Hong Kong slashes tax in bid to become R&D hub

Focus on SMEs and research and development as profits tax under HK$2 million is halved and tax breaks handed out for R&D
Hong Kong slashes tax in bid to become R&D hub

The Hong Kong government is playing catch up on becoming a regional hub for research and development (R&D) as its latest policy address targets massive tax breaks for corporates engaged in innovation.

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