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As “jurisdictions with substance”, WM hubs such as HK and SG could gain from global minimum corporate tax rate

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…

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