Tuesday, July 7, 2015

Hong Kong is an Ideal Place for Investment despite the Unbounded EC Tax Haven Blacklist

By Masson de Morfontaine - Hong Kong, China

Hong Kong was named among the thirty uncooperative tax jurisdictions in the European Commission's ("EC") tax haven blacklist released on June 17, 2015. The tax jurisdictions on the aforesaid list had been flagged up by ten or more European Union member states. Six of the thirty countries blacklisted are former British territories. Countries notable by their absences include Jersey, Luxembourg and Switzerland, whose secretive tax system are well-known to the world.

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