Carrie Lam


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2017/11/07 | Sam Lee

Hong Kong’s Two-Tier Profit Tax Misses its SME Mark

In her first Policy Address, new Hong Kong Chief Executive Carrie Lam proposed a new two-tier profit tax system designed to ease the burden on small-and-medium-sized enterprises (SMEs). But only a small proportion of Hong Kong's businesses actually pay profit tax, and the likelihood is that a higher proportion of them are big businesses.