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competitiveness

Hong Kong labour chief Chris Sun defends new minimum wage formula, saying employers can afford it

by Ron Morgan
Hong Kong labour chief Chris Sun defends new minimum wage formula, saying employers can afford it

Hong Kong’s new formula for adjusting the minimum wage will not affect company bottom lines because employers can afford it, the labour minister has said in defence of the mechanism. …

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Global minimum 15% corporate tax may undermine Hong Kong’s tax incentives to attract businesses, lawmaker Robert Lee warns

by Anas Siddiqui
Global minimum 15% corporate tax may undermine Hong Kong’s tax incentives to attract businesses, lawmaker Robert Lee warns

The minimum rate of 15 per cent will only be 1.5 percentage points below Hong Kong’s corporate tax rate of 16.5 per cent. Under the new regime, if the effective …

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