Tax issues in regional financial centres

Senior tax consultant at PricewaterhouseCoopers'' Financial Services Division, on taxation in Hong Kong vs Singapore.

PwC's Steve BruceHong Kong and Singapore are often made out in the popular press as two long time sparring partners looking to go up a division, each trying to wrest the title as the undisputed regional financial centre in AsiaPacific. Both jurisdictions have made claims for the title in the past and hold impressive lists of awards and achievements.

Hong Kong and Singapore are currently ranked equal first by the Economic Freedom Network as having the freest economies on the planet and both jurisdictions have held titles for being the most competitive and the most preferred place to do business in the region at some time in the past, if not currently. This is in...

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