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Hong Kong Added to EU Watchlist on Non-Cooperative Tax Jurisdictions

Hong Kong was recently added to the EU’s grey list of non-cooperative tax jurisdictions due to concerns the city is enabling ‘double non-taxation‘ of passive income. In response, the Hong Kong government reiterated its commitment to make the requisite amendments to its tax law to comply with EU standards, a move that may have a limited impact upon some foreign enterprises in Hong Kong.…

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