Hedge Fund Stars Spark Race to Cut Taxes in Hong Kong, Singapore

Hong Kong financiers press for tax breaks after Singapore’s challenge

Lawmakers should hurry to approve proposed law or risk losing edge to Singapore in attracting asset managers, industry players say.

Hedge Fund Stars Spark Race to Cut Taxes in Hong Kong, Singapore

On Wednesday evening, as most of Singapore’s workers headed home, several of its leading financiers crowded into a Sofitel Hotel ballroom. The guest of honor was Chee Hong Tat, the Monetary Authority of Singapore’s deputy chairman. The topic du jour: slashing the taxes paid by hedge fund stars and other managers.

Singapore and Hong Kong compete to cut taxes for investors in escalating financial hub rivalry

The tax competition between Singapore and Hong Kong could reshape global capital flows, influencing fund manager decisions and talent migration. The post Singapore and Hong Kong compete to cut taxes for investors in escalating financial hub rivalry appeared first on Crypto Briefing.

Hedge fund tax breaks reignite Singapore-Hong Kong rivalry

Singapore and Hong Kong are stepping up their battle to attract hedge funds and the people who run them, with tax incentives emerging as the latest weapon in the competition between Asia’s two financial centres, according to a report by the Business Times. The rivalry intensified this week after Singapore unveiled plans to exempt certain performance-related income earned by fund managers and investment professionals, potentially offering tax tre…