding, If you put this treasury: HK will offer 8.25 in operator profit/ treasury service fee(cash management activities) 4. Aircraft leasing: 8.25%[Singapore/ Ireland also have this tax regime- they are successful] China Action: - Focus on encourage manufactory activity (Tax holiday, no tax in 2 yr of operation, and the 3 rd is halve tax) - High-new technology enterprises-> attract high tech in China - Designated zones: diff zone offer diff incentive: corporate rate reduction, tax exemption, tax holiday Singapore Action: - Global Trader program - Headquarter(HQ) program:
Image of page 1

Subscribe to view the full document.

Image of page 2

{[ snackBarMessage ]}

Get FREE access by uploading your study materials

Upload your study materials now and get free access to over 25 million documents.

Upload now for FREE access Or pay now for instant access
Christopher Reinemann
"Before using Course Hero my grade was at 78%. By the end of the semester my grade was at 90%. I could not have done it without all the class material I found."
— Christopher R., University of Rhode Island '15, Course Hero Intern

Ask a question for free

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern