publication . Preprint . Article . 2001

Taxation of Financial Intermediation Activities in Hong Kong

Jack M. Mintz; Jack M. Mintz;
Open Access
  • Published: 01 Sep 2001
Abstract
This paper discusses issues related to the taxation of financial intermediation in Hong Kong in the context of Hong Kong's position as a major regional financial centre. It first provides some background analysis as to the definition of financial intermediation and identification of the providers of financial services. This is then followed by a discussion of the principles of taxation applicable to financial intermediation, including a comparison of income taxes to consumption taxes. Some specific issues relating to taxation of financial intermediation, such as income and cost recognition, are also canvassed. The paper continues with a description of the curren...
Subjects
free text keywords: Finance, business.industry, business, Financial ratio, Financial system, Financial intermediary, International taxation, Financial analysis, Stamp duty, Double taxation, Financial services, Tax policy
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