Why Hong Kong needs to change its view of carry

Friday, March 22, 2019

(PEI by Darren Bowdern) – if it wants to compete with other regional private equity hubs, the territory needs to solve the issure of the tax treatment of carried interest, writes KPMG China's Darren Bowdern.

In a further breakthrough for Hong Kong's private equity industry, the government announced in its recent budget that it intends to look at further tax arrangements to promote the city as a PE hub in the region. This follows the recent tax reforms that fundamentally change the previous funds tax regime to ensure PE funds managed from Hong Kong are not subject to tax.

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