Ooi, Vincent
Tax considerations for funds structuring in Asia / Vincent Ooi .-- , 2020
Disponible también en formato electrónico.
Resumen.
Tax considerations play a major role in the decisions of fund managers about where to base their funds. The highly mobile nature of capital has resulted in tax competition, leading to several host jurisdictions for funds in Asia (Hong Kong, Singapore, Labuan, and the BVI) having very similar tax characteristics in terms of
low effective corporate income tax rates, no capital gains taxes, no exit taxes, a single tier of taxation, and generally no withholding taxes. Other ways in which jurisdictions have attempted to distinguish themselves include a strong Double Tax Agreement network, certainty on the taxation of any carried interest, and offering a segregated portfolio company structure. Offering a segregated portfolio company structure is particularly important to promote local domiciliation of funds. Hong Kong is now the only one of the
four jurisdictions in this study that does not offer such a structure.
FONDOS DE INVERSION
IMPUESTOS
INCENTIVOS FISCALES
ASIA
Journal of Taxation of Investments 0747-9115v. 38, n. 1, Fall 2020, p. 49-62
Tax considerations for funds structuring in Asia / Vincent Ooi .-- , 2020
Disponible también en formato electrónico.
Resumen.
Tax considerations play a major role in the decisions of fund managers about where to base their funds. The highly mobile nature of capital has resulted in tax competition, leading to several host jurisdictions for funds in Asia (Hong Kong, Singapore, Labuan, and the BVI) having very similar tax characteristics in terms of
low effective corporate income tax rates, no capital gains taxes, no exit taxes, a single tier of taxation, and generally no withholding taxes. Other ways in which jurisdictions have attempted to distinguish themselves include a strong Double Tax Agreement network, certainty on the taxation of any carried interest, and offering a segregated portfolio company structure. Offering a segregated portfolio company structure is particularly important to promote local domiciliation of funds. Hong Kong is now the only one of the
four jurisdictions in this study that does not offer such a structure.
FONDOS DE INVERSION
IMPUESTOS
INCENTIVOS FISCALES
ASIA
Journal of Taxation of Investments 0747-9115v. 38, n. 1, Fall 2020, p. 49-62