Hong Kong is planning to exempt private equity funds, hedge funds, and the investment vehicles of ultra-wealthy individuals from taxes on gains from cryptocurrencies, private credit investments, and other assets, in an effort to attract global investors and crypto businesses. The proposal includes expanding tax exemptions to cover private credit, overseas property, and carbon credits.
The move comes as Hong Kong competes with regional rival Singapore to attract billionaires, investors, and fund managers. If implemented, the new exemptions would offer “certainty” to family offices and investors.
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<p>The post New Tax Plan in Hong Kong: Attracting Global Investors by Exempting Crypto and Asset Gains From Tax first appeared on CoinBuzzFeed.</p>
