Hong Kong set to include trading firms in ‘big bang’ tax reforms

Hong Kong is preparing to include trading firms in its extensive tax reforms. According to the Financial Times, this move may extend tax breaks to entities like Jane Street and Citadel Securities. The proposed regime could exempt performance-related pay for staff, mirroring previous measures that increased the city's appeal to hedge funds. These sweeping changes aim to further enhance the financial attractiveness of Hong Kong for global trading firms and their professional employees through strategic tax exemptions.