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Hong Kong tax benefits for family offices need better “packaging”: KPMG

Hong Kong needs better “packaging” in offering tax incentives to attract family offices to set up in the city, according to KPMG. “Hong Kong has expanded its tax exemption regime for funds. Before only overseas funds were tax-exempt but now both onshore and offshore privately-offered funds operating out of Hong Kong are potentially exempted from profits tax,” John Timpany, partner,…

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