Tax considerations for funds structuring in Asia

Tax considerations play a major role in the decisions of fund managers of where to base their funds. The highly mobile nature of capital has resulted in tax competition, leading to several host jurisdictions for funds in Asia (Hong Kong, Singapore, Labuan, and the BVI) having very similar tax charac...

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Main Author: OOI, Vincent
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2020
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Online Access:https://ink.library.smu.edu.sg/sol_research/3203
https://ink.library.smu.edu.sg/context/sol_research/article/5161/viewcontent/2020_Tax_Considerations_for_Funds_Structuring_in_Asia_sv.pdf
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spelling sg-smu-ink.sol_research-51612021-04-20T07:39:25Z Tax considerations for funds structuring in Asia OOI, Vincent Tax considerations play a major role in the decisions of fund managers of where to base their funds. The highly mobile nature of capital has resulted in tax competition, leading to several host jurisdictions for funds in Asia (Hong Kong, Singapore, Labuan, and the BVI) having very similar tax characteristics in terms of low effective corporate income tax rates; no capital gains taxes; no exit taxes; a single tier of taxation; and generally no withholding taxes. Other ways in which jurisdictions have attempted to distinguish themselves include a strong Double Tax Agreement network, certainty on the taxation of the carried interest, and in offering a segregated portfolio company structure. Offering a segregated portfolio company structure is particularly important to promote local domiciliation of funds. Hong Kong is now the only one of the four jurisdictions in this study that does not offer such a structure. 2020-10-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/sol_research/3203 https://ink.library.smu.edu.sg/context/sol_research/article/5161/viewcontent/2020_Tax_Considerations_for_Funds_Structuring_in_Asia_sv.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Yong Pung How School Of Law eng Institutional Knowledge at Singapore Management University Taxation Law Tax Law Taxation Funds International Tax Asia Asian Studies Taxation Tax Law
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Taxation Law
Tax Law
Taxation
Funds
International Tax
Asia
Asian Studies
Taxation
Tax Law
spellingShingle Taxation Law
Tax Law
Taxation
Funds
International Tax
Asia
Asian Studies
Taxation
Tax Law
OOI, Vincent
Tax considerations for funds structuring in Asia
description Tax considerations play a major role in the decisions of fund managers of where to base their funds. The highly mobile nature of capital has resulted in tax competition, leading to several host jurisdictions for funds in Asia (Hong Kong, Singapore, Labuan, and the BVI) having very similar tax characteristics in terms of low effective corporate income tax rates; no capital gains taxes; no exit taxes; a single tier of taxation; and generally no withholding taxes. Other ways in which jurisdictions have attempted to distinguish themselves include a strong Double Tax Agreement network, certainty on the taxation of the carried interest, and in offering a segregated portfolio company structure. Offering a segregated portfolio company structure is particularly important to promote local domiciliation of funds. Hong Kong is now the only one of the four jurisdictions in this study that does not offer such a structure.
format text
author OOI, Vincent
author_facet OOI, Vincent
author_sort OOI, Vincent
title Tax considerations for funds structuring in Asia
title_short Tax considerations for funds structuring in Asia
title_full Tax considerations for funds structuring in Asia
title_fullStr Tax considerations for funds structuring in Asia
title_full_unstemmed Tax considerations for funds structuring in Asia
title_sort tax considerations for funds structuring in asia
publisher Institutional Knowledge at Singapore Management University
publishDate 2020
url https://ink.library.smu.edu.sg/sol_research/3203
https://ink.library.smu.edu.sg/context/sol_research/article/5161/viewcontent/2020_Tax_Considerations_for_Funds_Structuring_in_Asia_sv.pdf
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