One of the attractive features of doing business in Hong Kong is the simplicity of its tax system. But for many e-businesses looking to expand into Asia, the choice of location to base their operations will be dependent upon many factors including infrastructure, quality of employees, capital markets, and customer base. Issues such as taxation tend to be considered at the very end of such a list, if at all.
However, for many internet start-ups which ignore the tax issues now, the consequences may often be very painful financially when confronted with tax bills later because of a tax inefficient structure, which may also prove costly to unwind. In this article, I comment briefly...
