Hong
Kong is included in the just published EU list of tax havens for corporations.
It is one of the 30 countries and territories enumerated.
The
Hong Kong authorities have reacted with great surprise to their listing. And
they are right as the territory has now in place a number of mechanisms to
share information. It is true that the territory´s taxes are low. But that´s a political
choice. It is part of the competition at the international level.
Many
other countries have low corporate taxes and are not listed by the EU. Do you
want an example? Look at the Delaware tax system in the US and you will see
what competition means. Not to mention Luxembourg, an EU country with a very
advantageous tax system for big companies. Luxembourg is not in the list…
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