China

Details

  • Service: Tax, Corporate Tax Compliance, Corporate Tax Advisory
  • Industry: Global China Practice
  • Type: Business and industry issue
  • Date: 5/27/2011

China's 12th Five-Year Plan: Hong Kong Tax Proposals 

China promulgated the 12th Five-Year Plan (the Plan) in March 2011. The Plan is the blueprint and action agenda for the economic and social development of the Mainland over the next five years. It has a special significance to Hong Kong as it is the first time that it has incorporated a chapter on Hong Kong (the Hong Kong Chapter). This paper outlines the proposals for Hong Kong under the Plan and discusses how Hong Kong should consider modifying its tax regime to complement the Plan and to consolidate its position as an international financial, trade and shipping centre.

 

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