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Hedge fund tax breaks reignite Singapore-Hong Kong rivalry

hedgeweek

1 day ago

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Singapore and Hong Kong are stepping up their battle to attract hedge funds and the people who run them, with tax incentives emerging as the latest weapon in the competition between Asia’s two financial centres, according to a report by the Business Times.
The rivalry intensified this week after Singapore unveiled plans to exempt certain performance-related income earned by fund managers and investment professionals, potentially offering tax treatment that could rival or exceed Hong Kong’s recen...

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