A global minimum corporate tax regime could benefit wealth management centres such as Hong Kong and Singapore, because they are “jurisdictions with substance” that would maintain a lower corporate tax rate, even if a global minimum corporate tax rate becomes effective. US President Joe Biden’s support for a global minimum corporate tax rate, as proposed by the OECD, has trained…
As “jurisdictions with substance”, WM hubs such as HK and SG could gain from global minimum corporate tax rate
