An Update on Tax Issues Relating to Mergers & Acquisitions in Hong Kong and China
Over the last few years, there has been an increase in merger and acquisition (M&A) activity in Hong Kong and this trend looks to continue despite the constrained credit experienced in Europe and the United States. Hong Kong businesses are popular targets for overseas buyers because of their close ties with China and as a useful leverage on China’s economic development. At this roundtable, Ken Chung, Partner, and Eric YH Lam, Senior Manager for Transaction Tax at Ernst & Young Tax Services Limited, spoke on typical Hong Kong outbound investment structures, common tax due diligence issues in China and how to deal with these issues, as well as the latest tax developments in China on offshore equity transactions, among other topics.
2012/09/26