Hong Kong versus Singapore: A tale of two tax systems

Assoc Prof (Practice) Simon Poh from the Dept of Accounting at NUS Business School wrote that for many years, Singapore and Hong Kong have been competing to see which city has the most competitive tax regime, attracting global companies to set up entities in their territories. He opined that although tax is not the only factor impacting a firm’s choice of location, corporate tax regimes remain an important consideration affecting companies operating or intending to operate in each of these two cities. Ultimately, businesses should perform their own due diligence and look at both the tax and non-tax considerations to arrive at an informed choice.

• mso-fareast-font-family:SimSun;mso-ansi-language:EN-US;mso-fareast-language:
  ZH-CN;mso-bidi-language:AR-SA;mso-bidi-font-weight:bold;mso-bidi-font-style:
  italic">The Business Times, 15 November 2017, p24