|2020/09/17||Follow-up Submission on Proposed Companies (Corporate Rescue) Bill|
The Chamber has made a follow-up response to the Financial Services and the Treasury Bureau based on the latest draft of the Companies (Corporate Rescue) Bill. The response provides further suggestions on the appointment of a provisional supervisor during the corporate rescue procedure and reiterates points made in the Chamber’s earlier submission.
|2020/09/10||Proposal to Provide Tax Concession for Carried Interest|
The Chamber supports the Government’s proposal to provide tax concession for carried interest as this could further strengthen Hong Kong’s status as an international asset management hub and has put forward views on the proposed measures in response to an invitation from the Financial Services and the Treasury Bureau.
|2020/08/07||Submission on Companies (Corporate Rescue) Bill Proposals |
In response to the Financial Services and the Treasury Bureau’s invitation, the Chamber has submitted its views on the Government’s latest proposals to introduce a statutory corporate rescue procedure and insolvent provisions in Hong Kong. The Chamber believe there is a pressing need to provide companies in financial difficulties with an alternative to liquidation especially under the sustained difficulties that Hong Kong has been experiencing since the middle of last year.
|2020/07/31||Potential Tax Treaty Partners for Hong Kong|
The Chamber supports the government’s continuing efforts to expand Hong Kong’s CDTA network and, to that end, has put forward a number of suggested jurisdictions in response to an invitation from the Financial Services and the Treasury Bureau.
|2020/06/09||Submission on Tax Relief Measures for Businesses affected by COVID-19|
The Chamber has made a number of recommendations to the government on providing tax relief measures to further assist businesses that have been hard-hit by the effects of COVID-19. Although the government has rolled out two rounds of anti-epidemic relief measures, in addition to those announced in this year’s Budget, we believe more could be done in the area of taxation policy to help companies weather the severe economic downturn.
|2020/01/22||HKGCC Budget Proposals for 2020-2021|
The Chamber has sent its proposals to the Financial Secretary Paul Chan for his upcoming Budget. We urge him to implement measures to help SMEs badly battered by the challenging business environment. We also recommend that the Government should give serious consideration to improving its policy-making process by making it more transparent and inclusive. Read the full report online.
|2018/02/23||Submission on Inland Revenue (Amendment) (No. 6) Bill 2017|
In its submission to the LegCo Bills Committee on implementing a legal framework to combat Base Erosion and Profits Shifting (BEPS) practices in Hong Kong, the Chamber has raised concerns over a number of outstanding issues with the Government’s proposed approach to align with international standards.
|2017/08/18||Potential Tax Treaty Partners for Hong Kong|
The Chamber supports the Government’s pursuit of CDTA especially with jurisdictions that fall within the scope of the Belt and Road Initiative as this could further enhance Hong Kong’s role as a super-connector between Mainland China and economies in Asia, Europe and Africa.
|2016/12/30||Consultation on Measures to Counter Base Erosion and Profit Shifting |
The Chamber has submitted its views to a government consultation on proposed measures to counter Base Erosion and Profit Shifting (“BEPS”) in Hong Kong. The Chamber calls on the Government to do its utmost in striking a balance between protecting local interests and aligning with international standards when implementing the BEPS package in Hong Kong so as to avoid undue compliance burden to enterprises.
|2016/08/22||Some Proposed Amendments to the Companies Ordinance (Cap. 622) and its subsidiary legislation|
The Chamber’s response to the Government’s proposed amendments to the Companies Ordinance and its subsidiary legislations is as given in the attached paper.